JUST IN: NIGERIA’S TRADE SURPLUS REACHES N6.95TN IN Q2 2024 AS IMPORT DROPS
Nigeria had a modest dip in overall merchandise trade in the second quarter of 2024, but the country still posted a trade surplus of N6.95...
VAT REMAINS 7.5% NOT 10% – WALE EDUN
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, disputed rumours on Monday that the Value-Added Tax (VAT) rate had been raised to...
FG FLAGS OFF SALE OF 50kg BAG OF RICE FOR N40,000, SAYS ONLY NIGERIANS WITH NIN WILL BENEFIT FROM IT
The Federal Government has announced that only public employees with properly registered National Identification Numbers (NINs) will be able to purchase 30,000 metric tonnes of...
LAGOS GOVT SIGNS MOU WITH CHINESE COMPANY ON RICE VALUE CHAIN, AGRICULTURE PRODUCTIVITY
Lagos State Government has signed a Memorandum of Understanding (MoU) with a Chinese food processing company, Yihai Kerry Arawana Holdings Co. Limited, to increase productivity...
FOREIGN EXCHANGE: NAIRA DEPRECIATES TO N1,611 IN NAFEM
The Naira yesterday depreciated to N1,611.34 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate...
NO PLANS TO REGULATE FOOD PRICES – FCCPC
The Federal Competition and Consumer Protection Commission has dismissed claims that it plans to regulate the prices of food items and other commodities in the...
NEWS: NNPCL ADMITS DEBT TO PETROL SUPPLIERS RESPONSIBLE FOR LONG QUEUES
The Nigerian National Petroleum Company Limited finally admitted the company’s “significant debt to petrol suppliers”, saying it poses a threat to the sustainability of fuel...
LAGOS TO SUPPORT COMMERCIAL, INDUSTRIAL TRADE FAIR 2024
Lagos State Government has promised to collaborate and support the “Commercial and Industrial Trade Fair 2024” which is being organised by the Lagos International Trade...
LAGOS MONARCH SACKS MARKET COMMITTEES OVER HIKE IN PRICES OF FOODSTUFF
A Traditional Ruler, the Akran of Badagry, Aholu Menu Toyi 1, has dissolved all market committees dictating the prices of foodstuffs and goods in Agbalata...
FOREIGN EXCHANGE: NAIRA BOUNCES BACK AGAINST US DOLLAR
Naira experienced an appreciation against the United States Dollar in the foreign exchange market, coinciding with an increase in FX transaction turnover. According to data...