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Abubakar said the breakdown of the allocation figures comprises: Statutory Revenue Allocation of N1,780,906,717:37 (net); Value Added Tax of N1,450,601,517:80; Forex Equalisation Fund of N45,905,022:05; Excess Bank Charges of N3,157,916:33; and total deductions of N350,066,963:71.
Lagos State Governor, Mr Babajide Sanwo-Olu, says the state is ready to domesticate the African Continental Free Trade Area (AfCFTA) agreement.
The All Progressives Congress (APC), in Scandinavian countries, has lent its voice to the call for the National Assembly for a legislation on Diaspora voting, ahead of the 2023 Presidential Election.
Commercial operations at the Lekki Deep Seaport in Lagos Free Zone (LFZ) will begin in the first quarter of 2023, Governor Babajide Sanwo-Olu, on Friday, got the assurance from Tolaram Group – the frontline investor handling the project.
Chairman/CEO of Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has applauded the Central Bank of Nigeria on the introduction of ‘Naira 4 Dollar Scheme’ for diaspora remittances following its policy of remittance issuance in the currency of remittance.
The Association of Bureau De Change Operators of Nigeria (ABCON) on Monday said that a competitive Diaspora Remittance market space would engender Naira stability.
Industrialists and Manufacturers on Monday said the Naira 4 Dollar Scheme, an initiative by the Central Bank of Nigeria to encourage diaspora remittances would help stabilize the forex situation of the country.
The Central Bank of Nigeria (CBN) has said that its new “CBN Naira 4 Dollar Scheme” which comes into effect on Monday is aimed at providing Nigerians abroad with cheaper and more convenient ways...
The Central Bank of Nigeria has explained that its new “Naira 4 Dollar Scheme” seeks to make remittance through formal bank channels cheaper and more convenient for Nigerians in the diaspora.
While the slight improvement in Gross Domestic Product (GDP) recorded in Q4 is good news, analysts say it is not significant enough to mark economic recovery.
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances.
Abia State Commissioner for Information, Chief Okiyi Kanu, has explained that the state’s emergence as the third most-preferred investment destination in Nigeria came as a result of the deliberate policies of the state government tailored towards economic recovery.
The mayor of Nice in southern France called on Sunday for a weekend lockdown in the area to reduce the flow of tourists as it battles a sharp spike in coronavirus infections to triple the national rate.
Investigations have revealed that, the federal government and the CBN were warned by the United States’ Federal Bureau of Investigation, (FBI), on the activities of fraudsters using cryptocurrencies to bringing into the country hundreds of millions of US Dollars illegally obtained from the USA and other Western economies.
Official: Belgian investors express interest in Nigeria’s maritime transport policy as an investment vehicle
Executive officers of the Port of Antwerp International have expressed interest in Nigeria’s new National Maritime Transport Policy, under development, for possible windows of investment opportunity for Belgian entities.
Former Vice President Atiku Abubakar has criticised the decision of the Central Bank of Nigeria (CBN) to ban cryptocurrency trading in Nigeria.
Nigeria’s opposition leader Atiku Abubakar on Saturday condemned Friday’s decision to ban cryptocurrencies by the Central Bank of Nigeria.
Patricia Donli, a professor at the University of Maiduguri, says the insurgency in the north-east is caused by government neglect.
At the resumed trial today (Wednesday), account statement and account opening package of Abdulrahman Yusuf, a bureau de change operator, Oberone BDC Ltd and Halima Tanimu Turaki were tendered and admitted in evidence through the ninth prosecution witness, Umar Garba, a relationship manager with First City Monument Bank.
The trial of a former Chief of Air Staff, Air Marshal Adesola Amosu (rtd) continued yesterday before Justice Chukwujekwu Aneke of a Federal High Court, Ikoyi with a witness of the Economic and Financial Crimes Commission (EFCC) further testifying against Amosu and two others on their complicity in the alleged diversion to personal use of about N21 billion belonging to the Nigeria Air Force.
The Trade Union Congress of Nigeria (TUC) has decried the nation’s spiraling unemployment rate, citing the population of the unemployed as exceeding the combined population of 35 of Africa’s 54 countries.
Diaspora remittances into Nigeria fell by 27 percent, year-on-year (y/y) to $12.9 billion as at September 2020 from $17.6 billion in the corresponding period of 2019.
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Imo Government on Wednesday condoled with the family of Miss Divine Nwaneri, a first-year student of the Imo State University, who was killed by a stray bullet on April 24.
Lagos State Government says its World Bank-assisted Agro-Processing, Productivity Enhancement, Livelihood Improvement Support (APPEALS) Project will construct 13.16km Farm Access Roads (FARs) in four cluster areas.
Gov. Simon Lalong of Plateau, has expressed sadness over the death of the former Chief of Defence Staff, Lt. Gen. (Rtd.) Joshua Dogonyaro, at the age of 80.
Nine-time champion Rafael Nadal saved two match points to defeat Canada’s Denis Shapovalov in a three-set battle and advance to the quarter-finals of the Italian Open on Thursday.
Popular Nigerian singer, Dapo Oyebanjo, fondly known as D’banj, has revealed plans to unveil a new female signee to his record label, DB records.
“We struggled to find our rhythm in the first half and didn’t give Villarreal enough problems,” he wrote in the Gunners’ official matchday programme.
Kelechi Nwakali has been named April’s Alcorcon player of the month.
Taraba State Governor Darius Ishaku has described the death of former minister of Women Affairs Senator Aisha Jumai Alhassan as a personal loss to him.
Manchester City and Chelsea could emerge as contenders to sign Robert Lewandowski if he leaves Bayern Munich this summer, ESPN reports.
Hadiza Bala Usman, the suspended managing director of the Nigerian Ports Authority (NPA), says the agency under her leadership did not exempt Dangote Group from paying statutory charges at the Onne Ports, Rivers state.