News
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2024 Economic Outlook: Bismark Rewane Harps on Sequential Policy Reforms for Nigeria’s Economic Stability
Nigeria’s fiscal and monetary policy reforms must be sequenced to achieve economic stability in 2024 and beyond. This will require…
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With Naira Sinking, Nigeria in Talks for Up to $1.5 Billion of Aid
Nigeria may also issue eurobond in late 2024: finance minister Country’s economic reforms deserve support, Wale Edun says Nigeria is…
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N’Assembly raises works ministry budget to over N1tn
The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn.…
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Access Holdings Plc Obtains CBN’s Approval-in-Principle to Establish a Consumer Lending Subsidiary
Access Holdings Plc is pleased to inform that it has obtained the Central Bank of Nigeria’s approval-in-principle to establish a…
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CBN Tackles FX Transactions Abuses in Clearing Liabilities Backlog
to continue settlement of verified FX backlog The Central Bank of Nigeria (CBN), in its bid to clear the backlog…
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GCR Places Union Bank of Nigeria Plc on Ratings Watch Negative
Rating action GCR Ratings (GCR) has placed Union Bank of Nigeria Plc on Rating Watch Negative following the dissolution of…
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Nigeria’s 2023 Inflation Hits 28.92%N
By global standards, Nigeria’s inflation rate is an economic wrecking ball. While Europe and the United States of America (USA)…
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US to return $8.9m looted under Jonathan to Nigeria16th January 2024
A Royal Court in Jersey, United States, has reportedly ruled that stolen assets worth £6.9m ($8.9m) be repatriated to Nigeria.…
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*GTB – Pain, pettiness, inordinate ambition and a wobbled vision
When I got the news that its beautiful MD didn’t attend the 70th birthday of iconic and influential Co Founder,…
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Gross Official Reserves Declined by USD4.2bn in 2023
According to the data published by the CBN, Nigeria’s gross official reserves decreased by USD91.6m to USD32.9bn in Dec ’23.…
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