Economy and Business
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Nigeria’s debt crisis scaring away investors, says Afe Babalola
Elder statesman and founder of Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola, SAN, has raised alarm over Nigeria’s growing…
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UBA Set to Unveil Whitepaper on Africa’s Financial Infrastructure
Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to reinforce its role in shaping the continent’s financial…
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Equities Market Ends 12-Day Winning Streak, Loses N4bn Amid Profit-Taking
The Nigerian equities market on Tuesday snapped a 12-session bullish run, closing on a bearish note as investors engaged in…
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Nigeria’s economy is stable again – VP Shettima declares
Vice-President Kashim Shettima says Nigeria has exited its phase of economic instability and is now positioned as an attractive destination…
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JUST IN: CBN Slashes Interest Rate to 27% as Inflation Eases
The Central Bank of Nigeria (CBN) has cut its benchmark interest rate by 50 basis points, lowering it to 27%…
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BREAKING: Nigeria’s GDP Rises by 4.23%
Nigeria’s economy grew by 4.23 per cent in the second quarter of 2025, according to the latest data released by…
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BREAKING: Nigeria’s Inflation Rate Drops to 20.12%
Nigeria’s inflation rate slowed to 20.12% in August, down from 21.88% recorded in July, according to fresh data released by…
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JUST IN: Nigeria’s crude oil losses drop to lowest level in 16 years
Nigeria’s upstream oil sector has recorded its lowest crude oil losses in nearly 16 years, with theft and metering inaccuracies…
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Nigeria Posts ₦7.5trn Trade Surplus
Nigeria posted a trade surplus of ₦7.5 trillion in the second quarter of 2025, a 52 percent increase from the…
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Tinubu has reduced Nigeria’s debt by $16 billion, says Reno Omokri
A former presidential aide, Reno Omokri, has declared that Nigeria’s total debt has dropped by $16 billion under President Bola…
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Naira Hits 6-Month High, Expected to Maintain Upward Momentum
The Nigerian Naira began the week on a strong note as the naira climbed to a six-month high on Monday,…
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BUA Group Issues Statement On The Tragic Attack In Okpella, Edo Estate
BUA is deeply saddened by the attack of Friday, September 5, 2025, in which eight operatives of the Nigeria Security…
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Nigeria Spends N8.93trn on Debt Servicing in Nine Months, Consumes 61% of Revenue
Nigeria devoted a staggering N8.93 trillion to debt servicing between January and September 2024, consuming 61 per cent of its…
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Concerns as CBN quietly pulls down E-Naira Digital Currency
Four years after its high-profile unveiling, the Central Bank of Nigeria’s (CBN) digital currency, the eNaira, has quietly slipped offline,…
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BREAKING: Access Holdings Appoints New CEO
Access Holdings Plc has confirmed the appointment of Innocent Ike as its new Group Managing Director and Chief Executive Officer,…
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Securities and Exchange Commission alerts Nigerians over new ponzi schemes
The Securities and Exchange Commission (SEC) has cautioned Nigerians against engaging with Gvest Global, which it described as an unregistered…
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Nigeria has highest number of people without access to electricity – REA MD
The Managing Director of the Rural Electrification Agency (REA), Abba Aliyu, has warned that Nigeria has the world’s highest number…
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BREAKING: Nigeria’s Foreign Exchange Reserves Hit $41bn, Highest Level Since 2021
Nigeria’s foreign exchange reserves have risen to $41 billion, their highest level since December 2021, according to fresh figures from…
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“Naira among the world’s most secure currencies” – CBN boasts
The Central Bank of Nigeria (CBN) has described the naira as one of the strongest currencies in the world in…
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Nigeria’s non-oil exports hit $3.23billion in first half of 2025
Nigeria’s non-oil exports rose to $3.225 billion in the first half of 2025, a 19.59 percent increase from $2.696 billion…
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