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Stop forex restriction on items, impose tariffs, W’Bank tells FG
News

Stop forex restriction on items, impose tariffs, W’Bank tells FG

  The World Bank has advised the Central Bank of Nigeria to terminate its foreign exchange restrictions on 41 products. According to the report, titled,”Nigeria Development Update (June 2023): Seizing the Opportunity,” the body stated that this would complement efforts to reduce inflation through a sequenced and coordinated blend of monetary, fiscal, and trade policies. […]

Friendly market policies'll boost Nigeria's credit profile - NGX
Business

PHOTOS: Tinubu receives MTN chair, NCC boss at Aso Villa

President Bola Tinubu met with the Executive Vice Chairman of the Nigerian Communications Commission, Dr. Umar Garba Danbatta,  and the Group Chairman of MTN, Mr. Jonas Mcebisi, who was accompanied by his team. The meeting took place on Friday in the State House in Abuja, with negotiations taking place behind closed doors. MTN is one of Nigeria’s top […]

FG can train area boys to be tax officers - Oyedele
Policy and Regulations

Tinubu launches tax reforms committee, names Oyedele chairman

President Bola Tinubu approved the formation of a Presidential Committee on Fiscal Policy and Tax Reforms on Friday. According to The Punch, the Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers, Mr. Taiwo Oyedele, was named committee chairman. The news comes just 24 hours after the President signed four Executive Orders delaying the 5% excise tax […]

Why Tinubu should ban dollar cash transactions - Operator
News

Tinubu backs $5b floating LPG project

President Bola Tinubu on Wednesday gave his support to the implementation of a $5 billion floating Liquefied Natural Gas project in the country.   The Tribune reported that he gave the backing when he received a group of joint venture partners made up of UTM FLNG, TECHNIP Energies, and JGC Corporation in his office at […]

Nestle Nigeria reports N104bn loss in 2023
Banking

Banking sector is economy’s livewire, expert tells Tinubu

A former Managing Director and Chief Executive Officer of Bank of Agriculture Limited, Dr. Mohammed Santuraki, has stated that the banking sector is the live wire of Nigeria’s economy. According to The Punch, he called for urgent reforms in the banking sector in order to enable President Bola Ahmed Tinubu to actualize the administration’s goal of revamping […]

Why Tinubu should ban dollar cash transactions - Operator
News

Nigeria is on the right track, Tinubu tells Bank of America

President Bola Ahmed Tinubu has voiced confidence that his administration is on the right track despite the country’s issues, saying Nigeria has no excuse to disappoint the rest of the African continent. The Special Adviser to the President, Special Duties, Communication, and Strategy, Dele Alake, revealed this in a statement on Tuesday. As he welcomed visiting […]

Why Tinubu should ban dollar cash transactions - Operator
Economy

Tinubu assures investors of policy consistency

President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment.   The President gave this assurance on Monday while receiving the delegation of the Shell Petroleum Development Company led by the Global Upstream Director, Ms Zoe Yujnovic at the State House in […]

Why Tinubu should ban dollar cash transactions - Operator
News

NLC, Tinubu to discuss 65-year retirement age

The Nigeria Labour Congress plans to discuss its initiative to raise the retirement age for civil officials to 65 years with President Bola Tinubu. According to The Punch, the National President of the NLC, Joe Ajaero, on Sunday, said that the labour movement was continuing its move which had begun under the previous administration of President Muhammadu Buhari. The NLC […]

Opinion

Palliative won’t solve fuel price hike – Truck drivers

The National President of the Heavy-Duty Truck Drivers Association, Uche Nebuwa, has said there will be no remedy to the hike in the pump price of fuel caused by subsidy removal unless old refineries are repaired.   Nebuwa also condemned the proposed palliatives by President Bola Tinubu to lessen the suffering of the masses.   […]

JUST IN: Emefiele orders banks to dispense old naira notes - Soludo
News

Tinubu breaks silence on Emefiele’s suspension

President Bola Ahmed Tinubu has broken his silence on the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele.   He made this disclosure during an interactive session with Nigerians resident in France and neighbouring European countries.   Tinubu said the nation’s financial system under the suspended CBN governor was rotten.   According to […]