Economy

Nigeria’s headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024, marking a 0.55% increase month-on-month.This is the first increase in three months after the country’s inflation rate…
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Nigerians may soon face a renewed inflation surge due to continuous rising petroleum prices as announced by the Nigerian National Petroleum Commission, despite the Central Bank of Nigeria’s (CBN) efforts to curb rising prices.…
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Nigeria’s external debt is projected to approach $50 billion by the end of the third quarter of 2024, as the Debt Management Office (DMO) prepares to release the latest public debt data.As of March 31, 2024, Nigeria’s total public…
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The Executive Board of the International Monetary Fund (IMF) has approved to lower the IMF’s borrowing costs for members by 36 per cent, or about 1.2 billion dollars annually.A statement, issued by the IMF Press Centre, said this…
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*Buhari, EmefieleFormer deputy governor of the Central Bank of Nigeria (CBN), Mr Edward Adamu, has given former President Muhammadu Buhari a clean bill of health in the controversial naira redesign policy of the former governor of the…
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TAXA new bill has been proposed in Nigeria that will require individuals engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number as a precondition for opening a new account or…
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NIGERIA’s external debt is the largest amongst all sub-Saharan African nations, despite the fact that it received debt waivers from the Paris Club, London Club or from Independent Creditors. The arrears of this debt have accumulated…
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The World Bank has approved $1.57 billion for three new projects in Nigeria, aimed at helping the country address governance challenges in the education and healthcare sectors.Others are improving primary healthcare services as…
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Africa is home to a variety of strong currencies, each with unique historical and economic backgrounds that contribute to their strength on the global stage.Despite various economic challenges, certain African currencies have…
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The Nigeria Labour Congress (NLC) has issued a directive to all civil servants in Akwa Ibom State to commence an indefinite strike action, effective Thursday, September 26, 2024.Reports say that the decision was reached in response to…
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