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Category: Economy and Capital Markets
Nigeria has gotten help from World Bank on fuel subsidies
The President of the World Bank Group, David Malpass, has said that the bank is ready to support Nigeria in phasing out regressive fuel subsidies while increasing social assistance for…
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CBN loans to FG hit N20.6trn-IMF and World Bank raised alarm
The Federal Government has shown no signs of putting the brakes on its recourse to the Central Bank of Nigeria (CBN) as its borrowing from the apex bank more than…
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Steady Electricity Supply Only A Pipe Dream, Says Minister of Power
The Minister of Power, Prof. Chinedu Nebo has admitted that it is not realistic that Nigerians will experience a steady power supply this year. He made this known today in…
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19.64% inflation rate highest-ever in 17 years, says NBS
NIGERIA’S inflation rate rose from 18.6% to 19.64% within a month, the National Bureau of Statistics said yesterday. The Bureau attributed the 17-year all-time high 1.82% jump – the highest…
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DISCOs: BPE, CBN give banks 6 month deadline to quit
The Bureau of Public Enterprises, BPE, and the Central Bank of Nigeria, CBN, has handed down a 6- month deadline to banks which recently took over the shares of core…
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The underlying causes of Nigeria’s inflation and commodity prices
Inflation is no stranger to the Nigerian economy. From the independence era to the present; the value of the naira has only been on a steady decline. Nigeria’s inflation rate…
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Owners with C of O in Ikorodu GRA Lagos Receive allotted lands back from Lagos State Government
The encroached portion of Ikorodu Government Reserved Area (GRA) Scheme III, which is located in Odonla, Lucky Fibre axis of Ikorodu, has been regained by the Lagos State Government. Dr…
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The Okada Ban in Lagos – Dilema and possible consequences.
Although the ban is admirable, but the government must address the issues it raises. About 100 motorcyclists stormed a residential estate in Abuja's Lokogoma neighbourhood last Sunday, tearing down the…
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Dino Melaye-Nigeria’s Ecomomy got worst under Buhari Tenure
Prior to their identifier as wanted persons by the EFCC, the President of BMCSL had filed an originating summons against the anti-graft agency before the Federal High Court in Yenagoa.…
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8 Years Later, and the Naira Continues to Plunge Under the Watchful Eyes Of CBN Governor Emefiele
The official rate of the Naira against the US Dollar has declined from N164 to N419 since the central bank's Governor, Godwin Emefiele, took office in March 2014. (or 61…
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