Economy
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CBN unveils BVN platform for Diaspora Nigerians
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially inaugurated the Non-Resident…
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NNPC remitting only 50% of subsidy proceeds to federation account – World Bank
The World Bank has revealed that the Nigerian National Petroleum Company (NNPC) Limited is remitting only 50 per cent of…
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FG increases domestic borrowing to N10.85trn despite public concerns •Deficit to escalate as oil revenue underperforms
In spite of mounting concerns over the huge level of the country’s public debt, and the severe impact of rising…
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State of Economy: Tinubu blames Buhari, says ‘I inherited near-empty treasury,’ defends economic reforms
President Bola Tinubu on Thursday stated that his administration inherited a “near-insolvent” treasury and a chaotic economic structure upon assuming…
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Nigeria obtains additional $215 million World Bank loan for palliatives
The World Bank has disbursed additional funds to Nigeria under the $800 million National Social Safety Net Programme-Scale Up, raising…
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PenCom urges Sanwo-Olu to implement pension increases for CPS retirees
The National Pension Commission (PenCom) has urged the Lagos State Governor, Babajide Sanwo-Olu, to extend periodic pension increases currently enjoyed…
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Tinubu bans importation of foreign goods also produced in Nigeria
President Bola Tinubu has ordered a ban on importation of foreign goods, especially those that can be produced locally in…
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Nigeria’s GDP per capita falls to $824, worse than 1960 levels – AfDB President Adesina
The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has warned that Nigeria is facing a deeper economic…
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Nigeria records $15.2bn net FX inflow
Nigeria posted a net foreign exchange, FX, inflow of $15.2 billion in the first quarter of 2025, reflecting renewed investor…
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FGN bond demand declines as inflation raises rate hike concerns
The Debt Management Office (DMO) faced less enthusiasm from investors at its April FGN bond auction, with total bids less…
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