Finance & Economy
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FG Project Debt servicing to Revenue to drop to 82% in 2023.
The Federal Government has projected to spend 82% of its revenue on interest payments in 2023. The projections suggest an…
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Domestic Investors Outpace Foreign Investors in the Nigeria Equity Market
In 2022, the Nigeria equity market had a positive closure, gaining N5.62 trillion in market capitalization, and the NGX benchmark…
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CBN Keeps Mum After Supreme Court Ruling
Despite the February 8, Supreme Court ruling suspending the deadline for the swap of the old Naira bank notes as…
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Naira scarcity :Tainting what’s left of Buhari’s economic policies
Nigeria, a country with a population of over 200 million people, has faced its fair share of economic challenges over…
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Investors Gain N20.35bn as NGXASI Advances by 0.07%
As Overnight Rate Contracts by 0.03% to Close at 10.81%; BDC Rate Depreciates to N760 1. EQUITIES MARKET Nigerian Equities…
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CBN Reacts to Claims About Capacity of NSPMC Plc, Alleged Threats to Close Some Deposit Money Banks
CBN has debunked false claims about capacity of NSPMC Plc and alleged Threats to close some deposit money Banks. According…
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Driving Cashless Economy on Steroids: Strategic or Suicidal?
Before we dive into this highly anticipated subject, let’s cover the basics. A cashless economy refers to an economic system…
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Naira scarcity: Instant payment hits N38tn in January
The Naira scarcity, caused by the Central Bank of Nigeria’s naira redesign and cash withdrawal policy, pushed instant electronic payment…
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Supreme Court stops CBN from stopping use of old Naira notes February 10
The Supreme Court gave the order in a suit filed by three APC-controlled states – Kaduna, Kogi and Zamfara. The…
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Court Sentenced Fidelity Bank Secretary, MD to Six Weeks in Prison
A chief magistrate’s court in Ogba, Lagos, has sentenced Nneka Onyeali-Ikpe, Managing Director of Fidelity Bank, to six weeks in…
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