Finance & Economy
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CBN commence “clearing” of forex backlogs – Report
Recent information obtained by Nairametrics reveals that the Central Bank of Nigeria (CBN) has taken significant steps to address the…
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Naira gains against dollar but fragile amid U.S interest rate decision
The Nigerian naira has once again surpassed a key black market resistance level, settling at N1,170 against the greenback, as…
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Nigeria sells 1yr OMO bill at 21% in biggest signal of interest rate adjustment
Nigeria has given the clearest signal yet of its willingness to allow interest rates go up to match rising inflation…
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Private Sector Credit Extension (PSCE) Increased by 45% YoY to N58.6trn in September 2023
The most recent data from the Central Bank of Nigeria (CBN) shows that private sector credit extension (PSCE) increased by…
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Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate
President Tinubu signs executive orders to boost FX liquidity Government plans local issuance of dollar denominated debt Nigeria is planning…
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Does MRS Oil’s financial performance justify its share price rally?
MRS Oil Nigeria Plc, a petroleum and petroleum products company in the oil and gas sector, announced 45.9% revenue growth…
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FG To Launch Road Map For Marine & Blue Economy Sector
The federal government said there are plans in motion to launch a road map for the Marine and Blue Economy…
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Nigeria’s 2023 Budget Implementation Report, 2024 Budget and the Troubled State of Economic Assumptions
President Bola Tinubu’s plans to increase spending by a fifth in his first budget – a proposed spending plan that…
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FAAC: FG, states and local government share N903.4 billion in September
The Federation Account Allocation Committee (FAAC) has shared a total of N903.4 billion in Federation Account Revenue for September 2023…
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Tax Reforms: FG to Streamline Over 200 Taxes, Levies to About 10
The Presidential Committee on Tax Reforms and Fiscal Policy has recommended pruning of the long list of officially collectable taxes…
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