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Monday, October 18, 2021
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CATEGORY

Economy

Aviation Industry Shows Sign of Life After Pandemic Slump

The skies are busy again as there has been an improvement in air passenger traffic in the second quarter, thanks to the reopening of...

Nigeria Oil Production Climbs to 1.45 million bpd in September

Nigeria's oil production hit an average of 1.451 million bpd, latest data from the Monthly Oil Market Report (MOMR) published by the Organisation of...

FIRS Generated N4.2trn Via Taxes in 9 Months – Nami

The Federal Inland Revenue Service (FIRS) has disclosed that it generated revenues to the tune of N4.2 trillion in the first nine months of...

CBN Should Bow To Market Forces as Naira Artificially Low – Osinbajo

Vice-President Yemi Osinbajo has called on the Central Bank of Nigeria to allow the naira reflect the realities of the market.The national currency is...

Buhari Unveils N16.39tn Budget for 2022 With Spending up 25%

Nigeria's president Muhammadu Buhari unveiled a record N16.39 trillion ($39.8 billion) budget for 2022 on Thursday, with a projected 25% year-on-year rise in government...

World Bank Raises Nigeria’s Growth Projection to 2.4 Percent

The World Bank expects the Nigerian economy to grow by 2.4 percent in 2021.The projection is contained in the bank’s Africa Pulse, a biannual...

FG: We’ll Borrow to Finance N6.258trn 2022 Proposed Budget Deficit

The federal government has hinted of its readiness to secure both local and foreign loans to finance the N6.258 trillion deficit in the proposed...

CBN: $2bn Spent on Wheat Importation Annually

The Central Bank of Nigeria (CBN) has revealed that the importation of wheat costs the country about $2 billion annually, thereby exerting pressure on...

CBN eNaira : Charting a New Course for Financial Inclusion

The Central Bank of Nigeria (CBN) is set to launch a digital currency this week. Dubbed the “eNaira", the Central Bank Digital Currency (CBDC)...

Like ‘Tail Wagging Dog’ BDCs Proliferation Set Stage for Naira Chaos

…CBN has licensed 3,177 new BDCs since 2014 under Emefiele The Bureaux de Change (BDC) segment of the Nigerian foreign exchange (FX) market was supposed...

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