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Economy
Airfares rise by 34.06% in one year – NBS
THE National Bureau of Statistics (NBS) has stated that the average fare paid by air passengers for specified routes single travel increased by 34.06% between May 2022 and May 2023.
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CBN limits contactless payment to N50,000 daily
THE Central Bank of Nigeria (CBN) has released new guidelines for contactless payments in the country, limiting the daily cumulative transaction limit via the channel to N50,000 and!-->…
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BAUCHI : CBN allocates N30m new naira notes daily to banks
THE Central Bank of Nigeria, Bauchi State, says it allocates N30 million new naira notes daily to each branch of banks in the state to increase access of customers to the new notes.
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CBN accuses banks of hoarding N4.5b redesigned notes
THE Central Bank of Nigeria (CBN) has charged that a few commercial banks in Port Harcourt, Rivers State, have refused to disburse the N4.5 billion in redesigned notes that have been!-->…
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Nigerians to pay more taxes, tariffs – FG
THE Minister of Finance, Budget and National Planning, Zainab Ahmed, says Nigerians will pay more taxes.
According to Ahmed, this has been captured in the medium term as proposed in!-->!-->!-->…
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BHM becomes first African Platinum Sponsor of the ICCO Global Summit
INTERNATIONAL public relations and communications company, BlackHouse Media (BHM), has been announced as a platinum sponsor of the ICCO Global Summit.
BHM is the first!-->!-->!-->…
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Nigeria records N4 trillion trade deficit as imports jump
NIGERIA recorded an unfavourable trade position with a trade deficit of about N4 trillion in the first quarter of 2021 due to increased importations despite scarce foreign currency!-->…
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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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