Business

The Central Bank of Nigeria (CBN) has added one more item to the 41 items not eligible for foreign exchange (forex).

The total value of capital importation into Nigeria stood at $2,855.21 million in the third quarter of 2018. This was a decrease of 48.21% compared to Q2 2018 and a 31.12% decrease compared to the third quarter of 2017.

First Bank of Nigeria Limited has expressed its commitment to the growth of the agricultural value chain and creating opportunities for the Small and Medium Enterprises (SMEs) to thrive in the country.

Nigerian Breweries Plc has announced the appointment of two new Non-Executive directors to its Board of Directors.

The Nigerian National Petroleum Corporation (NNPC), on Tuesday said it was engaging with oil marketers to settle the issue of subsidy payments, hence calling on the general public to discountenance the threat of causing fuel scarcity made by the marketers.

The ongoing trial between embattled telco-giant, MTN Nigeria and the Attorney General of the Federation over a $2 billion tax demand has been adjourned to February 7, 2019, as the presiding judge, Justice Saliu Saidu, was away on administrative leave.

MTN faces a $2 billion tax demand from Nigeria’s Attorney General, a claim the company has vehemently denied.

It was gathered that the Federal Government is yet to file a full reply to its suit, but the company had filed an injunction asking the court to restrain the government from “disturbing or otherwise interfering with the business of the company.”

It was gathered that the Federal Government is yet to file a full reply to its suit, but the company had filed an injunction asking the court to restrain the government from “disturbing or otherwise interfering with the business of the company.”