Economy
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Tinubu’s $21bn loan debt trap for Nigeria – ADC coalition
The African Democratic Congress, Sunday, condemned what it described as the “fiscal vandalism” of President Bola Tinubu’s administration, following the…
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Nigeria’s debt-to-GDP shrinks to 39.4% in Q1 2025 after rebasing
Nigeria’s public debt-to-GDP ratio dropped to 39.4% in Q1 2025, following the successful rebasing of the country’s Gross Domestic Product…
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Rebasing economy without growth is economic deception, By Sunny Onuesoke
In recent times, conversations around economic rebasing have returned to the forefront of national discourse. Many governments, particularly in…
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JUST IN: CBN retains interest rate at 27.5%
The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 per cent with all…
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Nigeria ranks Africa’s fourth largest economy despite rebasing
Despite the rebasing of Nigeria’s Gross Domestic Production (GDP), the country still retains its position as the fourth largest economy…
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Zenith Bank responsible for delay in civil servants’ June salaries – FG
The office of the accountant-general of the federation (OAGF) says it is addressing recent complaints regarding the non-receipt of June…
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Presidency blasts IMF over report on inflation, poverty
The Presidency, yesterday, faulted the International Monetary Fund, IMF, over what it described as very harsh assessment of Nigeria’s economic…
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CBN clarifies NRBVN charges for Nigerians in diaspora
The Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification…
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Trump’s proposed extra 10% tariff against BRICS puts Nigeria’s ‘struggling’ economy at further risk
Nigeria’s ‘struggling’ economy is likely to take a fresh downturn if the United States President, Donald Trump, follows through with…
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World Bank raises fresh alarm over rapid growth of poverty in Nigeria
The World Bank has raised a worrisome alarm on the rapid growth of extreme poverty in Nigeria. The Bank warned…
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