Naira exchanges 590 to dollar ahead of Easter
The naira slumped further and exchanged to the dollar at 590 on Thursday at the parallel market ahead of the Easter festive period. Some Bureau de Change operators who spoke…
How Nigeria can lower debt service-to-revenue –DMO
The Debt Management Office has said that Nigeria can lower its debt service-to-revenue ratio if it generates higher revenue like Ghana, Kenya, and Angola. According to the DMO, while Nigeria…
Clearing agents reject Customs’ 15% levy on imported vehicles
CLEARING agents have rejected the imposition of 15 per cent levy on imported vehicles by the Nigeria Customs Service. The NCS had, last weekend, introduced a 15 per cent National…
Airlines, agents to begin sale of tickets in dollar
Some of the foreign airlines flying into Nigeria will on April 19 begin the sale of their tickets in dollar amid the worsening shortage of foreign exchange in the country.…
Two Ikoyi high-rise buildings fail integrity test, risk collapse
Two high-rise buildings in Ikoyi, Lagos are at risk of collapse after failing experts’ integrity test, The PUNCH has learnt. A high-rise building under construction by Fourscore Heights Limited along…
NASS to pass Buhari’s revised 2022 fiscal framework today
The Senate and the House of Representatives will on Thursday (today) pass the revised 2022 fiscal framework of the Federal Government. The President of the Senate, Ahmad Lawan, made this…
Navy has detained my vessel for four years – Shipowner
A shipowner, Captain Dada Olaniyi Olabinjo, has said that despite meeting the bail conditions, his vessel, MT Adeline Jombo, has been detained by the Nigerian Navy since 2018. Olabinjo, who…
Visa ban: FG approves foreign professionals with skills lacking in Nigeria
The Director-General and Chief Executive Officer, National Office for Technology Acquisition and Promotion, Dr. Dan-Azumi Ibrahim, has disclosed that the Federal Government, through Executive Order 5, has restricted the issuance…
80% of barges in Nigeria are locally made, say operators
Barge operators in the nation’s maritime sector have said that 80 per cent of the barges on the Nigerian waters are locally made, noting that the players are already operating…
Imported vehicles: Customs slam 15% levy, clearing agents plan strike
CLEARING agents operating in the nation’s maritime sector may withdraw their services following the reintroduction of a 15 per cent National Automotive Council levy on imported used vehicles by the…
FG not handing over Ajaokuta Steel to British firm – Minister
THE Minister of Mines and Steel Development, Olamilekan Adegbite, has refuted media reports on the rehabilitation of the Ajaokuta Steel Plant, saying that the Federal Government is not handing it…
Oil theft affecting govt finances, naira stability –MPC member
Massive oil theft, among other challenges, is affecting government finances and threatening naira stability. The Central Bank of Nigeria disclosed this in a report by a member of the Monetary…
