Foreign exchange reserves climbed by 30 per cent to hit a more than 32 month high of $42.56bn by October 29, the latest figures from the Central Bank of Nigeria showed on Wednesday. Forex reserves in Nigeria stood at $32.72bn last year; the reserves rose by 3.4 per cent from […]
World News
Nigerian naira trades flat against dollar on inflows
Nigeria’s naira traded flat against the U.S. dollar on the interbank on Wednesday as expectations of dollar inflows from energy companies and offshore investors buying local debt provided forex liquidity, dealers said. The naira closed at 157.10 to the dollar, the same level it closed on Tuesday. Dealers said the […]
FIRS introduces new income tax regulations
The Federal Inland Revenue Service has filed in the gazette a new regulation, titled Income Tax (transfer pricing) Regulations to ensure that Nigeria is able to tax businesses on an appropriate basis corresponding to the economic activities carried out in the country. According to a statement made available to our […]
