Economy

CBN Headquarters Nigeria’s external reserves recorded an increase of $424.68 million between August 30 and September 10, highlighting an improved financial outlook for the country.Data sourced from a report by the Central Bank of…
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A former Chairman of the Society of Petroleum Engineers (SPE), Nigeria Council, Mr. Joe Uwakwe, has raised the alarm that cross-border smuggling of petrol was hurting the economy.Uwakwe disclosed this at a webinar organised…
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The Nigerian Economic Summit Group has explained how state governors spent the country’s $50 billion Excess Crude Account in 2010, which would have served as a buffer for petrol subsidy challenges.The Chief Executive Officer of…
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The Vice President of Liberia, Jeremiah Koung has revealed that out of eight licensed commercial banks in his country, four are owned by Nigerians.The Vice President disclosed in his remarks at the opening ceremony of the 17th…
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By William Emmanuel UkpojuPresident Bola Tinubu has returned from his official trip to China, describing it as "very good and successful". During his meeting with Nigerians living in China, he emphasized his efforts to…
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Experts have only made little progress after 25 years of democracy, highlighting that policy inconsistencies have dwarfed the country’s growth.Speaking at the ‘National Economic Dialogue’ organised by the Nigerian Economic Summit…
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*Stakeholders push for increased IGRs Tougher times await federal, states and local governments as subsidy on premium motor spirit (PMS) is set to erode over N7.7 trillion from the Federal Allocation Account by December this year.…
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In a move that has captured the attention of international observers and economists, Burkina Faso’s President Ibrahim Traore has made the decision to decline financial assistance from the International Monetary Fund (IMF). This…
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Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele allegedly spent N18 billion to print just N1 billion worth of banknotes, a fresh investigation by the Economic and Financial Crimes Commission (EFCC) has revealed.The…
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The pan-Yoruba socio-political group, Afenifere, says President Bola Ahmed Tinubu’s administration is plunging Nigeria into an economic crisis that is worse than the Great Depression of 1929.The group stressed that Nigeria’s…
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