Economy

LCCI urges CBN to indicate cautious future rate cuts

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to take a cautious stance on...

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World Bank: Half of Nigerians Now in Poverty as Inflation outruns Minimum Wage

BY Bonny Amadi Nearly half of Nigeria’s population is now living in poverty as inflation continues to outrun the purchasing power of...

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CBN’s MPC Retaining 27.50% MPR triggers Boost in fixed income, equities market

Noted drop in balance of payment surplus to $1.10bn in Q4-24, from USD4.21bn in Q3-24 BY BONNY AMADI The Monetary Policy Committee...

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Debt: N1.85trn repaid by 33 States in 18months—NOA

BY BONNY AMADI The National Orientation Agency (NOA) has disclosed that the federal and state governments have reduced their debt burden remarkably....

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ECOWAS Bank for Investment and Development set to open country office in Côte d’Ivoire

As part of efforts to grow its commitments in the ECOWAS sub-region while continuing to support socio-economic development, the ECOWAS Bank for...

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Youth Unemployment, Lack of Human Capital Investments: World Bank Warns Nigeria

BY Bonny Amadi The World Bank has warned Nigeria about the lack of jobs for its growing labour force, which consists largely...

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IMF Confirms Nigeria’s Repayment Of $3.4bn Pandemic Loan

Says Country owes about $30m Annually in Charges The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the US$3.4...

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FCCPC Lacks Power to Regulate Prices in Free Market Economy…. Court Rules

BONNY AMADI WITH AGENCY REPORT The Nigerian Federal High Court in Abuja has ruled that the Federal Competition and Consumer Protection Commission...

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IMF’s 3% economic growth forecast short of Nigeria’s potential – IMPI

The Independent Media and Policy Initiative (IMPI) has questioned the rationale by the International Monetary Fund (IMF) for downgrading its economic growth...