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Market News

CBN Abolishes Multiple Exchange Rates, Transactions Now to Hold on I&E Window FX Rate

The Central Bank of Nigeria (CBN) yesterday abolished segmentation in the foreign exchange (FX) market

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June 15, 2023 7:08 am
Market News

Nigeria records N710bn VAT in Q1 2023 –NBS

The National Bureau of Statistics (NBS), said the aggregate Value Added Tax (VAT) stood at

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June 15, 2023 7:06 am
Market News

Oil extends downtrend as China economy stumbles in May

Oil extended declines on Thursday after the previous day’s plunge, as China’s industrial output and

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June 15, 2023 7:05 am
Market News

Revenue From Rail Drops By 60% As Passenger Traffic Plunges To .5m In Q1

The federal government has seen revenue from rail service dropped to N768.4m in quarter one

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June 15, 2023 6:58 am
Market News

Asian shares edge lower, dollar wobbles ahead of Fed

Asian shares struggled for traction and the dollar was subdued as the market focuses on

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June 14, 2023 7:05 am
Market News

Dollar sags as bets build for Fed skip; yuan falters

The dollar hovered near a three-week low to the euro and a one-month low versus

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June 14, 2023 7:02 am
Market News

Consumers, companies paid N1tn tax in Q1 2023 – NBS

Consumers of goods and services and companies paid about N1.18tn as taxes to the government

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June 14, 2023 7:01 am
Market News

FG issues two oil export terminal licences, eyes $11bn

The Federal Government, on Tuesday, issued and signed licences for the establishment of two crude

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June 14, 2023 6:38 am
Market News

FG eyes N124bn from new import tax

The Federal Government is set to make about N124.26bn in a year from the imposition

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June 14, 2023 6:33 am
Market News

Investment group to list on NGX

The Nigerian Capital Development Fund Group Plc has expressed interest in listing on the Nigerian

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June 13, 2023 7:23 am
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