Economy
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CBN adopts new cash reserve measure
The Central Bank of Nigeria has said that it is stopping daily Cash Reserve Ratio debits and will be adopting…
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Naira Fall: Bank customers decry increasing hardship, reduced purchasing power
Bank customers resident in the Federal Capital Territory (FCT) have decried the continuous fall of the naira to the dollar.…
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Forex Crisis: Abuja BDC operators shut down operations over dollar scarcity
Bureau De Change operators have announced shut down of operations in Abuja as a result of unavailability of dollars. …
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Naira records biggest fall in official market, depreciates to N1348 per dollar
In apparent reflection of the dollar scarcity plaguing the economy, the Naira yesterday recorded its biggest fall in the official…
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Nigeria’s pension industry records remarkable leap, gains N3.36trn in 2023, fastest growth on record
Nigeria’s total pension asset gained a remarkable N3.36 trillion in 2023, closing the year at a record high of N18.36…
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FG has no plans to recruit ‘area boys’ to collect taxes – Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said the federal government…
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Foreign investors’ patience with Cardoso wears thin as reforms stall
Foreign investors’ patience with Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), is wearing thin over his reluctance…
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Naira hits record low at parallel market
The naira has hit a record low at the parallel section of the foreign exchange market. The local currency…
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Forex Scandal: EFCC probes $347billion funds, summons foreign firms
The Economic and Financial Crimes Commission (EFCC) is investigating at least $347billion allocated to companies in Nigeria between January 2014…
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Government revenue trapped in commercial banks – RMFAC chair
The Revenue Mobilisation Allocation and Fiscal Commission has said a substantial amount of government revenue remains trapped in the vault…
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