Economics
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Nigeria needs $3tn to bridge infrastructure gap – Report
Global credit rating agency, Moody’s Investors Service, has stated that the infrastructure in Nigeria is behind other emerging market peers,…
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National Bureau of Statistics’ GDP Report says Nigeria is Back into Recession
According to the latest National Bureau of Statistics (NBS) report, Nigeria has officially moved into recession as the Gross Domestic…
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Firms expect borrowing, inflation rates to rise – CBN
The Central Bank of Nigeria has said the firms that participated in its latest business expectations survey expect borrowing and…
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FG seeks fresh $1.2bn loan from Brazil
The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A…
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Soku oil wells: Supreme Court strikes out Bayelsa’s ownership suit against Rivers
The Supreme Court, on Tuesday, struck out two suits filed by the Bayelsa State Government to reclaim ownership of Soku…
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Manufacturing sector hits sixth-month slow growth
The Purchasing Managers Index for the manufacturing sector which started contracting in May recorded another contraction in October according to…
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Niger, Benin, Togo pay Nigeria N2.04bn electricity bill
International customers – Niger, Benin, Togo – who purchase power from Nigeria remitted a total of N2.04bn in the first…
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FCT, Lagos, other artisans set to receive N30,000 grant – Presidency
The Presidency on Tuesday said the payment of N30,000 one-time grant to 330,000 artisans across the country under the Economic…
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Petroleum queues: No need for panic buying, says NNPC
Petrol queues surfaced in parts of Abuja on Monday evening and intensified on Tuesday morning. But the Nigerian National Petroleum…
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Equity market begins with week N42bn gain
Nigerian equity market on Monday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation rose…
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