Despite hardship, CBN raises Nigeria Customs Duty …C0NTINUE READING HERE >>> Despite the hardship ravaging Nigeria , the Central Bank of Nigeria (CBN) has adjusted the Customs duty exchange rate for clearing goods at the nation’s ports to N1,658.87 per dollar. This change, effective Monday, November 18, reflects a 0.37% increase from the previous … Read more
CBN sends strong warning to commercial banks over Naira hawking …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) says it will heavily penalise Deposit Money Banks (DMBs) found supporting the hawking of Naira notes. Mr Solaja Olayemi, Acting Director, Currency Operations Department, CBN, said this in a memo to DMBs on … Read more
‘It Is False And Fraudulent’ …C0NTINUE READING HERE >>> The Nigerians in Diaspora Commission (NiDCOM) has disassociated itself from allegations concerning a supposed ₦40 million mortgage pre-financing initiative involving HXAFRICA and the Federal Mortgage Bank of Nigeria. In a statement issued on Friday, NiDCOM characterized these allegations as untrue and deceptive. The disclaimer, which was … Read more
Nigeria’s Inflation Rate Rises to 33.8% Under President Tinubu …C0NTINUE READING HERE >>> Nigeria’s inflation rate has risen to 33.8% under President Tinubu. Newsone Nigeria reports that the National Bureau of Statistics (NBS) says Nigeria’s inflation rate was 33.88 percent in October — up from 32.7 percent in September. The data is captured in the NBS’ latest consumer price index … Read more
Woman begs CBN to permanently scrap POS businesses …C0NTINUE READING HERE >>> A Nigerian woman recently took to social media platform X (formerly Twitter) to express frustration over POS businesses, calling on the Central Bank of Nigeria, CBN to permanently shut them down. In her detailed post, she shared her dissatisfaction with the widespread use … Read more