Textile, maize importers can get forex as CBN unbans 43 items (See full list)
The Central Bank of Nigeria has lifted a ban on 43 items that were previously restricted from accessing forex, a bank spokesperson said on...
Nigerian businesses under burden of over 60 taxes, govt says
The Nigerian government says the country seeks to cut the number of taxes at the federal, state and local government levels from about 62...
NNPC claims Nigeria no longer pays petrol subsidy. That’s unlikely
The Nigeria National Petroleum Corporation Ltd. on Monday denied the government paid petrol subsidy despite the price control in place and the rising oil...
NNPC is again Nigeria’s sole petrol importer months after reforms
NNPC Ltd has resumed its role as the exclusive importer of petrol into Nigeria due to challenges faced by licensed local private firms in...
Naira sinks to long-feared black market rate of 1,000 to dollar
The naira fell to a new record low of 1,000 to a dollar on the parallel market on Tuesday, traders said, driven by speculation...