The Central Bank of Nigeria (CBN), has again, raised the currency rate that is applied when determining customs charges at the nation’s seaports. Data from the Nigeria Customs Service’s official trade portal indicates that yesterday, Monday, February 12, the exchange rate was raised from N1,417.635 per Dollar to N1,444.56 per Dollar, reports D...
The federal government said yesterday it was considering importation of food as a critical option on the table to halt the high cost of items in the country in order to ameliorate the sufferings of Nigerians. In the interim, the government has ordered the immediate release of 102,000 metric tonnes of rice and maize from […]
Nigeria spent N2.7 trillion to import premium motor spirit (PMS), diesel and jet fuel in the third quarter of 2023, data by the National Bureau of Statistics (NBS) has shown. Coming amidst the inability to overhaul the country’s refineries, white products have remained the largest import of the country, reports The Guardian. The total import [...
The Benue State government has raised the alarm over the importation of live rats into the state. The government warned that individuals behind the trade are exposing the people of the state to Lassa fever outbreak. The State Epidemiologist, Dr. Terungwa Ngishe expressed the worry while speaking at a one-day Sensitisation Engagement on Antimic...