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JUST IN: FG raises cargo clearance exchange rate to N1,356/$
The Federal Government through the Central Bank of Nigeria has increased the exchange rate for cargo clearance from N952/$ to…
Central Banks should not rush into rate cuts- IMF
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move…
CBN directs banks to sell surplus dollars in 24 hours
The Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to divest their surplus dollar holdings by February 1,…
Shell announces annual profit more than halves to $19.4 bn
Shell reported on Thursday that its profits for 2023 experienced a reduction of more than half due to lower oil and gas prices.…
Port Harcourt refinery test-run ongoing-FG
The Federal Government, on Wednesday, said the Port Harcourt Refining Company was still being test-run, adding that refined…
No going back on FAAN relocation to Lagos, N500m will be saved annually —…
The Minister of Aviation and Aerospace Development, Festus Keyamo, says there is no going back on the relocation of the…
JUST IN: Femi Otedola emerges new FBN Holdings chair
First Bank of Nigeria Holdings Plc has named Femi Otedola, Africa's 20th richest man, as its new Chairman.
LIRS extends deadline for employers’ tax returns filing
The Lagos State Internal Revenue Service (LIRS) has announced an extension for the filing of employers’ annual tax returns by…
Court orders Total Nigeria to pay disengaged former employees N50m damages
The National Industrial Court in Lagos has ordered Total E & P Nig. (Formerly Elf Petroleum Nigeria Limited) to pay N50…
FX Backlog: CBN completes payment of all verified claims by Airlines
The Central Bank of Nigeria (CBN), in keeping with its promise to remove the backlog of foreign exchange due to foreign airlines…