Economy

THE Nigerian National Petroleum Company Limited (NNPCL) has acknowledged its "significant debt to petrol suppliers," stating that this financial burden threatens the sustainability of…
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THE World Bank has stated that the Central Bank of Nigeria's tightening of monetary policy is unlikely to effectively combat inflation in the country.This was revealed in the global…
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THE Central Bank of Nigeria (CBN) has reassured the banking public of the safety of their deposits and the resilience of the banking sector, following concerns raised in some quarters…
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THE Central Bank of Nigeria (CBN) has confirmed that it has no intentions to revoke the licenses of three banks.According to a press release from the Acting Director of Corporate…
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THE Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the government's massive purchases of foodstuffs as palliatives are adding to the country's skyrocketing…
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THE Debt Management Office (DMO) of Nigeria has stated that the country's public debt reached ₦97.34 trillion ($108 billion) in Q4 2023.The DMO announced this yesterday in a…
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THE Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, stated today during the Monetary Policy Committee (MPC) meeting in Abuja that he and his team are not to blame for…
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PRESIDENT Bola Tinubu has formed a tripartite economic advisory committee as part of his efforts to stabilize Nigeria's economy.The committee, which included members from the…
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THE Central Bank of Nigeria (CBN) has prohibited international oil corporations from repatriating 100% foreign exchange proceeds to their parent companies overseas at once.According…
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THE Trade Union Congress (TUC) is urging the Federal Government to move beyond mere promises and take concrete actions to alleviate the economic difficulties faced by Nigerians.…
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