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Commercial banks have consistently recorded net borrowings from the CBN since April this year.
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On May 21, 2024, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its 295th meeting with a pivotal decision:...
The People’s Redemption Party (PRP) has voiced concerns over Nigeria’s reliance on the economic policies of the Bretton Woods Institutions. These institutions, which include...
Nigeria’s recent announcement of its ₦5.4 trillion expenditure on fuel subsidies has generated significant discussion and concern. The Minister of Finance and the Coordinating...
Guaranty Trust Holding Company Plc (GTCO), Africa’s leading financial services institution, has been named Nigeria’s strongest brand and Best Banking Brand by Brand Finance...
The Federal Government of Nigeria recently announced a $3.5 billion agreement with the African Export-Import Bank (Afreximbank). This deal aims to enhance the textile...
Commercial banks have consistently recorded net borrowings from the CBN since April this year.
Amb. Samson Itegboje, Co-Chair of the Nigeria-Netherlands Bilateral Working Group, said that Nigeria was Netherlands’ largest trading partner in Africa.
In January, the Bretton Wood institution had projected a 1.1 percent growth rate for the country in 2021.
The statistics showed that Globacom was the top loser among the telcos with 2.31 million subscribers.
Forex allocation will also cater for SMEs transactions or for the repatriation of foreign direct investment (FDI) proceeds.
The World Bank recently said businesses in Nigeria lose about $29 billion annually because of unreliable electricity.
OPMAN National President said about N4.5 billion worth of onions and properties were destroyed by suspected hoodlums across southern states in the last few...
Nigeria recorded its highest quarterly import in over 12 years, pushing the country’s trade deficit to its highest ever.
A single-day total internet outage would cost the country N48.596 billion in economic value.
Taxpayers have been notified that naira-denominated tax returns are to be filed via the TaxPro-Max.