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Category: Economy

Business Economy headline

Nigeria’s oil wealth insufficient to tackle challenges – Buhari

Iheanyi Ejiofor November 28, 2019 No Comments #Nigeria’s oil wealth insufficient to tackle challenges – Buhari

Nigeria is rich in petroleum resources, but the challenges confronting the country are so enormous as to render the oil earnings insignificant, President Muhammadu Buhari has said. The president spoke…

Read More Nigeria’s oil wealth insufficient to tackle challenges – Buhari
Business Economy

Again, Buhari asks Senate to approve 2016-2018 external borrowing plan

Iheanyi Ejiofor November 28, 2019 No Comments AgainBuhari asks Senate to approve 2016-2018 external borrowing plan

Yusuf Bello| President Muhammadu Buhari on Thursday asked the senate to approve the federal government’s 2016-2018 external borrowing plan. The president’s request was contained in a letter he sent to…

Read More Again, Buhari asks Senate to approve 2016-2018 external borrowing plan
Business Economy headline

Border closure reason for rising food inflation- Ahmed

Iheanyi Ejiofor November 28, 2019 No Comments #Border closure reason for rising food inflation- Ahmed

Yusuf Bello|The federal government on Wednesday linked the rise in headline inflation in October to the border closure drill by government. The recent figures from the Nigeria Bureau of Statistics…

Read More Border closure reason for rising food inflation- Ahmed
Business Economy headline

Again CBN MPC retains policy rate at 13.5 percent

Iheanyi Ejiofor November 26, 2019 No Comments #Again CBN MPC retains policy rate at 13.5 percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the benchmark rate at 13.5%. The apex bank governor, Godwin Emefiele, made the disclosure at…

Read More Again CBN MPC retains policy rate at 13.5 percent
Business Economy headline

Capital importation into Nigeria down By 7.7% in third quarter- NBS

Iheanyi Ejiofor November 25, 2019 No Comments #Capital importation into Nigeria down By 7.7% in third quarter

The National Bureau Of Statistics (NBS) on Monday said the bulk of capital importation into Nigeria declined by 7.7% in the third quarter of 2019 (July-September). According to the report,…

Read More Capital importation into Nigeria down By 7.7% in third quarter- NBS

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