Economy
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Nigeria fast exceeding its borrowing limit, Budget Office raises alarm
The Director General, Budget Office of the Federation, Ben Akabueze has said Nigeria is fast exceeding its limited borrowing space.…
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We’ll penalise shipping companies exporting undocumented cargoes, says CBN
The Central Bank of Nigeria (CBN) has threatened to penalise shipping companies exporting undocumented cargoes from the country. Godwin…
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Emefiele, Nneka Onyeali-Ikpe agree on non-oil export potentials *CBN says non-oil export has grown 40% 2021
The Central Bank of Nigeria (CBN) Governor Godwin Emefiele, and Fidelity Bank Plc Managing Director/CEO Nneka Onyeali-Ikpe yesterday agreed on…
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Outrage, apprehension as Nigeria’s debt profile races to N80trn in twilight of Buhari govt
With Nigeria’s total debt stock racing to over N80 trillion, there is heightened concern in the country. Stakeholders are of…
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No plan to phase out redesigned Naira notes, says CBN
The Central Bank of Nigeria (CBN) has dismissed reports that it is considering the withdrawal of the redesigned N200, N500…
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Large-scale oil theft, cash scarcity stifled Nigeria’s economy – UN
The United Nations says large-scale oil theft and the recent cash scarcity crippled the Nigerian economy and strained finances. …
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Countdown to Exit: Buhari to leave behind N6trn debt to World Bank
Countdown to Exit: Buhari to leave behind N6trn debt to World Bank Nigeria’s borrowing from the World Bank…
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FG debunks rumoured default to China loans
The Debt Management Office (DMO) has dismissed as untrue, reports that the Federal Government has defaulted on its Chinese debt…
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Nigeria defaults again in repaying China loan, as debt soars to $110.31bn
Nigeria has again failed to service its debt to China, which has accumulated to $110.31 billion in the last two…
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FG spent 96.3% of 2022 revenue to service debts, World Bank reveals; decries escalating poverty of Nigerians
The World Bank has revealed that Nigeria spent 96.3 percent of its 2022 revenue in servicing debts. The fact…
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