Lagos preparing for VAT collection, says LIRS

The Lagos State Inland Revenue Service has said it is ready for Value Added Tax collection.

Naira Slumps To N570/$1 As Scarcity Bites Harder

THE gap between the official and unofficial market exchange rates widened to N157.94 at the close of business on Thursday September 16, 2021, as one dollar exchanged for N570.00 due to scarcity of the greenback.

Manufacturers’ confidence in economy improves amid forex, inflation challenges

Despite improved confidence in the economy as shown in the latest Manufacturers Confidence Index (MCCI) by local manufacturers, there are concerns about the unabating liquidity crisis in the productive sector, especially as it relates to access to foreign exchange.

Saudi Arabia has been kind to Nigeria – Buhari

Nigeria’s president, Major General Muhammadu Buhari (retd.), has said Saudi Arabia has been quite kind to Nigeria by reducing their level of oil production.

Naira weakens to 532/dollar despite rising forex reserves

The Nigerian currency weakened further against the dollar at the parallel market on Monday despite the rise in the country’s foreign exchange reserves.

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