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Moody's Investors Service (Moody's) has downgraded the Government of Nigeria's long-term foreign-currency and local-currency issuer ratings as well as its foreign currency senior unsecured debt ratings to Caa1 from...

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Moody’s Downgrades Nigeria’s Ratings to Caa1 With a Stable Outlook

Moody's Investors Service (Moody's) has downgraded the Government of Nigeria's long-term foreign-currency and local-currency issuer ratings as well as...

Eterna Oil Returns to Annual Profit as Expansion Drive Payoff

Eterna Oil Plc has turned to annual profit, which validates the downstream oil and Gas Company’s aggressive drive into...

CBN, NIBSS Unveil ‘AFRIGO’ The Nigerian National Domestic Card Scheme

The Central Bank of Nigeria has officially unveiled the Nigerian National Domestic Card Scheme - AFRIGO, in conjunction with...

NDPB Plans Creation Of Accelerated Data Protection Remediation Unit 

By Abdulwaheed Olayinka Adubi, Kaduna The Nigeria Data Protection Bureau (NDPB) has disclosed its plan to set up an Accelerated...

Ukraine Hit by Russian Missiles Day After West’s Offer of Tanks

Russia launched a wave of missiles at Ukraine on Thursday, a day after Germany and the US pledged tanks...

Rwanda Accused of ‘Act of War’ as DRC Fighter Jet is Hit Mid-air

The Democratic Republic of Congo (DRC) on Tuesday denounced Rwanda’s accusation that a Congolese fighter jet violated Rwandan airspace,...

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New Naira: Zulum Orders Emergency Microfinance Banks As 25 of  Borno’s 27 LGAs Lack Banking services

By Abdulwaheed Olayinka Adubi, Kaduna Borno State Governor, Babagana Umara Zulum, has directed the State Ministry of Finance and that...

Central Bank Nigeria Raises Interest Rate To 17.5%

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rate from 16.5...

Investments Shrinking Share of Nigeria’s GDP Helps Explain Low Growth

Nigeria's shrinking size of private investments in recent times has impacted on the trend GDP growth rate, pushing it...

FIRS Crosses N10 trillion Mark in Revenue Collection

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N23.70 trn Ways and Means Loans to Drain Liquidity in Financial System

The plans by the Federal Government to move the Ways and Means loans into the financial system will drain...

Buhari Restructures Ministry of Finance Investment Vehicle, Appoints New CEO

By Abdulwaheed Olayinka Adubi President Muhammadu Buhari has restructured the Ministry of Finance Incorporated (MOFI) with the constitution of a...
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