Economy
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99 per cent of wealthiest Nigerians evade tax – Report
The Oxfam International in Nigeria and the Civil Society Legislative Advocacy Centre (CISLAC) have said that implementing a progressive wealth…
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FG must sustain reforms despite hardship being experienced by Nigerians – World Bank
The World Bank Vice President and Chief Economist, Mr. Indermit Gill said Monday that the federal government should sustain ongoing…
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Togo, Benin Republic owe Nigeria nearly $6m in electricity power bill
Nigeria is being owed $5.79 million power debt for the second quarter of 2024 (Q2 2024) by Togo and Benin…
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How Tinubu govt borrowed $6.45bn from World Bank in 16 months – Report
The federal government, under the leadership of President Bola Tinubu, has secured loans worth $6.45 billion from the World Bank…
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Cardoso champions We-Fi Code declaration for women entrepreneurs
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged stakeholders in the financial ecosystem to…
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CBN is serious about fair, efficient markets – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank’s decision to implement…
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CBN’s MPR Hike: A catalyst for Abia State economic transformation
The Central Bank of Nigeria’s (CBN) recent decision to raise the Monetary Policy Rate (MPR) to 26.25% has significant implications…
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ExxonMobil unveils $10bn deep-water investment plan in Nigeria
Vice President Kashim Shettima has welcomed ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, describing it as a…
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Nigeria’s Naira, Zambian Kwacha, Angolan Kwanza worst performing currencies in the world
Recent data compiled by Bloomberg analysts about the top 10 worst-performing currencies globally have revealed the level of economic challenges…
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CBN clarifies controversy over policy document
The Central Bank of Nigeria has made some clarifications regarding the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines For…
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