Economy and Business
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Cambridge Judge Business School Chronicles the Rise of ALAT: Nigeria’s Pioneer in Digital Banking
Ademola Adebise, former Managing Director of Wema Bank and author of “The Transformational Leader”, shared ALAT’s groundbreaking journey, which is…
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BREAKING: CBN allocates over 2 million bags of fertilizers worth N100 billion to Nigerian farmers
The Central Bank of Nigeria (CBN) has allocated substantial fertilizers to the Ministry of Agriculture. The allocation, totalling 2.15 million…
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Nigeria Loses N94 Billion Annually to Palm Oil Importation, Says OAU Professor
Prof. Kehinde Owolarafe of the Department of Agriculture and Environmental Engineering at Obafemi Awolowo University (OAU), Ile-Ife, revealed on Tuesday…
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NBS: Nigeria recorded N1.4 Trillion Trade deficit in Q4 2023
According to a recent report released by the National Bureau of Statistics (NBS), Nigeria experienced a trade deficit of N1.4…
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Economy: Foreign Investors Inject $823 million into Nigeria’s Forex Market
In a significant development for Nigeria’s economy, foreign investors have injected $822.6 million through the Nigerian Autonomous Foreign Exchange Market…
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Complaints galore as soaring food prices worsen economic hardship for Nigerian families
Nigerian families are grappling with the harsh realities of soaring prices of staple foods, exacerbating the economic hardships faced by…
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Naira surges by 20% amidst CBN’s Sweeping Reforms
In a significant turnaround, the Nigerian naira has experienced a remarkable recovery, surging by more than 20% over the past…
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BREAKING: Naira hits record low against British Pound at the black market
The Nigerian Naira has reached a record low against the British Pound in the black market, highlighting the ongoing challenges…
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BREAKING: Binance ceases operations in Nigeria, halts services for naira transactions
Binance, one of the world’s largest cryptocurrency exchanges, has decided to exit the Nigerian market. The exchange has announced discontinuing…
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BREAKING: Central Bank of Ghana suspends forex trading licenses of GTB and First Bank
The Bank of Ghana has announced the suspension of the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited…
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JUST IN: CBN reduces Customs Duty exchange rate by 5.3%
The Central Bank of Nigeria (CBN) has announced a 5.3% reduction in the exchange rate for computing Customs duties at…
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‘Report bribe-seeking Nigerians to me’ – Tinubu tells foreign investors
President Bola Tinubu has restated his administration’s unreserved determination to tackle corruption at all levels. Speaking at the Nigeria-Qatar Business…
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BREAKING: CBN raises Nigeria’s Monetary Policy Rate to 22.75%
The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has announced a significant increase in the Monetary Policy Rate…
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BREAKING: CBN begins sale of dollars at N1,301 per USD [DOCUMENT]
The Central Bank of Nigeria (CBN) has announced the sale of foreign exchange to Bureau de Change (BDC) operators in…
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BREAKING: Naira sustains huge surge, reaches N2100 against the British Pound in black market
The Naira has experienced a substantial appreciation, surging by 7.62% to reach N2100 against the Great British Pound (GBP) in…
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Obi condemns crack down on BDC operators, says Tinubu’s govt lacks ‘rational economic thinking’
Labour Party presidential candidate in the 2023 elections, Peter Obi, has criticized the recent attacks on Bureau de Change (BDCs)…
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Investors lose N67 Billion as Nigerian Exchange plunges into Red Zone
In another turbulent session for the Nigerian Exchange, equity investors faced further losses on Thursday, with the market plunging back…
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BREAKING: Naira witnesses significant appreciation in black market, hits N1750 per Dollar
The Naira experienced a substantial surge in the black market, reaching a high of N1750 per dollar on Thursday. This…
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Nigeria’s GDP increased by 3.4% in Q4 2023 – NBS
Nigeria’s Gross Domestic Product (GDP) demonstrated resilience in the fourth quarter (Q4) of 2023, growing by 3.46%, according to data…
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FX crisis: Oil and Gas dealers threaten Shutdown as 70% of Downstream Businesses Collapse
The downstream oil sector in Nigeria is on the brink of a crisis as oil and gas dealers, represented by…
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