Economy
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BREAKING: Naira slumps to N750 per dollar as CBN gives commercial banks green light to sell forex, stops fixing exchange rates
Barely five days after the suspension of Godwin Emefiele as Central Bank Governor, reports indicate that the apex bank has…
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Minimum wage negotiations to begin last quarter of 2023, says NLC
Minimum wage negotiations between organised labour, Nigerian Employers’ Consultative Association (NECA), and the Federal Government will resume in the last…
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Tinubu’s Policy Advisory Council proposes sale of NNPC’s stakes in oil and gas assets
President Bola Ahmed Tinubu’s Policy Advisory Council has proposed the sale of the major stakes of the Nigerian National Petroleum…
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BREAKING: Meet the CBN’s new acting governor, Folashodun Shonubi
JUST IN: Meet the CBN’s new acting governor, Folashodun Shonubi Following the immediate suspension of the Central Bank…
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BREAKING: Folashodun Shonubi replaces Emefiele as Acting CBN Governor
Folashodun Adebisi Shonubi, Deputy Governor, Operations of the Central Bank of Nigeria (CBN) is now the acting Governor of the…
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NNPCL withholding N8.4trn meant for Federation Account, RMAFC alleges
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has accused the Nigeria National Petroleum Company Limited (NNPCL) of withholding N8.4…
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BREAKING: CBN denies claims of naira devaluation, maintains current exchange rate
The Central Bank of Nigeria (CBN) has reacted to reports claiming that it has devalued the naira to about 630…
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CBN parallel exchange rates may worsen debt burden, World Bank warns
The President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange rate is harmful as it…
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BREAKING: CBN devalues naira to 630 per dollar
The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at…
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CBN gives reason for raising interest rate to 18.5 per cent
The Central Bank of Nigeria has opened up on why it raised the Monetary Policy Rate, also known as the…
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