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Oyetunji Abioye the naira rose to 445 against the United States dollar at the parallel market on Sunday, one week after the Central Bank of Nigeria introduced a new policy measure aimed at boosting foreign exchange supply in the market. The local currency, which had tumbled to 520/dollar last Monday, ...

Olalekan Adetayo, Abuja The Corporate Affairs Commission has consolidated the forms required to incorporate a business in Nigeria. It has, therefore, reduced the number of the forms from seven to one. A statement on Sunday by the Enabling Business Environment Secretariat quoted the Special Adviser to the Commission’s Registrar General, ...

Adelani Adepegba and Ramon Oladimeji The Senior  Special Assistant to the President  on Foreign  Affairs and Diaspora Matters, Mrs. Abike Dabiri-Erewa, has called on the South African Government to educate its citizens on the contributions of Nigeria to the former apartheid enclave. She noted that Nigeria and South Africa had ...

With N72 billion, 16 banks funded $220 million Central Bank of Nigeria (CBN) allocations under the Forex Forwards policy meant to stabilise the naira, it was learnt yesterday. Banks are calling for bids from retail end-users in preparation for the business travel allowances, school fees and medical bills auction. The ...

•Two Chinese arrested Two Chinese are to be prosecuted for their involvement in the importation of fake and substandard tyres worth N5 billion into the country MessrsTaolung Shen and Xu Jing Yao were arrested and their company Sino Nigeria Import and Export Limited’s warehouse in Lagos sealed by the Standards ...

The Federal Government aims to raise the proportion of the government spending on infrastructure to 30 percent from 10 percent and to mobilise private capital for additional funding, Finance Minister Mrs Kemi Adeosun said at the weekend. The government plans to spend N7.29 trillion in the year, up from N6.06 ...

The Central Bank of Nigeria, CBN, says it has sold $221.37 million to 16 banks through the interbank foreign exchange (forex) market. The apex bank disclosed this in its Forex Forward Sales Report on the second wholesale intervention, obtained by the News Agency of Nigeria on Sunday in Abuja. It ...

Two Chinese nationals, Taolung Shen and Xu Jing Yau are now telling the police in Lagos all they know about the over N5bn substandard tyre stuffing business which they had been doing in Lagos, Nigeria The two were paraded before reporters at the weekend following their arrest, and the sealing ...

As part of efforts aimed at ensuring and maintaining a hygienic and conducive environment within abattoirs and wholesomeness in the sales of red meat in the state, Lagos State government has trained no fewer than 400 butchers and live cattle dealers drawn from various abattoirs and slaughter slabs in the ...

Os garis da Companhia de Limpeza Urbana do Rio de Janeiro (Comlurb) recolheram 164 toneladas de lixo nos trajetos dos blocos carnavalescos, nos bailes de rua e nos desfiles das escolas de samba na Marquês de Sapucaí ontem (25), primeiro dia do carnaval carioca. De acordo com a prefeitura, a ...