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Economy
Bleak future for Naira as imports bills increase
PRESSURE on Naira is expected to persist in 2021 as higher imports bills continue to offsetting improved receipts from oil exports, thus resulting to low accretion into Nigerian!-->…
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Inflation Threat: Analysts predict policy rate hike
TO curb the Nigerian jumpy inflation rate threat on the economy, analyst have predicted that the current dovish stance may be coming to a halt, saying the Nigerian Central Bank !-->…
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IMF extends debt service relief for 28 eligible low-income countries
THE Executive Board of the International Monetary Fund (IMF) approved on April 1, 2021 a third tranche of grants for debt service relief for 28 member countries under the Catastrophe!-->…
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Database reveals secrets of China’s loans to developing nations, says study
THE terms of China's loan deals with developing countries are unusually secretive and require borrowers to prioritise repayment of Chinese state-owned banks ahead of other creditors, a!-->…
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Oil prices drop over expected increase in US stocks, strong dollar
OIL prices declined on Wednesday over the double whammy of an expected rise in US crude oil inventories and the rising value of the dollar.
This makes US-dollar-priced oil more!-->!-->!-->…
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CBN’s ‘Naira4Dollar’ scheme will boost economy if well-articulated – ABCON
THE Central Bank of Nigeria’s ‘Naira 4 Dollar’ Scheme is capable of ensuring a competitive diaspora remittance market space that would spur Naira stability, according to President of!-->…
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FG debt cost to rise on bond yields repricing as US extends 4x Nigeria’s GDP as stimulus
THE Federal Government of Nigeria's cost of obtaining funds from the local debt market is expected to rise amidst bond yields repricing in the fixed income space.
This will likely!-->!-->!-->…
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Petrol marketers decry difficulty to restock, worsening scarcity
OIL marketers on Wednesday said petrol scarcity in many parts of the country was not on the decrease due to the difficulty filling stations face to restock their tanks with products.
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No plans to increase ex-depot price of petrol – NNPC
NIGERIA's petroleum industry regulator, the Nigerian National Petroleum Corporation (NNPC), has said that it has no plans to increase the ex-depot price of Premium Motor Spirit (PMS),!-->…
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Dangote Refinery to buy oil from FG in Naira
THE Federal Government has concluded plans to sell crude oil to the $15 billion Dangote Refinery in Naira.
This, reports say, is part of measures adopted to strengthen the currency!-->!-->!-->…
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