Naira sheds N12 against dollar, trades N1, 582/$1 at official window
The naira slumped against the American dollar on Tuesday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency shed N12...
NGX: Bearish trend persists as investors lose N278bn
The bearish trend in the Nigerian equities market continued on Tuesday as investors lost N278 billion at the close of trading.
This follows the...
‘Excessively burdensome, ill-timed,’ Bank directors reject windfall tax
The Bank Directors Association of Nigeria (BDAN) has kicked against the recently signed windfall tax introduced by the Federal Government.
The association described it as...
Stakeholders warn Nigeria’s telecom sector on brink of collapse
Stakeholders in the Nigeria telecommunications ecosystem on Tuesday warned that the industry is on the brink of collapse.
They spoke at a forum tagged: “TELECOMS...
‘Each Senator earns ₦1m monthly,’ RMAFC replies Shehu Sani
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said on Tuesday each of the 109 senators in the country earns ₦1,063,860 in salary and...
