The Central Bank of Nigeria has vowed to engage financial crime fighting agencies to pursue fraudsters who have been deceiving the banks with fake documents to buy forex at cheap rates and sell at higher rates at the black market, newsmen have reported.
The short respite felt by petroleum products consumers in parts of the South East has come to an abrupt end.
The Lagos State Inland Revenue Service has said it is ready for Value Added Tax collection.
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.
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.