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Dollar To Naira Exchange Rate For Today 02 September 2022

Find below, Dollar to Naira exchange rate for today, 2 September 2022.

Lifestyle Nigeria has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.

What Is The Official Exchange Rate For Dollar To Naira Today?

The exchange rate between the Naira and the US dollar according to the data released on the FMDQ Security Exchange the official forex trading portal showed that the Naira opened at ?429.00 per dollar on Thursday, September 1, 2022, and closed at ?430.00 per $1 on Thursday, September 1, 2022.

Exchange Rate of Dollar To Naira in The Parallel Market

Even though the dollar opened in the parallel market for ?702 per $1, the CBN does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

“The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get it,” said the CBN Governor, Godwin Emefiele.

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FG Set To Amend National Tax Policy – Oyedele

 

Lifestyle Nigeria gathered that the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has disclosed amendment plans to the National Tax Policy.

Oyedele announced this on Tuesday in a post on his X handle @taiwoyedele.

He said the amendment formed part of the ongoing fiscal and tax reform efforts by the committee.

Oyedele revealed that the committee is seeking public interest to attend a policy exposure and impact assessment between May 2nd and 6th in Lagos and Abuja respectively.

He added that the committee has also drafted new tax laws and submitted proposals for the constitutional amendment of the tax legislation.

He said, “As part of our ongoing fiscal and tax reforms, and based on inputs from our consultations and public engagement, we are revising our National Tax Policy.

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How police officer involved in kidnapping 5 children was nabbed in Abuja

An Assistant Superintendent of Police simply identified as ASP Kulu, alongside her accomplice, one Elizabeth, has been arrested by the Federal Capital Territory (FCT) Police Command for allegedly abducting five children, including a less than two-week-old-baby girl from Sokoto State. 

The children include three toddlers under the ages of two,  a five-year-old named Asmau Ya’u, and the previously mentioned week-old baby.

The 5-year-old was reportedly abducted while she was on her way to an Islamiyya school in Sokoto.

The women sparked suspicion while traveling from Sokoto to Abuja in an 18-seater bus, as fellow passengers observed that none of the women could breastfeed the crying infant.

 A co-traveler who gave his name as Abba Danbaba and Comrade Nura Mukhtar of Human Rights Network Nigeria told DaiilyTrust, “On that Saturday (April 27), as we were traveling, we noticed that the children were in a frenzy and couldn’t talk.

“So, as we alighted at Deidei, we queried them to prove if they were their biological children to which they answered in the affirmative. The ASP said she couldn’t breastfeed the toddler because she’s been battling breast disease. 

“We then alerted Deidei police division who took the suspects to Gwagwa division and on Monday (April 29), they were transferred to FCT command alongside the abducted children.”

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FG Signs Executive Order To Unlock $10bn Investment In Oil And Gas

 

Lifestyle Nigeria gathered that president Bola Tinubu has said he has signed an Executive Order to unlock up to $10bn fresh investments in the nation’s oil and gas sector.

Speaking at the opening of a two-day retreat on economic transformation and development organised by the House of Representatives, the President on Tuesday said the development will come through fiscal incentives for non-associated gas, midstream and deepwater oil and gas.

Represented by his Chief of Staff, Femi Gbajabiamila, Tinubu also disclosed that a week ago, the Federal Government signed the consolidated guidelines for implementing fiscal incentives for the oil and gas sector.

He said, “The Executive Order streamlines contracting processes, procedures, and timelines from 36 months to six months. The order also seeks to ensure that local content requirements are implemented without impeding investments or the cost competitiveness of oil and gas projects”.

He also noted that many reforms are being implemented to reposition the country’s tax administration.

“All of these have the same objective – to reduce government interference with the commercial imperatives of businesses in the country so that businesses based here can be competitive and focus on their core objectives of economic growth through innovation and trade.

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