Finance & Economy
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We’re reconsidering Buhari’s N22tn loan restructuring request —Lawan
The Senate President, Ahmed Lawan, on Tuesday said the National Assembly is currently reconsidering the President’s proposal to securitise the…
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Nigeria to pay $4 bln extra in 2023 if lawmakers reject loan-bond swap – president
– Nigeria will pay 1.8 trillion naira ($4 billion) extra interest in 2023 if parliament rejects a loan-to-bond swap request…
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President Buhari Signs Nigeria’s 2023 Budget Into Law
President Muhammadu Buhari, GCFR has signed the 2023 Nigerian Budget into law, to set in motion the January to December…
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CBN increases cash withdrawal limit to N500,000 weekly
The Central Bank of Nigeria has increased the maximum weekly limit for cash withdrawals across all channels by individuals and…
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Banks run out of new naira, demand soars
•Court declines to stop CBN withdrawal policy, Emefiele meets Reps Tuesday Mixed reactions greeted the disbursement of the new naira…
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Nigeria is in a Challenging and Deteriorating Economic Situation
Nigeria’s economic performance has weakened since the previous Nigeria Development Update (NDU) was published in June 2022 under the title…
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Nigeria’s Total Debt Stocks Rose to N44.06trn in Q3 2022
Nigeria’s Total Debt Stocks Rose to N44.06trn in Q3 2022 According to DMO, Nigeria’s total debt stock has increased to…
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CBN Publishes H1 2022 Financial Stability Report
Executive Summary The Russia-Ukraine crisis and the resurgence of Covid-19 in China disrupted the global supply chains, heightened commodity prices,…
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CBN: Our agric interventions saved Nigeria from famine, food crisis
The Central Bank of Nigeria (CBN) says its various development finance interventions have boosted food security in Nigeria. Yusuf Yila,…
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GTCO’s Stock Price Regains Northward Momentum
Though still grappling with the challenge of competing in a harsh environment, GTCO is currently taming the southward movement of…
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