Finance & Economy
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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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CBN Clarifies Directive to Banks on Old N500 and N1000 Banknotes
The Central Bank of Nigeria ,CBN, has the rumoured directive on the collection of the N500 and N100 notes .…
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FX Challenges Could Delay Bank’s Loan Repayment 
VIEWPOINTS As the country suffers an acute foreign exchange shortage, Moody’s rating says that the CBN might delay repayment of…
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