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 […]
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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 […]
Nigeria naira hits 3-week high on offshore dollar sales
Nigeria’s naira currency hit a three week high against the U.S. dollar on the interbank market on Monday, supported by low demand for hard currency and dollar inflows from foreign banks. The naira closed at 157.05 to the dollar on the interbank, firmer than the 157.30, it closed at on […]
