News
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Contribution of manufacturing sector to Nigeria’s GDP declines to 8.23%
The contribution of the manufacturing sector to Nigeria’s GDP in the fourth quarter of 2023 dropped from 8.40%, as recorded…
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Price of rice surges to N88,000 as expert proposes solution to food problem in Nigeria
The price of a 50kg bag of foreign rice has surged to over N88,000 across major stores in Nigeria, which…
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“Cartels” in Market are setting artificial prices for goods — FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) has indicated that certain “cartels” in the market are artificially raising the…
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Tinubu sets up economic advisory committee
As part of measures to tackle the ongoing hardship in the country, President Bola Tinubu on Sunday established an economic…
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CBN sells another N1.58 trillion in Treasury Bills, interest rate at 19% for 364-day bill
The Central Bank of Nigeria (CBN) has sold an impressive N1.58 trillion in its latest Treasury Bills auction as the…
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Demand pressures: Official exchange rate settles at N1571.31/$1 as intra-day hits N1851/$1
The official exchange rate experienced a notable decline of 2.97%, settling at N1571.31 per US dollar, while intraday trading reached…
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Naira depreciation: Analysts offer strategies for volatility mitigation
Financial analysts are advocating for a re-evaluation of policies to safeguard the Nigerian Naira amid escalating forex rates, despite efforts…
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Nigeria’s money supply hits new all-time high of N93.72 trillion in January 2024
Nigeria’s broad money supply surged to a historic high of N93.72 trillion as of January 2024, marking a remarkable ascent.…
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Nigeria’s January 2024 Inflation Blues: Defying Gravity
When Isaac Newton thought of the laws of gravity, he did not have Nigeria’s Inflation rate in mind, he was…
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AB InBev’s International Breweries has been a value destructor
Messrs. David Tomlinson, Carlos Coutino, and Cherian Kurien have their work cut out for them. Recently appointed as Finance Director,…
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