Economy
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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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Nigeria’s non-oil export falls by 24% to $4.46bn — CBN
Nigeria’s Non-Oil exports earnings fell by 24 per cent, year-on-year, YoY, to $4.46 billion in nine months to September 30th…
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More multinationals may leave soon, puts FG N3trn tax revenue, thousands of jobs at risk – Report
Unless audacious steps are taken to fix the ailing Nigerian economy and halt the exodus of multinational firms, the country,…
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CBN set to hold first MPC meeting under Cardoso
The Central Bank of Nigeria (CBN) has held a two-day strategic session for members of the Monetary Policy Committee (MPC)…
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FG’s lack of sensible policies affecting states’ economic progress – Sanusi
Former Emir of Kano and ex-Governor of the Central Bank of Nigeria, His Highness Muhammad Sanusi II, has been appointed…
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Nigeria loses nothing from oil companies’ asset divestment, says Minister
Following the mass divestment of assets belonging to some International Oil Companies (IOCs), the latest being Shell Petroleum Development Company…
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FX crisis plunges Nigeria’s non-oil exports to $4.5billion
The value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023, the Nigerian Export Promotion Council…
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CBN tackles FX transactions abuses in clearing liabilities backlog
Abuja The Central Bank of Nigeria (CBN), in its bid to clear the backlog of outstanding foreign exchange liabilities, has…
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Naira in free fall on parallel market, exchanges N1,300 per dollar
The naira is currently trading above N1,300/$ on the Peer-to-Peer cryptocurrency window today. This is as many traders on…
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