Economy
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CBN secures judicial approval over frozen accounts of fraudulent companies
The Central Bank of Nigeria (CBN) has secured a judicial backing from the Federal High Court, Abuja against companies, whose…
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Amidst soaring prices of commodities, inflation reportedly drops for fourth consecutive month — NBS
The National Bureau of Statistics (NBS) said inflation dropped by 0.37 per cent to 17.38 per cent in July, from…
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FG to borrow N5.62trn to finance deficit in 2022 budget
The Federal Government has submitted a proposal to borrow the sum of N5.62 trillion to finance deficits in the 2022…
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Buhari signs Petroleum Industry Bill into law
President Muhammadu Buhari on Monday, signed the Petroleum Industry Bill 2021 into law. Working from home in five days quarantine…
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Foreign reserves resume decline after rising to $33.59bn
The foreign exchange reserves of Nigeria have started declining again after rising to $33.59billion, the highest level in more than…
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Unclaimed dividend hits N170bn — SEC
Unclaimed dividends in the Nigerian capital market rose to N170 billion as at December, 2020, said the Securities and Exchange…
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World Bank classifies Nigeria, nine others high-debt risk nations
The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure.…
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Nigeria loses N150.46bn in two months to Twitter ban
Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on…
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Maritime: Stakeholders harp on need for collaboration in harnessing potential, opportunity of blue economy
Stakeholders in the Maritime Sector have called for collaboration and support for fishermen and the fishing industry in the country,…
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Senate uncovers irregularities in Nigeria’s N1.1trn investment in foreign financial institutions
The Senate has uncovered irregularities in the Federal Government’s N1.1trillion investments in Crown Agents Bank and some other financial institutions…
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