Economy
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PenCom, NERC partner to enforce pension compliance by GENCOs, DISCOs
The National Pension Commission (PenCom) has enlisted the support of the Nigerian Electricity Regulatory Commission (NERC) to prevail on electricity…
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More Nigerians will become poor by 2027 — World Bank
The World Bank has projected that poverty will increase in Nigeria by three percentage points in five years to 2027.…
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Tinubu’s tough economic reforms yet to benefit poor – IMF
The International Monetary Fund (IMF) said on Friday that the Nigerian government’s tough economic reforms have yet to benefit the…
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CBN announces $6.83bn balance of payments surplus in 2024, signaling economic resurgence
The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024…
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PenCom DG to IMF: N5.51trn pension investment boosting Nigeria’s real sector growth
The Nigerian pension industry has committed a total of N5.51 trillion to asset classes that support long-term financing for real…
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$79.5bn Loss: Binance prays court to set aside order for FIRS to serve it
Binance Holdings Ltd. has prayed the Federal High Court in Abuja to set aside the ex-parte order granted the Federal…
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Nigeria’s debt hits record N145trn over rising borrowings
Nigeria’s total public debt reached its highest on record as Africa’s most populous nation continues to rely on borrowings to…
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Trump’s tariff threatens $10bn US-Nigeria trade
The newly imposed 14 per cent tariff by US President Donald Trump on exports by Nigerian businesses presents a significant…
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World Bank approves Nigeria’s $1.13bn loan request
The World Bank says a total of a $1.13 billion loan request from Nigeria has been approved. According to…
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CBN reports strongest net reserve position in over three years
The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as…
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