The Central Bank of Nigeria (CBN) on Monday said it will no longer approve payment of foreign exchange to form M applicants who do so through a company and agent.…
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Category: Economy
World Bank delaying approval for Nigeria’s $1.5bn loan over naira reforms – Report
The World Bank is delaying approval of Nigeria’s request for a $1.5 billion loan due to concerns over desired reforms, according to Reuters report. According to the publication, unidentified sources…
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Amaechi, Reps intensely disagree over alleged $33bn loan
The House of Representatives Committee on Treaties, Protocols and Agreements and the Federal Ministry of Transport on Monday disagreed over commercial contract figures signed by the ministry. The disagreement was…
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FG weighing its options against Ghana over clampdown on Nigerian traders, says Onyeama
By our reporter| The federal government on Monday said it is weighing its options over the closure of shops belonging to Nigerian traders in Ghana. Geoffrey Onyeama, minister of foreign…
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Prices of foodstuff inflation to 12.82%
The consumer price index, which measures the rate of increase in the price of goods and services, rose to 12.82 percent in July 2020, according to the inflation report released…
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