Tuesday, October 23, 2018

Tag "Economic Community of West African States"

    EXCLUSIVE: FG to return excise duty on recharge cards, fruit juice

EXCLUSIVE: FG to return excise duty on recharge cards, fruit juice

The federal government will re-introduce excise duty on some goods manufactured in the country and excisable imported goods in line with the directive of ECOWAS council of ministers.In a letter addressed to President Muhammadu Buhari and seen by TheCable, Kemi Adeosun, minister of finance, said spaghetti and noodles would be exempted from the changes.Adeosun said noodles and spaghetti were exempted [...]

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    World Bank commits N32bn to Ebola fight

World Bank commits N32bn to Ebola fight

The World Bank says it has earmarked the sum of N32bn ($200m) to support West Africa's fight against the spread of Ebola.The support is a response to calls from the three West-African countries hardest-hit by Ebola and the World Health Organisation (WHO) for immediate assistance to contain the outbreak.President of the bank, Dr. Jim Yong Kim, said in a statement that the fund [...]

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    Political unrest undermining Africa, says AfDB

Political unrest undermining Africa, says AfDB

The African Development Bank (AfDB) has lamented that political and social unrest in some African nations is tainting investors’ views of risk on the entire continent, thereby undermining the region’s prospects for economic growth prospects.This was revealed in a report titled African Economic Outlook 2014, co-written by the Organisation for Economic Co-operation and Development (OECD) and the United Nations (UN), [...]

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Exchange Rates

October 23, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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