Economy
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CBN threatens to sanction banks hoarding new naira notes
The Central Bank of Nigeria (CBN) has vowed to sanction any commercial bank hoarding the new naira notes from the…
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Nigeria’s debt profile may hit N77trn in June, NECA raises the alarm
The Nigeria Employers Consultative Association (NECA), Thursday in Lagos, raised the alarm that Nigeria’s debt profile could hit N77 trillion…
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Importation drops by 40%, as importers abandon Nigerian ports for neighbouring countries
Against the backdrop of rising exchange rate and other exogenous factors, importation into the nation’s seaports dropped by 40 per…
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New naira notes has all necessary quality, security features, says NSPM
The Nigerian Security Printing and Minting Plc (NSPM) have highlighted some features of the new naira notes in order to…
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CBN bans over-the-counter withdrawal of new naira notes
The Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira…
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CBN begins countdown to the expiration of old N1000, N500, N200 notes
Amid complaints that the new naira notes are not fully in circulation, the Central Bank of Nigeria (CBN) has launched…
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28 governors pile up N5.8trn debts for incoming govts
The governors of 28 states who are leaving office on May 29 or running for re-election and the Minister of…
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We’ve been borrowing to fund petrol subsidy — Finance Minister
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said yesterday that the Federal Government was borrowing money to…
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FG seeks fresh N8.8trn loans, as debt service gulps 80.6% of 2022 revenue
For 11 months, last year (January to November), the Federal Government spent a staggering N5.24 trillion servicing its debt obligations…
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Incoming govt to inherit N77trn debt from Buhari Administration – DMO
President Muhammadu Buhari administration will leave a debt stock debt of over N77 trillion for the incoming government from the…
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