Economy
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Speculations rife over CBN policy direction as uncertainty rocks Nigeria’s economy
For the second time in a row, the Central Bank of Nigeria (CBN) has missed the rate-fixing Monetary Policy Committee…
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FG records over N1trn monthly revenue inflow since subsidy removal – Finance Minister
Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, has said the Federation Account was witnessing improved…
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Nigeria to lose N3trn to contract scams by 2025 — Institute
The Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN) has warned that Nigeria may lose N3 trillion…
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State govts open security vote accounts with CBN
State Governors will henceforth draw their security votes from the Central Bank of Nigeria (CBN). The development followed the…
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Excessive Borrowing: Interest payments in 2024 to gulp over 40% of Nigeria’s revenue
Moody’s Investors Service has predicted that interest payments in 2024 will consume almost 40 percent of revenue in Nigeria, the…
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Lagos, others caught in fiscal recklessness amid huge legacy debts
Scrutiny over profligacy in statecraft and fiscal recklessness has shifted from the centre to Lagos, the supposed Centre of Excellence,…
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CBN’s MPC set to raise interest rate by 100bps today
The Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC) is set to raise the interest rate by…
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Naira experiences biggest fall, crashes to N1,105 per dollar in official market
There is no respite yet for the nation’s currency as the naira recorded the biggest fall in recent times exchanging…
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Naira slumps further at official, parallel markets, exchanges N1,140 per dollar
For the second consecutive day, the Naira slumped against the US dollar at both the official and parallel markets. …
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Old, new naira notes remain legal tenders, CBN clarifies
The Central Bank of Nigeria (CBN) has reiterated that all denominations of naira notes it issued remain legal tender and…
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