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August 14
Nigeria: Nigeria Customs Highlights Conditions for Companies to Access Zero-Duty Food Import Waiver
Companies wishing to import husked brown rice, grain sorghum, millet, maize, wheat, and beans at zero duty must be incorporated in Nigeria. Read more »
August 08
Nigeria: Unpaid $2.4bn 'Invalid' Fx Forwards Could Cripple Nigerian Companies - NACCIMA
In February, the CBN announced that a Deloitte audit found $2.4 billion of the $7 billion FX claims invalid. Read more »
July 16
Nigeria: Police Investigate Group of Companies for Alleged Fraud, Terrorism Financing
The police said the group was involved in cryptocurrency fraud, aiding internet fraud, computer-related fraud, terrorism funding, and non-compliance with regulatory frameworks. Read more »
July 10
Nigeria: Nigerian Exchange Bars Eight Companies From Trading
The punitive action remains in force until the companies hand in their outstanding 2023 audited financials to the exchange, the document stated. Read more »
July 08
Nigeria: Cholera Outbreak - Ogun Threatens to Shut Dirty Markets
Mr Hunye said that improper waste disposal in markets breeds rodents, vectors and flies, which infests commodities sold to the public. Read more »
July 03
Nigeria: Reps to Probe 'Unethical Practices' By Multinational Companies in Nigeria
The House also asked the Federal Competition and Consumer Protection Commission (FCCPC) to immediately halt the alleged unfair business practices by multinationals. Read more »
June 27
Nigeria: How Anambra Security Votes Money Moved to Private Companies Under Ex-Governor Obiano - Witnesses
Mr Obiano faces nine charges of diversion of over N4 billion from the Anambra State Government's security votes account in his last five years in office. Read more »
June 26
Nigeria: Investors Lose N49 Billion At Nigerian Stock Market Tuesday
The All-Share Index also dropped 0.09 per cent or 87 points to close at 99,217.60, compared to 99,304.12 recorded on Monday. Read more »
June 23
Nigeria: Dangote Refinery Accuses International Oil Companies, NMDPRA, of Sabotage
Dangote says IOCs are plotting plotting against its refinery while NMDPRA is granting licences for importation of dirty fuel Read more »
June 07
Nigeria: Naira Gains Slightly At Forex Markets
Naira closed on Thursday at N1,481.49 as against N1,488.60/$1 posted in the previous segment on Wednesday Read more »
June 05
Nigeria: Three Nigerian Companies Bag $17 Million UK Investment Support Fund
It said the investments are expected to provide energy for more Nigerians, reduce carbon emissions, lead to the creation of 1100 jobs, and support thousands of livelihoods. Read more »
May 03
Nigeria: Long Trail of Exiting Companies Threatens Nigerian Exchange's Drive to Grow Listings
MTN Nigeria's public shares sale, held in December 2021, remains the only IPO to be recorded by the NGX in the past five years. Read more »
April 16
Nigeria: As Naira Gains in Forex Markets, Inflationary Pressures Persist
Despite a significant appreciation recorded in the value of the naira in recent weeks, the impacts on the prices of goods and services are yet to be felt by Nigerians Read more »
March 02
Nigeria: Nigeria's Forex Crisis Adds MTN to Growing List of Financially Distressed Companies
"Most of the naira weakness will affect 2024, more than 2023, and it will take some time for MTN to recoup cost pressure from the consumer given regulatory restrictions in… Read more »
February 12
Nigeria: Stock Watch - Mutual Benefits, UBA, Ecobank Top Stocks Pick This Week
This is not a buy, sell or hold recommendation but a stock investment guide. Read more »
February 13
Nigeria: Naira Hits New Low At Official Market
Naira fell to N1,534 at the official market on Monday, hitting a new record low in the segment. Read more »
February 08
Nigeria: What Is Driving Nigeria's Stock Market Boom?
The all-share index, which indicates the general market movement of stocks on the NGX, has hit several record levels since the middle of last year. Read more »
January 31
Nigeria: Naira Hits All-Time Low At Forex Markets
Naira slipped to an all-time low at the official and unofficial markets on Tuesday to trade N1,482.57 and N1,491.00 respectively Read more »
January 24
Nigeria: Nigerian Stock Index Crosses Record 100,000 Points As Big Gains Continue
The index has returned 31.9 per cent since the start of the year. Read more »
November 22, 2023
Nigeria: NCDMB Refutes Inaccurate Report About Shell, Other Int'l Oil Companies in Nigeria
A statement issued on Tuesday by Manager, Corporate Communications of NCDMB, Mr Esueme D Kikile in Yenagoa described the report as inaccurate and "a failure to understand the… Read more »
November 06, 2023
Nigeria: Naira Strengthens Across Fx Markets Amidst Move to Boost Supply
In recent months, the naira has weakened significantly in both the authorised and unauthorised market segments. Read more »
October 24, 2023
Nigeria: Tinubu Promises to Address Challenges in Financial Markets
"My government is not blind to the challenges several of you are facing in the financial markets", Mr Tinubu said. Read more »
October 20, 2023
Nigeria: Nigeria's Dollar Woes Leave Record N452 Billion Forex Loss Across Big Consumer Goods Companies
The highest exchange loss, N123.8 billion, was posted by consumer goods powerhouse Nestle Nigeria, which also saw the sharpest deterioration year on year. Read more »
October 19, 2023
Nigeria: 18% Tax-to-GDP Ratio - We Won't Increase Taxes, Adedeji Assures Companies
A statement by his Special Adviser on Media and Communication, Dare Adekanmbi, quoted the FIRS chairman as saying that the invited companies and those willing to voluntarily carry… Read more »
October 09, 2023
Nigeria: Lagos Reopens Ladipo, Oyingbo Markets, Others Shut Over Environmental Issues
Lagos State government sealed off Ladipo, Oyingbo, Alamutu Ologede, and Ile Epo markets over violation of environmental laws. Read more »
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