BUSINESS
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CBN Boosts Inter-Bank Forex Market With $210 Million
The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange (forex)…
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Global airfares, hotel rates to rise as economy slows in 2020- Industry forecast
Escalating trade wars, the impact of Brexit, possible oil supply shocks and a growing likelihood of recession will put a…
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Fashola Cites Funding as Major Challenge in Delivery of Critical Infrastructure
The immediate past Minister of Power, Works and Housing, Mr Babatunde Fashola, has cited funding as a major factor hindering…
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FG Spent N293 billion on External Debt Servicing in half year 2019
Nigeria’s external debt serving has hit a new height in half-year 2019 as the latest figure obtained from the Central Bank…
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$1 billion Military Spending Slashes Excess Crude Account by $2.2billion
A certain sum of $1bn allegedly spent by the FG on military equipment has drastically slashed the country’s Excess Crude…
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FG Partners with Siemens to Deliver 18,000 megawatts by 2023
The Federal Government has entered into an agreement with the management of Siemens in a bid to make available 18,000…
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High Debt Servicing Cost Remains a Sore thumb in Nigeria–DMO
Nigeria’s public debt stock grew marginally by 2.30% to N24.95 trillion (US$81.27 billion at the exchange rate of N306.95/US$) as of…
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Nigeria’s external debt rises by $15.3bn under Buhari
Nigeria’s external debt stock rose by 148 per cent in almost four years of the President Muhammadu Buhari administration, data…
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IMF to Begin Search for New Head as Lagarde Resigns
Christine Lagarde will resign from the International Monetary Fund on September 12 as she awaits final word on her nomination…
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BREAKING: Nigeria’s inflation rate drops to 11.22% in June 2019
Nigeria’s consumer price index, which measures inflation, drops to 11.22% in June 2019. This is revealed in the lastest inflation…
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