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Tuesday, September 21, 2021
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CATEGORY

Economy

India, Spain, China Emerge Nigeria’s Top Trade Partners in Q1, 2021

India, Spain and China were the top trading partners to Nigeria in the first quarter of 2021, according to the latest foreign trade report...

FCT, Lagos, Kaduna, Anambra Have Most Sustainable Debt Burden

Nigerian States and Federal Debt Stock data as of 31st March 2021 reflected that the country's total public debt portfolio stood at N33.11 trillion,...

Dangote Catapults Nigeria into Top – 10 Urea Producers Globally

Dangote Industries Limited $2.5 billion granulated urea fertilizer plant which commenced operations this month has catapulted the country to become a top-10 producer of...

CBN Spending Net Sum of $1billion a Month to Defend Naira

The Central Bank of Nigeria (CBN) is spending a net sum of roughly $1 billion a month to defend the Naira even as pressure...

Buhari Seeks Senate’s Approval of N895bn 2021 Supplementary Budget

President Muhammadu Buhari has written to the Senate seeking its approval of the 2021 Supplementary Budget which portfolio stands at N895 billion.The President of...

West African States Postpone Launch Of Regional Currency ECO To 2027

An ambitious plan for 15 West African countries to adopt a common currency the ECO has been pushed back to 2027.The eco, meant to...

Nigeria to See Growth Rebound in Q2, Q3 2021 – World Bank

Nigeria is set to see a rebound in growth in the second and third quarter of 2021, according to the World Bank in a...

Nigeria lost roughly N27 trillion in economic output under Buhari

As President Muhammadu Buhari celebrates his 6th year of being the democratic President of Nigeria, it is his poor economic scorecard that may expose reasons...

Nigerian Naira Set to Test Key N500 per Dollar Resistance Level

The Nigerian Naira is set to test a key resistance level at the N500 per dollar (USD) mark that if breached could lead to...

CBN Migrates to Single Naira Exchange Rate with New Devaluation

The Central Bank of Nigeria (CBN) devalued the naira by 7.6 percent against the dollar as authorities in Africa’s biggest oil producer migrate toward...

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