Business

CBN’s Foreign Currency Collateral directive: NACCIMA insists Customs charge duties in Naira

CBN’s Foreign Currency Collateral directive: NACCIMA insists Customs charge duties in Naira   The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture has demanded that the duties collected by the Nigeria Customs Service be charged in Naira rather than in foreign currency. NACCIMA President, Dele Oye, stated this[Read More…]

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Air Peace chairman alleges big players on Lagos-London route slash prices below cost of operations to cripple the Nigerian carrier

Air Peace chairman alleges big players on Lagos-London route slash prices below cost of operations to cripple the Nigerian carrier Can Air Peace survive the tough competition mounted against it by big Airlines including British Airways, Virgin Atlantic, Air France and KLM? Shortly after Air Peace began flying to London[Read More…]

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FCMB Funds ReelFruit’s Plant To Promote Sustainable Manufacturing 

FCMB Funds ReelFruit’s Plant To Promote Sustainable Manufacturing  First City Monument Bank (FCMB) has financed the newly inaugurated dried fruit manufacturing plant of Nature’s Bounty Health Products Limited(ReelFruit) in Abeokuta, Ogun State to promote sustainable manufacturing practice in the country. Sustainable manufacturing minimises negative environmental impact while conserving energy and[Read More…]

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Wife of detained Binance executive writes Nigeria Government to release husband

  Wife of detained Binance executive writes Nigeria Government to release husband Yuki Gambaryan, Wife of the detained Binance Holdings Limited executive, Tigran Gambaryan, Binance’s head of financial crime compliance, has pleaded with the Nigerian government release her husband.   Mrs Gambaryan, in a letter to the Nigerian government on[Read More…]

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