Economy and Business
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Brace up, fuel prices will keep rising, top 2023 presidential candidate warns Nigerians
The 2023 presidential candidate for the Social Democratic Party (SDP), Adewole Adebayo, has urged Nigerians to brace up as the…
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BREAKING: CBN issues new directive to Payment Service Providers on PoS transactions
The Central Bank of Nigeria (CBN) has issued a new directive to Payment Service Providers (PSPs), mandating enhanced routing guidelines…
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BREAKING: Nigeria records N6.95 trillion trade surplus in second quarter of 2024
Nigeria has posted a trade surplus of N6.95 trillion in the second quarter of 2024, despite experiencing an overall decline…
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More woes for Nigerians as naira hits six-month low at N1,625.88/$1 amid fuel price hike
The naira slumped to its lowest point in six months on Wednesday, September 4, 2024, at the Nigerian Autonomous Foreign…
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Naira falls to record low against the Dollar, now above N1,600 in official market
The Nigerian naira has continued its downward spiral against the United States dollar in the official foreign exchange market, despite…
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Amid hardship, FG spent triple its revenue in 2023, deficit hits N13.50 trillion – New Report
A recent report by BudgIT, an accountability firm, has unveiled a troubling fiscal crisis in Nigeria, revealing that the Federal…
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BREAKING: Nigeria’s GDP grows by 3.19% in Q2 2024, says Bureau of Statistics
Nigeria’s Gross Domestic Product (GDP) grew by 3.19% year-on-year in real terms in the second quarter of 2024 (Q2 2024),…
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Hardship: Nigerians to pay more for cement as production costs increase by 121%
The combined impact of Naira depreciation and high inflation has led to a 121% increase in cement production costs, dashing…
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AGIP Deal: “Stop giving preferential Treatment to Oando” – Atiku lampoons Tinubu
Former Vice President, Atiku Abubakar has called on the Nigerian government to clarify why Oando Plc, a company owned by…
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BREAKING: CBN records remittance inflows of $553 million in July 2024
The Central Bank of Nigeria (CBN) has announced a substantial increase in remittance inflows, recording $553 million in July 2024.…
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BREAKING: FG issues $500 million five-year domestic dollar bond at 9.75%
The Nigerian government has announced the issuance of a $500 million five-year domestic dollar bond, opening for subscription on August…
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BREAKING: Nigeria Customs releases guidelines for implementing zero duty rate on food items
Following President Bola Tinubu’s approval for the implementation of import duty waiver on food items, the Nigeria Customs Service (NCS)…
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BREAKING: CBN Approves Merger of Providus Bank And Unity Bank
The Central Bank of Nigeria (CBN) has approved the merger of Providus Bank and Unity Bank. The approval was announced…
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More woes for Nigerians as cost of refilling cooking gas cylinders skyrocket
Nigerians are facing further economic strain as the cost of refilling cooking gas cylinders continues to escalate. Recent investigations reveal…
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Nigeria’s Oil Production Hits 1.61 Million Barrels Per Day
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced an increase in the country’s average daily oil production.Chief Executive Gbenga…
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Nigerians resort to food rationing as citizens struggle with worst cost-of-living crisis in decades
The latest report from the National Bureau of Statistics (NBS) has revealed a startling rise in Nigeria’s inflation rate, which…
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REPORT: New minimum wage of N70,000 insufficient for Nigerian families
Nigeria’s new minimum wage of N70,000 may not be sufficient to sustain a household of three, according to a report.…
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Businesses struggle to stay afloat as Nigeria economic crisis deepens
Businesses are struggling to stay afloat amid Nigeria’s worsening economic crisis. Nigeria is experiencing its worst economic crisis in decades,…
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Nigerians’ purchasing power declines by 56% in two yrs as hardship bites harder – Report
A new report by Cowry Research has highlighted a severe 56% decline in the purchasing power of Nigerians over the…
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BREAKING: Naira falls to N1,561.98/$1, lowest level since March 2024
The naira has experienced a notable depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, falling to N1,561.98/$1 on…
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