Economy and Business
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Nigerians borrow N470 billion in personal loans as economic hardship bites harder
The Central Bank of Nigeria (CBN) has revealed that Nigerians borrowed a staggering N470 billion in personal loans from banks…
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NSCDC Busts Illegal Crude Oil Reservoir in Ondo
Emmanuel Oghenero The Nigeria Security and Civil Defence Corps (NSCDC) in Ondo State has uncovered of an illegal crude oil…
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Inside Business: Shareholders worry as Boardroom Crisis cripples 9Mobile
The ongoing leadership crisis at 9mobile, one of Nigeria’s leading telecommunications companies, has snowballed, and may be taking a toll…
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JUST IN: As Expected, Nigeria’s Inflation Rate Drops to 24.48%
Nigeria’s inflation rate has dropped to 24.48% year-on-year in January 2025, according to the latest report from the National Bureau…
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JUST IN: Nigeria’s stock market kicks off 2025 with N1.95 trillion gain
Despite global and domestic uncertainties, the Nigerian equities market started 2025 on a positive note, recording a N1.95 trillion gain…
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Naira appreciates to N1,630/$ in black market, gains N12.7 in official market
The Naira has appreciated, rising to N1,630 per dollar in the black market from N1,640 previously. Similarly, in the official…
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JUST IN: CBN directs FX market participants to submit compliance reports
The Central Bank of Nigeria (CBN) has issued a directive requiring all foreign exchange (FX) market participants to conduct a…
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Dangote Cement, FBNHoldings, others Lift Equity Market by N53 Billion
The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such…
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“Nigeria’s economy on the rise with 3.6% growth projection” – World Bank
The World Bank has projected an average economic growth rate of 3.6% for Nigeria between 2025 and 2026, attributing the…
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From dust to development: How Bua Cement is building a new era in partnership with Edo state
In the quiet, lush landscapes of Okpella, Edo State, a visible transformation is underway. Once a sleepy community, it has…
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JUST IN: Inflation rises to 34.60% in November
Nigeria’s inflation rate has surged to 34.60% in November, according to the National Bureau of Statistics (NBS). This represents a…
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Yuletide: More woes for Nigerians as cash shortage bites harder amid economic hardship
Nigerians are bracing for a challenging Christmas season as a worsening cash shortage grips the nation, leaving families, small businesses,…
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BREAKING: Naira Reverses Earlier Gains, Drops to N1,745/$1
The Naira has suffered a fresh setback, reversing its recent gains and sliding back to around N1,745/$1 on the parallel…
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More Details Emerge as Port Harcourt Refinery Struggles with Non-Operational Conversion Units, Fail to Produce Petrol
Despite claims by the Nigerian National Petroleum Company Limited (NNPCL) that the Port Harcourt Refinery is back and running, emerging…
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JUST IN: CBN raises interest rate again to 27.50%, retains cash reserve ratio for banks
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by…
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National Assembly Faces Backlash as Nigeria’s Debt Climbs to N138tn
The National Assembly has come under heavy criticism for the swift approval of President Bola Tinubu’s loan requests, raising Nigeria’s…
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Minister Edun Blames Past Administrations for Nigerians’ Economic Pain
Minister of Finance Wale Edun has attributed the economic challenges Nigerians face under President Bola Ahmed Tinubu’s administration to past…
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Economic hardship: More woes for Nigerians as cooking gas prices skyrocket nationwide
Nigeria’s economic hardship is deepening as citizens are now grappling with soaring cooking gas prices. According to the National Bureau…
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Fuel import surges despite NNPCL’s local refinery assurance
The Nigerian National Petroleum Corporation Limited (NNPCL) is under intense scrutiny as fuel importation costs hit nearly ₦3 trillion between…
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BREAKING: Nigeria’s inflation Rate Rises to 33.88%
Nigeria’s inflation rate has risen to 33.88% in October 2024, up from 32.7% in September 2024. According to the latest…
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