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Monday, July 6, 2020

Buhari: Nigerian economy to earn $3.61bn from Lekki Deep Sea Port

President Muhammadu Buhari on Thursday flagged off the construction of the Lekki Deep Sea Port in Lagos, pledging that the Federal Government would give the needed support to the project. According to Mr Buhari the $2.23bn project would enable Nigeria’s economy to start earning an...

2018 MPC: Financial experts seek interest rate of 13%

Lagos – Some financial experts on Monday expressed optimism that the Monetary Policy Committee (MPC) would ensure ease the Monetary Policy Rate (MPR) at its first 2018 meeting slated for April 3 and April 4. The financial experts said this in an interview ,...

Nigerian fundamentals suggest scope for rate cut as senate clears way for central bank’s MPC meeting

ABUJA, March 22 -Nigeria’s fundamentals suggest there may be scope for a rate cuts as senate approves the appointment of two deputy central bank governors and three members of the Monetary Policy Committee (MPC) on Thursday, giving the rate-setting panel sufficient numbers to...

FirstBank processes over N1 Trillion on its 894 Quick Banking Channel

First Bank of Nigeria Limited has recorded giant strides in its Financial Inclusion services delivery, via its 894 quick banking, a USSD based channel that enables customers to access banking services using any type of phone and without data/internet. The 894 banking scheme, which...

Correction: Nigeria’s foreign reserve hits $42.8bn

The nation’s foreign reserve has hit $42,8 billion. The image maker of the Central Bank of Nigeria (CBN), Mr. Isaac Okoroafor, disclosed this at a meeting with Rice Farmers Association of Nigeria (RIFCAN) this Morning, in Abuja. He attributed the steady growth of te...

Nigeria lists $3b Eurobond, $300m Diaspora bonds as fears mounts over currency risk on dollar loans

The Federal Government has allayed fears that its increasing recourse to foreign-currency denominated bonds may pose considerable currency risk and debt crisis as government has taken measures to ensure that it maintains a prudent and sustainable debt strategy. Debt Management Office (DMO) Director-General, Ms Patience...

2019: Buhari hints at Re-election bid

Maintains he belongs to everyone as reason for backing Adesina for AfDB presidency Omololu Ogunmade in Abuja President Muhammadu Buhari dropped a major hint in Abidjan, Cote d’Ivoire, on his presidential run for a second term in the 2019 elections when he...

Nigeria’s GDP Grew by 1.40% in Q3’17

Overview of GDP in Quarter Three 2017 The nation’s Gross Domestic Product (GDP) grew in Q3 2017 by 1.40% (year-on-year) in real terms, the second consecutive positive growth since the emergence of the economy from recession in Q2 2017. This growth is 3.74% points higher...

FG Seeks Strong Capital Market to Drive Economic Diversification, Growth

Goddy Egene The Vice President of Nigeria, Prof. Yemi Osinbajo has said the country need a strong capital market to support the development and diversification strategy of the federal government. Osinbajo stated this while speaking at 2017 Nigerian Debt Capital Markets Conference &...

Nigerian inflation eases for seventh month in August to 16.01 pct

LAGOS, Sept 15 - Annual inflation in Nigeria slowed for a seventh month in August, easing to 16.01 percent, the National Bureau of Statistics (NBS) said on Friday. The rate of annual inflation was 0.04 percent lower than in July. “The highest increases were recorded in...
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