Economy

FG to probe claims of tax evasion by mining companies in Osun 

The state government had charged the company to court for unethical business practices, and tax evasion amounting to approximately $1.9 million. 

CBN sells $543 million to banks to check forex market volatility 

The sale was to reduce volatility driven by high demand for commodity imports and seasoned demand for forex.  

FG targets 4m bpd oil production, 10bcf of gas by 2030

This feat is expected to be achieved through the commitment to reform agenda, and unprecedented incentives for oil and gas production unveiled by President Bola Tinubu’s administration.

Naira depreciates by 8.24 percent against dollar at official market 

The naira on Wednesday, October 2, 2024, depreciated at the official market, trading at N1,669.15 to the dollar. Data from the official trading platform of...

Botswana envoy pledges to deepen trade cooperation with Nigeria 

Nigeria is a critical partner to Botswana, with both countries signing an agreement on October 17, 2018, to deepen cultural and diplomatic relations.

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