Cost of collection was allocated at N62.419 billion, while deductions for savings, transfers, refunds and tax credit cancellation was at N717.962 billion.
Nigerian President Bola Tinubu’s office said on Thursday that there would be no more hikes in the price of petrol...
This move is expected to provide more stability and transparency to exchange rate fluctuations...
This was disclosed at a multi-stakeholders roundtable on the approval of the agency’s 2022 industry report.
The naira has hit a significant decline since the Tinubu administration ended petrol subsidy and unified all segments of foreign exchange market.
The meeting was held to discuss ways in curbing the steady rise of exchange rates as the dollar and naira in the country.
A presidency official revealed that the “realistic” amount of petrol consumed in the country is now...
The July 2023 rate showed an increase of 1.29% points when compared to the previous month’s which was 22.79%
...fresh plans to raise the price of petrol from the current N617 per litre to between N720 and N750 per litre.
The acting CBN governor shared his belief that the changes in the market are driven mostly by speculative demand...