Economy
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Naira continues its downward spiral, falls to N1,620 per dollar in parallel market
THE naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,615 per dollar on Tuesday. Similarly,…
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PenCom DG denies giving FG N10trn loan
Director-General (DG) of the National Pension Commission (PenCom), Aisha Dahir-Umar, has debunked reports that the commission gave the federal government…
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CBN reports upsurge in dollar inflow as remittances quadruple, foreign investors return
The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February 2024,…
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767 manufacturers shut down in 2023 – MAN
The Manufacturers Association of Nigeria has said that 767 manufacturers shut down operations while 335 became distressed in 2023. …
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Nigeria’s economy not distressed, says President Tinubu
President Bola Tinubu has challenged the notion that the Nigerian economy is in distress, highlighting the progress so far and…
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Address food insecurity with immediate priority — IMF warns FG
The International Monetary Fund (IMF) says addressing food insecurity should be an immediate priority for the Nigerian government. The…
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Floating of Naira worst economic decision — PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has said the decision to float the nation’s currency…
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How FG caused naira free-fall — Governor Otti
Abia State Governor, Alex Otti, has lamented the free fall of the naira, saying the Federal Government printed too much…
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Binance will destroy Nigeria’s economy if not stopped – Onanuga
Presidential spokesman, Bayo Onanuga, says if not stopped, cryptocurrency trading website Binance will destroy the Nigerian economy by arbitrarily fixing…
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Interest Rate Hike: Private sector, economists foresee fresh job losses, recession
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 400…
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