Finance & Economy
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CBN sells another N1.58 trillion in Treasury Bills, interest rate at 19% for 364-day bill
The Central Bank of Nigeria (CBN) has sold an impressive N1.58 trillion in its latest Treasury Bills auction as the…
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Demand pressures: Official exchange rate settles at N1571.31/$1 as intra-day hits N1851/$1
The official exchange rate experienced a notable decline of 2.97%, settling at N1571.31 per US dollar, while intraday trading reached…
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Naira depreciation: Analysts offer strategies for volatility mitigation
Financial analysts are advocating for a re-evaluation of policies to safeguard the Nigerian Naira amid escalating forex rates, despite efforts…
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Nigeria’s money supply hits new all-time high of N93.72 trillion in January 2024
Nigeria’s broad money supply surged to a historic high of N93.72 trillion as of January 2024, marking a remarkable ascent.…
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Cardoso, forex crisis and the limit of armchair criticism,
No pain, no gain. Any analyst with no political bias will find it curious and ironic that the same Nigerians…
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Nigeria’s January 2024 Inflation Blues: Defying Gravity
When Isaac Newton thought of the laws of gravity, he did not have Nigeria’s Inflation rate in mind, he was…
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NACCIMA Writes Finance Minister Wale Edun, Makes 12-Point Demands
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has written to the Finance Minister and Coordinating…
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Nigeria’s capital importation dips 26.4% to $3.9bn in 2023
Foreign capital inflow into Nigeria dipped by 26.4% to $3.9 billion in 2023, plunging to a 17-year low since 2007…
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CBN forex policies failing to work as exchange rate approaches N1,700/$1
The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official…
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Nigeria’s inflation hits 29.90% in January 2024
In the latest inflation report released by the National Bureau of Statistics (NBS), Nigeria’s inflation rate for January 2024 has…
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