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Business News Roundup: 20th September, 2021
outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
Business News Roundup: 14th September, 2021
outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
Here are the Headlines:
Senate approves N1.68tr revenue target for Customs in 2021
Nigeria business environment over-regulated – NESG
Nigerian govt to end fuel subsidy by June
Summary:
Nigeria’s naira gained against the U.S. dollar at the unofficial market on Thursday.
The data posted by Abokifx showed that the naira closed at N485.00 at the black market, this represents a N1 appreciation from N486, the rate it exchanged on Wednesday. Read more
The Senate on Wednesday approved the sum of N257.18 billion as the Nigerian Customs Service budget for 2021.
The upper legislative chamber also approved the N1.678 trillion revenue target for the service this year. Read more
Here are the Headlines:
US SEC nominee disagrees with CBN on bitcoin
Naira plunges further against US dollar by N2.33
Emefiele accuses IMTOs of forex diversion
Summary:
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of Diaspora remittances into the country.
The CBN’s Director of Trade and Exchange Department, Saleh Jubrin, who announced the scheme tagged: “Naira 4 Dollar Scheme,” in a circular to banks in the country, said it would allow all recipients of Diaspora remittances to be paid N5 for every one dollar received. Read more
The nominee for United States’ Securities and Exchange Commission (SEC), Gary Gensler, has described bitcoin as a catalyst for change.
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