Economy
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PenCom begins verification of retirees/prospective retirees of MDAs — Official
The National Pension Commission (PenCom) says it has concluded plans to begin verification of retirees/prospective retirees of Federal Government Ministries,…
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Nigeria’s rising food prices, galloping inflation, citizen’s poverty worrisome – IMF
Rising cost of transportation, depreciation of the Naira as well as the ongoing Russia-Ukraine war have been identified as factors…
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Nigeria now borrowing to pay salaries – FG
That Nigeria’s current economic dire stress, is stretching to its limit, came to the fore on Tuesday with Anamekwe Nwabuoku,…
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Nigeria’s inflation rate rises to 17.71% – NBS
Nigeria’s inflation rate increased to 17.71 percent on a year-on-year basis in May 2022, according to figures released by the…
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Nigeria’s debt rises to N41.6trn
Nigeria’s debt grew to N41.6 trillion in the first quarter ended March (Q1 2022), an increase of N2.05 trillion versus…
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Businesses on the verge of collapse as price of diesel hits almost N1,500/litre
About 75 per cent of filling stations across the country are currently out of business due to their inability to…
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CBN, Bankers’ Committee hold maiden non-oil exports summit
The maiden summit on non-oil exports under the Race to US$200 billion in Foreign Exchange (FX) Repatriation (RT200) programme launched…
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More hardship for Nigerians over rising inflation, power cut – World Bank
The World Bank has predicted more hardships for Nigerians and the citizens of Angola over the rising inflation, increased power…
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Energy Crisis: National electricity grid to suffer more collapse — Report
Except the Federal Government addresses the deficiency in its spinning reserve, volatile loads and poor investment from the Distribution Companies…
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Debt servicing may gulp all of Nigeria’s revenue by 2026, IMF warns
The Nigerian government may spend nearly 100 per cent of its revenue on debt servicing by 2026, the International Monetary…
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