World Bank Urges CBN To Adopt Single Forex Market
The world bank has urged the Central Bank of Nigeria to adopt a single-market reflective exchange rate, OduNews reports.
Naira Gains At Black Market Amid Inflow Of Forex
The naira appreciated against the dollar at the parallel market segment of the foreign exchange market.
Domestic Airfares Rise By 98% In One Year
The National Bureau of Statistics (NBS) says the cost of domestic flight tickets in Nigeria rose to N73,267 in one...
CBN Monitors Over 6,000 BVNs Linked To Fraudulent Transactions In Q1’22
The Central Bank of Nigeria says it is monitoring over 6,000 bank verification numbers (BVN) linked to fraudulent transactions in the first quarter of 2022.
FG Seeks Cancellation Of Tax Reliefs For Rural Firms
The Federal Government has proposed the suspension of tax reliefs and waivers granted to companies in places lacking public infrastructure, electricity, water and other amenities.
Adeleke fires revenue collectors and consultants from quarry sites
Osun State Governor Ademola Adeleke has fired quarry consultants and revenue collectors. The governor established a committee to investigate solid...
World Bank Approves $311m For Renewable Energy Project In West Africa
The world bank has approved $311 million to increase grid-connected renewable energy capacity in west Africa, OduNews reports.
CBN Says PoS Agents Needed In Cashless Policy
The Central Bank of Nigeria says Point of Sales agents are important to the enforcement of its numerous cashless policies, OduNews reports.
We Need POS Agents More In This Cashless Policy Era – Emefiele
The governor of the Central Bank of Nigeria CBN, Godwin Emefiele, stressed the importance of Point of Sale (PoS) agents...
Naira Weakens To N456.33 Per Dollar At Official Market
The value of the naira weakened against the dollar on Wednesday at the Investors and Exporters (I&E) window and other forex market segments.
Emefiele Bows To Pressure, Raises Withdrawal Limits To N500,00 For Individuals, N5m For Firms
The Central Bank of Nigeria has reviewed its withdrawal policy by increasing the weekly limits for individuals to N500,000 and N5 million for firms respectively.
CFPB Orders Wells Fargo To Pay $3.7bn As A Result Of Illegal Fees And Interest
As part of the settlement, Wells Fargo agreed to pay $3.7 billion to settle allegations that it harmed consumers by...
Five Easy Ways To Identify The Fake New Naira Note
There are reports that the fake notes are already in circulation. It is based on this that OduNews presents five easy ways to identify the fake new note.
Naira Redesign To Negatively Affect Poor Nigerians, SMEs – World Bank
The world bank has warned that the Nigerian government decision to redesign the naira will have negative effects on the poor and small and medium enterprises in the country.
Naira Falls To N744 Per Dollar At Black Market
The value of the naira crashed to N744 against the dollar at the black market on Monday, OduNews reports.
Nigeria Rakes In N625bn As VAT In Q3’2022
The National Bureau of Statistics says Nigeria earned N625 billion as Value Added Tax (VAT) in the third quarter of 2022.
REPORT: FG Grants N16.79trn Tax Reliefs To ‘Top Companies’ In 3 Years
The Nigerian government granted a total of N16.79 trillion as tax waiver to top companies from 2019 to 2021, OduNews reports.
Naira Rises To N450.58 Per Dollar At I&E, N742 At Black Market
The rate of the naira to the dollar rose across the foreign exchange market segments on Thusday, OduNews reports.
Local Stock Market Investors Gain N133.43bn
Investors at the Nigerian Exchange (NGX) Limited raked in N133.43 billion by the end of trading activities on Thursday.
No Plans To Issue Eurobonds In 2023 – FG
Nigeria's Minister of Finance Zainab Ahmed says the country has no plans to issue Eurobonds in 2023, OduNews reports.