Import clearance costs increase by 23% due to exchange rate volatility

  Import clearance costs increase by 23% due to exchange rate volatility The cost of clearing imports went from ₦1,150.16/$ on April 23, 2024, to ₦1,412.6/$ on May 8, 2024, a 23% rise in just 16 days. Due to currency changes, import clearance fees for Nigerian manufacturers and importers have increased by 23 percent. After the 2023 Customs Act went into effect, importers started to notice that the cost of clearing their goods was going up. The Act gave the Central Bank of Nigeria (CBN) the authority to determine the…

Senate Moves To Investigate $18.5 Billion Abandoned Abuja Centenary City Project

Senate Moves To Investigate $18.5 Billion Abandoned Abuja Centenary City Project The Senate has established a seven-member ad hoc committee to investigate the reasons behind the delay in the $18.5 billion Abuja Centenary Economic City project, a decade after it began. The committee was formed after Senator Ashiru Yisa, the Deputy Senate Leader, put forward a motion titled ‘Urgent need to revive and complete the stalled Centenary City Project, to realize its economic and development potential’. Yisa, during his presentation, emphasized the significance of the Abuja Centenary Economic City project,…

Rivers Crisis Deepens As APC Ask Assembly To Begin Proceedings For Fubara’s Impeachment

Rivers Crisis Deepens As APC Ask Assembly To Begin Proceedings For Fubara’s Impeachment The Rivers State chapter of the All Progressives Congress, APC, has instructed the state House of Assembly to immediately initiate the impeachment process against the state Governor, Siminialayi Fubara. This directive was announced on Tuesday by the Rivers caretaker committee, CTC, of the party, led by Tony Okocha, in Port Harcourt. It is worth noting that the governor had criticized the Assembly, led by Martin Amaewhule, stating that the lawmakers no longer hold the status of legislators…

An R189,000 victory at Tusk Casino puts a South African online casino player in the gold

    An R189,000 victory at Tusk Casino puts a South African online casino player in the gold Tusk Casino is pleased to announce the incredible win of Adelheid, a dedicated player from South Africa, who spent only R100 on the well-known casino slot game, Gate of Olympus, and won an incredible R189,000 in an exciting display of skill and luck. Adelheid’s journey to this noteworthy victory was made possible by his cooperation with SouthAfricanCasinos.co.za, the leading online casino and gaming resource created especially for gamers in South Africa. Since…