Emeka Ejere || A tariff on car imports aimed at boosting local production has reduced the number of vehicles brought into Nigeria this year by a quarter but fuelled smuggling…
Read More Car tariff reduces imports, fuels smuggling – NPA
Category: Economy
Nigeria seeks to amend deep offshore oil act to raise crude revenue
Emeka Ejere || Nigeria is seeking to amend a law on deep offshore oil exploration and drilling, aiming to increase government revenue from crude sales when prices exceed $20 a…
Read More Nigeria seeks to amend deep offshore oil act to raise crude revenue
Investors concerned about Nigeria controls, but not giving up – IMF
Emeka Ejere || Worries about repatriating funds out of Nigeria following currency controls last year still dominates investor fears, the International Monetary Fund (IMF) said on Wednesday. But it added…
Read More Investors concerned about Nigeria controls, but not giving up – IMF News Analysis: Unfazed by OPEC, Nigeria, Libya seek to boost oil output
Emeka Ejere || Less than two weeks after OPEC’s decision to extend oil production cuts, Libya and Nigeria – the only two exempt members of the group – are signalling…
Read More News Analysis: Unfazed by OPEC, Nigeria, Libya seek to boost oil output
Forex Market gets another $210m boost from CBN
The interbank window of Nigeria’s Foreign Exchange market on Tuesday, December 12, 2017, received yet another boost of $210,000,000.00 from the Central Bank of Nigeria (CBN). According to figures obtained…
Read More Forex Market gets another $210m boost from CBN