Finance & Economy
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Monetary Policy Intervention Without Structural Reforms: A Panacea or Palaver?
Last year, as inflation reached record highs in many countries, central banks around the world adopted one of the most…
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Banks’ assets rise to N73tn
Total assets of the banking industry grew by N14.36tn or 24.24 per cent from N59.24tn at the end of December…
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Prime Lending Rate Hit 13.67% in January
Amid severe macro economic challenges and increase in Monetary Policy Rate (MPR), commercial banks’ prime lending rate to most credit-worthy…
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Nigeria Q4 GDP Growth Rate Stronger than Expected
The economy of Nigeria advanced by 3.52% from a year ago in the fourth quarter of 2022, accelerating from the…
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DMO Clarifies Usage of N2.13trn FGN Borrowing in the First Two Months of 2023
The attention of the Debt Management Office (DMO) has been drawn to a report which stated that the Federal Government…
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AfDB Group and Japan Sign Exchange of Notes for $350m Private Sector Assistance Loan to Finance Bank’s Private Sector Operations
The loan agreement, to the tune of JPY 44.1 million or $350 million, carries an interest rate of 0.11 %…
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Violent Protest Erupts over Naira Scarcity
Violent protesters on Monday torched several commercial bank branches in Sagamu town of Ogun State, over the scarcity of Naira.…
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Investors Already Bet Nigeria’s Next Leader Has No Chance of Fixing Fiscal Crisis
Chance of much-needed reforms after Feb. 25 vote seen remoteDebt service will cost more than the federal government earns Nigeria’s…
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Is Nigeria really a cash economy?
Taiwo Oyedele In a strict sense, cash is used to describe notes and coins issued by the Central Bank, as…
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Business and Policy Issues in Re-Denominating the Naira
Being a 1998 Paper on ‘Re-denominating the Naira’ by Dr Ayo Teriba and published in an LBS Journal. Coins and…
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