Economy
CBN plans CRR refund to banks financing agric, manufacturing
The Central Bank of Nigeria (CBN) will be refunding Cash Reserve Ratio (CRR) to banks that fund projects in agriculture...
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Oil prices dip over global economic slowdown
Oil prices dipped on Friday, with US crude heading for a seventh weekly decline amid increasing concerns about slowing global...
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Inflation now 1.28% points lower than FG’s 2018 projection
Data made available by the National Bureau of Statistics (NBS) show that year-on-year inflation dropped to 11.14% in July; 1.28%...
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Nigeria borrows N2.75tn in one year
The debt owed by the Federal Government, state governments and the Federal Capital Territory Administration increased by N2.75tn between July...
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$16bn Egina: We’ve laid foundation for economic growth- Osinbajo
THE Acting President of Nigeria, Prof. Yemi Osinbajo, has expressed satisfaction over the $16 billion Egina Floating Production Storage Offloading...
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SPE says oil and gas may no longer be favourable to Nigeria in next half century
Lagos – The Society of Petroleum Engineers (SPE) says oil and gas sector must shift from being a consumer industry...
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Why Nigeria’s economic revival must be private sector driven – Osinbajo
For robust growth, the Nigerian economy has to be private sector driven, Acting-President Yemi Osinbajo has said. Mr Osinbajo made...
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New Minimum Wage Begins Before End Of September – FG
It is gathered as the federal government has assured Nigeria Labour Congress and entire labour workforce that the new national...
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CBN Pumps $23.2bn into Forex Market in 17 Months
The Central Bank of Nigeria (CBN) has injected a total of $23.257 billion into the interbank segment of the foreign...
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External reserves fall below $47bn, lowest since April
The nation’s foreign exchange reserves have dropped below $47bn, losing $251m in the first six days of the month, data...
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