Economy
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Naira slumps again against dollar at black market after major gain penultimate week
The Nigerian official currency, Naira, has nosedived again against the United States dollar, trading at ₦560 per dollar, weeks after…
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President Buhari okays N656.11bn fresh bailout for 36 states
President Muhammadu Buhari has approved a fresh N656.112billion Bridge Financing Facility to the 36 States. This was announced Thursday at…
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Nigeria to receive $17.6bn inflows — World Bank
The World Bank has estimated that remittance inflows into Nigeria increased to $17.6billion this year from $17.21billion last year. The…
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Food inflation: Six million more Nigerians being pushed into poverty, World Bank raises the alarm
The World Bank has said that the rising prices of food items in the country could push additional six million…
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Federation Account: October revenue drops as FG, States, LGs share N671.910bn
The Federation Account Allocation Committee (FAAC) has shared a total of N671.910 billion to the federal, state and local governments…
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South-East residents paid highest average price for petrol in October — NBS
The National Bureau of Statistics (NBS) says South East residents paid the highest average price for Premium Motor Spirit (PMS),…
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eNaira may reduce deposits in commercial banks, IMF warns CBN
The International Monetary Fund has said the eNaira wallet may function as a deposit at the Central Bank of Nigeria…
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Invest in Nigeria’s growing economy, Osinbajo urges diasporans
The Vice President of Nigeria Prof. Yemi Osinbajo says the Nigeria Diaspora Investment Summit in its four years, is unarguably…
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FG to inject $600m Innovation Fund to boost Nigerias digital economy
The Federal Government has revealed plans to boost the industry with $600million Innovation Fund from the African Development Bank (AfDB).…
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FG to auction N150bn bonds in November
The Debt Management Office (DMO) said that the Federal Government will offer N150billion bonds for subscription this November. A circular…
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