… AGIA-PD fund runs for 15 years and should reach its capitalization target in three years Access Multimedia Content The Board of Directors of the African Development Bank Group (www.AfDB.org) approved the proposal to take an initial stake of up ...
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Feed SubscriptionAgain, CBN Raises Import Duty Forex Rate, 4th Time In 10 Days
The Central Bank of Nigeria (CBN) has raised the exchange rate for computing Customs duties at the nation’s seaports again, making it the fourth increase in 10 days. Information obtained from the official trade portal of the Nigeria Customs Service ...
Read More »Tinubu Honours Super Eagles Players, Officials With MON, Lands
President Bola Tinubu has awarded the members of the Super Eagles national team and their officials with the prestigious national honour of Member of the Order of the Niger (MON) for their impressive performance at the just-concluded 2023 Africa Cup ...
Read More »Cote d’Ivoire Clinch 3rd AFCON Title, Beat Nigeria 2-1 In 2023 Final
The delayed 2023 Africa Cup of Nations (AFCON) tournament ended on Sunday night with host Cote d’Ivoire completing their remarkable turnaround in fortune by becoming the first host nation to win the title in 18 years with a 2-1 victory ...
Read More »EU Unveils Plans To Tackle Violence In N’Delta
In a bid to address violence in the Niger Delta region, the European Union has rolled out plans to invest in 60 communities in three Niger Delta states. The Country Director, Search for Common Ground, Fatima Abubakar stated this at ...
Read More »2023 AFCON Final: We Must ‘Leave With No Regrets’ Against Nigeria, Vows Ivory Coast’s Haller
Ivory Coast star Sebastien Haller urged his team to “leave with no regrets” as they attempt to complete the most remarkable of major tournament comebacks in Sunday’s Africa Cup of Nations final against Nigeria on home soil. The Elephants are ...
Read More »CBN, NDIC Collaborate To Deepen Deposit Insurance Knowledge, Boost Banking System Resilience
Lawmakers and officials from the Nigeria Deposit Insurance Corporation (NDIC) on Saturday gathered in Abuja for a retreat aimed at strengthening the legislative framework for deposit insurance and ensuring the continued stability of the Nigerian banking system. The retreat, themed ...
Read More »Int’l Money Transfer Firms Stop Forex Remittance Payments, Opt For Naira
Following the directive of the Central Bank of Nigeria (CBN) barring international money transfer operators (IMTOs) from paying Nigerians in foreign currencies, Nigerians abroad will no longer be able to send dollars or foreign currencies into bank accounts in the ...
Read More »Again, CBN Increases Customs Duty On Cargo Clearance By ₦4
The Central Bank of Nigeria (CBN) has, for the third time this year, increased the exchange rate for calculating customs duties at the nation’s seaports from ₦1,413.62/$ to ₦1,417.635/$. With the upward review, Nigerians will pay more to clear their ...
Read More »Forex Crisis: Importers Dump Nigerian Ports For Cotonou, Togo
…As transactions dip by 65% Following the incessant increase in Customs exchange rate for clearance of imported items at the Nigerian seaports and Airports, and instability of foreign exchange in the country, importers in the country have started dumping Nigerian ...
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