The Civil Society Legislative Advocacy Centre (CISLAC) has issued a strong call for the cancellation of illegitimate and dubious debts, urgent reform of global financial institutions, and a strengthened legislative role in financing for development and accountable spending. The Executive Director of CISLAC, Comrade Auwal Ibrahim Musa (Rafsanjani), made the call at the Financing for Development Conference in Sevilla, Spain. …

The naira yesterday appreciated to N1,570 per dollar in the parallel market from N1,580 per dollar on Wednesday. However, the Naira recorded its first depreciation in the Nigerian Foreign Exchange Market (NFEM) to N1,525 per dollar after a week-long appreciation. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for the naira rose to N1,527.5 …

The naira yesterday appreciated to N1,580 per dollar in the parallel market from N1,585 per dollar on Tuesday. Likewise, the Naira appreciated to N1,525 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for the naira fell to N,1525 per dollar from N1,527 per dollar on …

The Naira on Tuesday, depreciated to N1,585 per United States dollar in the parallel market from N1,570 per dollar on Monday. But the Naira appreciated to N1,527 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for the naira fell to N1,527 per dollar from N1,532 …

Guaranty Trust Bank Ltd. (GTBank) has announced that all its branches across Nigeria will close earlier than usual on Monday, 30 June. The bank made this known in a customer email sent on Saturday, informing clients of the temporary change in operation hours. According to the message, the early closure is to allow for the bank’s scheduled half-year audit activities. …

President Bola Tinubu on Thursday signed into law four tax reform bills, declaring that it signals Nigeria’s readiness for modern economic growth and international investment. Following President Tinubu’s assent to four tax reform bills, key revenue-generating agencies, including the Nigeria Customs Service, Nigerian Upstream Petroleum Regulatory Commission, and several federal ministries and agencies, may lose their tax collection mandates. The …

The naira yesterday appreciated to N1,600 per dollar in the parallel market from N1,605 per dollar last weekend. But the Naira depreciated to N1,550 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for the naira rose to N1,550 per dollar from N1,547 per dollar last …

The Joint House of Representatives Committee on Public Accounts and Public Assets have invited the Minister of Finance, Wale Edun, and the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to appear before it on Monday over allegations of non-compliance with the provisions of the Fiscal Responsibility Act, 2007. Edun and Cardoso are also expected to answer questions on the …

The Securities and Exchange Commission (SEC) says the Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd., remains banned in Nigeria. SEC, in a public notice issued on Wednesday, said that CBEX, also known as Smart Treasure/Super Technology, had not been registered by the commission. The commission, however, advised the public to refrain from patronising …

The Naira, on Tuesday, appreciated to N1,600 per United States dollar in the parallel market from N1,605 last week. Likewise, the Naira appreciated to N1,540 per dollar in the Nigerian Foreign Exchange Market (NFEM). The Naira has maintained its appreciation trend since 29 May, gaining N47 against the dollar till date in the official market. Data published by the Central …