Femi Falana, a prominent human rights lawyer, has advocated for Nigeria’s inclusion in the economic bloc BRICS (Brazil, Russia, India, China, and South Africa) as a strategic move to bolster…
Central Bank of Nigeria (CBN
Nigerian Breweries Announces Price Hike Amid Soaring Production Costs
In response to escalating production expenses, Nigerian Breweries Plc has unveiled a significant price adjustment, impacting consumers across the West Zone. In a letter dated Monday, February 12, 2024, the…
CBN Implements Second Customs Duty Rate Hike in Days, Sparks Concerns Among Businesses
The Central Bank of Nigeria (CBN) has once again increased the exchange rate for computing Customs duties at the country’s seaports. This marks the second adjustment in just three days,…
Senate Summons Tinubu’s Economic Team Over Falling Naira, Dwindling Economy
The Senate has taken a decisive step in addressing the issue of the falling Naira and the overall economic downturn by summoning President Bola Tinubu’s economic team. This move follows…
House of Representatives queries Customs over non-remittance of three years audited financial statement
The House of Representatives, Public Accounts Committee (PAC) has slammed Nigeria Customs Service over the non-submission of audited financial statements for the 2016, 2017, and 2018 financial years to the…
CBN Clears FX Backlog, Concludes Payment of Verified Claims to Airlines
The Central Bank of Nigeria (CBN) has fulfilled its commitment to eliminate the backlog of foreign exchange owed to foreign airlines operating in the country. As reported by the Guardian,…