News
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FG Project Debt servicing to Revenue to drop to 82% in 2023.
The Federal Government has projected to spend 82% of its revenue on interest payments in 2023. The projections suggest an…
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Domestic Investors Outpace Foreign Investors in the Nigeria Equity Market
In 2022, the Nigeria equity market had a positive closure, gaining N5.62 trillion in market capitalization, and the NGX benchmark…
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CBN Keeps Mum After Supreme Court Ruling
Despite the February 8, Supreme Court ruling suspending the deadline for the swap of the old Naira bank notes as…
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Nigeria’s Oil Output Rebound Remain in Doubt 
Nigeria’s ability to reach its estimated 2023 budgeted oil output of 1.69 million barrels per day (mb/d) and its 1.8mb/d…
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President Buhari Tells Nigeria’s Central Bank to Allocate More Dollars to Emirates
Nigerian President Muhammadu Buhari has directed the central bank to increase the amount of foreign currency allocated to Dubai’s Emirates,…
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Naira scarcity :Tainting what’s left of Buhari’s economic policies
Nigeria, a country with a population of over 200 million people, has faced its fair share of economic challenges over…
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Investors Gain N20.35bn as NGXASI Advances by 0.07%
As Overnight Rate Contracts by 0.03% to Close at 10.81%; BDC Rate Depreciates to N760 1. EQUITIES MARKET Nigerian Equities…
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CBN Reacts to Claims About Capacity of NSPMC Plc, Alleged Threats to Close Some Deposit Money Banks
CBN has debunked false claims about capacity of NSPMC Plc and alleged Threats to close some deposit money Banks. According…
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“I had no intention of killing my boss or anyone”
—Lekan Adekanbi , leader of the Gang Who Killed Abeokuta Couple and their Only Son The confession “First, we are…
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CBN Moves Against PoS Agents Over High Charges, Reveals Amount Banks Receive Every Day
The Central Bank of Nigeria has issued a stern warning to PoS operators over exorbitant charges. The bank’s director of…
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