Anambra Approves Tax Exemption For Business Less Than N100,000

  The government of Anambra State has approved has approved tax exemptions for businesses with capital less than N100,000, aiming to bolster local entrepreneurship. Additionally, the administration is set to grant local governments greater authority in managing sanitation across the state. The state Commissioner for Information Law Mefor, disclose this in a press statement following…

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CBN Raises Interest Rate To 27.5 %

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR) by 25 basis points to 27.50 percent from the previous rate of 27.25 percent. Mr Yemi Cardoso Central Bank of Nigeria Governor who announced this at a press conference on Tuesday said the MPC retained…

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Naira drops to N1,770/$ in parallel market

The Naira experienced a depreciation on Monday, dropping to N1,770 per dollar in the parallel market, compared to N1,750 per dollar observed last weekend. In a similar trend, the Naira fell to N1,675.62 per dollar in the Nigerian Autonomous Foreign Exchange Market. According to data from FMDQ, the indicative exchange rate for NAFEM increased from…

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