Economy

According to Premium Times, Nigeria has finally won a protracted legal tussle, reclaiming over $6 million in arms funds seized by the United States government since 2014. This ruling marks the end of a decade-long ordeal that left…
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... The proposed legislation is aimed at ensuring all payments including salaries and other transactions are done using the local currency, naira A bill seeking to prohibit the use of foreign currency in Nigeria has passed first…
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The House of Representatives on Wednesday directed its committees to summon the Central Bank of Nigeria (CBN) Governor, commercial bank managing directors, and other stakeholders to address the challenges posed by undocumented Point of…
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The Nigerian naira is predicted to end the year falling to N1,621.7 to a U.S. dollar, continuing its volatility despite interventions by the Central Bank of Nigeria (CBN) to shore up the currency. This new outlook is however a…
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…CBN Raises Interest Rate For Sixth Time In 2024, Now 27.50% The Monetary Policy Commit­tee (MPC) of the Central Bank of Nigeria (CBN) has raised the country’s interest rate for the sixth time in 2024. The new interest rate…
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The National Association of Nigerian Students (NANS) has urgently called on President Bola Tinubu to take immediate action to tackle the pressing issues of hunger and economic hardship that many Nigerians are facing. The student…
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Minister of Finance, Wale Edun, has said that non-implementation of economic reforms by past administrations is the reason Nigerians are in pain, discomfort, and difficulties under President Bola Ahmed Tinubu’s reforms. Edun said…
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The National Assembly has come under heavy criticism for the swift approval of President Bola Tinubu’s loan requests, raising Nigeria’s debt profile to an alarming N138 trillion. Experts and stakeholders have expressed concerns over…
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The naira appreciated on the strength of external borrowing approval, FX intervention, and sustained increase in external reserves. Increased demand for foreign currencies in Nigeria has caused the naira to lose its allure. On…
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Nigeria’s inflation has gone beyond raising rates and implementing other monetary instruments in anticipation of a decline, according to Adeola Adenikinju, president of the Nigerian Economic Society (NES). Adenikinju said while the…
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