Good morning, here are the latest top business news headlines for today Tuesday, September 2021.
Naira Sells For N575/$1 At Parallel Market
The exchange rate of the Naira at Bureaux De Change operators (BDCs), popularly referred to as ‘abokis’, on Monday sold at N575 to the US dollar at the parallel market.
According to TheCable, its findings showed that the Naira presently trades at…Read more
NPA Raises Alarm Over Collapse Of Tin Can Island, Onne Ports Infrastructure
The Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko, has stated that Tin Can Island, Onne, Delta, and Calabar ports infrastructure are collapsing and need funds for repair.
This was made known by the NPA General Manager, Corporate and Strategic…Read more
FMDQ Group Holds 9th Annual General Meeting
2020 was undoubtably challenging, with the outbreak of the COVID-19 pandemic, and the attendant turbulence in the global and domestic economic landscapes.
With a GDP contraction of 1.79% in 2020, a significant decline from the…Read more
Buhari Sets Up Board, Management of NNPC
The board and management of the Nigerian National Petroleum Corporation (NNPC) have been assented to by President Muhammadu Buhari.
Helming the management is Senator Ifeanyi Ararume, who will serve as…Read more
e-Naira: CBN Advised To Test Run Digital Currency Before Launch
The Central Bank of Nigeria has been urged to test run its proposed e-naira, Nigeria’s digital currency before it is fully released for public use.
Giving this advice was Comercio Partners, a fixed income securities and equities…Read more
Sekibo Urges Govt, Stakeholders To Prioritise SMEs, Youth Entrepreneurship
Bridging the gap to attain sustainable solutions to economic recovery will be the most impactful route to drive lasting and meaningful growth; for this to be achieved, the creation of opportunities, conscious inclusion of Small and Medium Enterprises (SMEs) and youth entrepreneurship are crucial.
MD/CEO of Heritage Bank Plc, Ifie Sekibo gave this submission on the sidelines of…Read more
Expert Says Nigeria’s Current Tax Model No Longer Obtainable Globally
The National Coordinator, Association of Concerned Citizens of Nigeria on Revenue and Economy, Orji Philip Orji, who is also a tax expert has said that Nigeria’s current tax model was outdated and no longer obtainable in the world.
He asserted this in a chat with journalists in Abuja, calling for a…Read more
CBN’s Directive On Forex: Another Curve For Businesses, Households
The recently introduced policy on foreign exchange by the Central Bank of Nigeria channeling the flow of forex through commercial banks has reset how households and businesses access this commodity in order to transact with the rest of the world.
The value of the Naira has spiraled to an unprecedented and unimagined…Read more
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