Tag: PDP

Trapped funds: CBN to give foreign airlines $150m
News

Dollar shortage persists after party primaries

Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market of Africa’s biggest oil producer. Between June 2021, and June 2022, dollar-to-naira exchange rate has risen from N500 to N603 at the parallel market, signifying the greenback appreciated by 21 per cent […]

Interview

2023: Candidates must show tax compliance proof, says CITN

In this interview with, the President and Chairman in Council, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, speaks on tax issues in the country Tax compliance is still low in the country. What is responsible for this? The issue of tax compliance and enforcement, as I keep saying over the years, has to […]

Banks reduce forex sales as scarcity persists
News

Manufacturers suffer scarcity as politicians buy dollars for primaries

As the naira continues its free fall against the dollar, manufacturers in the country have lamented the worsening scarcity of the United States currency, saying their inability to get the forex they need and the excessive delay in getting the little available are killing their businesses. However, findings revealed that the scarcity, which has driven […]

News

I’ll make Nigeria investment haven if elected President -Ohuabunwa

A Peoples Democratic Party presidential aspirant, Sam Ohuabunwa, says he will transform Nigeria into an investment haven if elected. Ohuabunwa, the Convener of the New Nigeria Group, made the promise on Saturday during an interactive session with newsmen in Umuahia. “My aspiration to govern Nigeria has been a burden I have carried for more than […]