President Buhari seeks fresh borrowing as budget deficit set to hit N7.35trn
President Buhari has written to the House of Representatives seeking an increase in the 2022 budget deficit to be financed through borrowing from the domestic market.
In a letter...
Export/import e-invoicing to become operational February 12 – CBN
The Central Bank of Nigeria (CBN) has unveiled guidelines for the e-Valuator and e-Invoice to replace hard copy invoices for both exports and imports.
This was conveyed...
Nigeria reclaims top crude oil production spot in Africa – OPEC
Nigeria has reclaimed the top spot among crude oil-producing countries in Africa with the nation producing an average of 1.27 million barrels per day in...
Nigerian Government to end petrol subsidy June 2022 as World Bank condemns N2.9tn funding
“This year, Nigeria is on track to spend N2.9tn on PMS subsidy, which is more than it spends on health”
The World Bank has decried...
abokiFX suspends rate updates to see if it’ll help Naira rise again
PRESS RELEASE
ABOKIFX MANAGEMENT DECISION
abokiFX is fully functional BUT we will not be publishing any form of rates on our platforms for now.
abokiFX has taken...
