FG Stops Export Of Cooking Gas To Reduce Price
The Minister of State Petroleum Resources (gas), Hon Ekperikpe Ekpo has disclosed there will be no export of Liquefied Petroleum gas (cookinggas) until local demand has been met. The Minister who disclosed this at a workshop in Abuja on Thursday said the government was working to improve supply to the domestic market. Government’s intervention came as the price of cookinggas rose […]
Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms
The Nigerian government is considering blocking the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds, officials with knowledge of the policy option have told PREMIUM TIMES. The recent unprecedented weakening of the Nigerian currency has seen the naira falling […]
Access Holdings appoints Bolaji Agbede as Acting CEO
Access Holdings Plc on Monday announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This follows the death of its former Group Chief Executive Officer, Dr. Herbert Wigwe. Wigwe died in a helicopter crash alongside his wife, son, and a former chairman of the Nigeria Exchange Group, Abimboloa Ogunbanjo on Friday A […]
Federal Inland Revenue Service to go after Skit makers and influencers over Tax payment
The Federal Inland Revenue Service (FIRS) has announced plans to ensure skit makers, influencers, and digital content creators in Nigeria pay taxes. DailyTrust reports that the Special Adviser on Media to the chairman of the FIRS, Dare Adekambi, made this known to newsmen, revealing that social media content creators and influencers constituted a major block […]
Naira exchanges at N1,440/$ in parallel market
The Naira on Friday, February 2, exchanged at N1,440 to a dollar, from N1,450 per dollar on Thursday, February 1. The Naira also appreciated to N1,435.53 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,435.53 per dollar from N1,461.9 per dollar on […]
CBN denies ways to convert $30 billion domiciliary deposits into Naira
The Central Bank of Nigeria has denied reports claiming it plans of converting $30 billion domiciliary deposits in Nigerian commercial banks into Naira. Punch had reported that the move was to help stabilize the national currency. A “Presidential source” was quoted as saying the problem of forex scarcity and the naira fall was an elite […]