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New CBN Forex Policy Threatens N12trn Poultry Industry – Operators

New CBN Forex Policy Threatens N12trn Poultry Industry – Operators

The over N12 trillion, including 20 million jobs created in Nigeria’s poultry industry, is facing collapse following the new forex policy and the lift in the ban on imported poultry and processed poultry products by the Central Bank of Nigeria ...

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Naira Depreciation: CBN Asks Court To Dismiss Falana’s Suit

Naira Depreciation: CBN Asks Court To Dismiss Falana’s Suit

The Central Bank of Nigeria (CBN) has urged a Federal High Court in Lagos to dismiss a suit filed by human rights lawyer, Femi Falana, seeking to compel the apex bank to stop the alarming depreciation of the Naira. CBN, ...

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CBN, Reinstate The FX Restriction: A Ray Of Hope

CBN, Reinstate The FX Restriction: A Ray Of Hope

The recent decision by the Yemi Cardoso-led Central Bank of Nigeria (CBN) to lift foreign exchange restrictions on 43 previously banned food and non-food items sheds light on one of the fundamental leadership challenges we face – policy flip-flops and ...

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Naira Depreciates Further To N1,235/$1 In Parallel Market

Naira Depreciates Further To N1,235/$1 In Parallel Market

The Naira suffered further depreciation to a record low of N1,235 per dollar yesterday, following strong demand on the parallel market, also known as black market. This represents a 2.06 per cent (N25) weaker value than the N1,210 recorded on ...

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FIRS Assures No Plan To Increase Taxes

FIRS Assures No Plan To Increase Taxes

Acting chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has allayed fears being expressed by corporate organisations that the resolve of FIRS to increase the country’s tax-to-GDP ratio to 18 per cent from the current 10.86 will lead ...

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