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BUSINESS & ECONOMY

BUSINESS & ECONOMY

BUSINESS & ECONOMY COVER NEWSLETTER

The African Development Bank (“AfDB”), Africa’s premier development financial institution, yesterday announced that its Board of Directors has approved an investment of the Naira equivalent of USD10 million ...
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BUSINESS & ECONOMY COVER NEWSLETTER

Yielding to increasing domestic and global realities, the federal government is targeting a tighter fiscal plan, with a projected budget of N8.65 trillion in 2019. The move to ...
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BUSINESS & ECONOMY COVER NEWSLETTER

The Bauchi State Governor, Mohammed Abubakar, has unveiled that the Excess Crude Account hit $2.09 billion as at Oct. 16. Abubakar told journalists on Thursday after the National ...
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Stocks
BUSINESS & ECONOMY NEWSLETTER

A recovery by global stocks proved short-lived as warnings over a slowing European auto sector soured an upbeat mood, while Wall Street was set for a slightly lower ...
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Eurobond
BUSINESS & ECONOMY NEWSLETTER

The Senate on Wednesday approved the Federal Government’s request to issue a $2.786 billion Eurobond on international debt markets. The lawmakers urged the Federal Government to limit foreign ...
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Uk Inflation
BUSINESS & ECONOMY

UK annual inflation rate dropped more than expected in September on falling food prices, data showed Wednesday, delaying the prospect of Bank of England interest rate hikes until ...
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Foreign Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

The renewed inflationary pressure in the economy may compel the Central Bank of Nigeria (CBN) to raise interest rate just as it strives to maintain exchange rate stability, ...
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BUSINESS & ECONOMY

The Consumer Price Index (CPI) which measures inflation increased by 0.05 percent to 11.28 percent (year-on-year) in September compared to 11.23 percent in the preceding month, the National ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

As fintech continues to revolutionalise financial services in Nigeria, the Central Bank of Nigeria (CBN) and the Chartered Institute of Bankers of Nigeria (CIBN) have advised risk managers ...
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WAMI
BUSINESS & ECONOMY COVER NEWSLETTER

Mrs Ngozi Egbuna, Director-General, West African Monetary Institute (WAMI)  says West African countries have joined forces to interlink their payment system to make trading between African countries easier. ...
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BUSINESS & ECONOMY COVER NEWSLETTER

The Special Presidential Investigation Panel for Recovery of Public Property (SPIP) says it has recovered over N4 billion and 7 million dollars in cash as well as physical ...
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BUSINESS & ECONOMY INTERNATIONAL

Treasury Secretary Steven Mnuchin told CNBC on Friday the stock market plunge this week was a “natural correction.” Markets tend to go too far in both directions, he said, adding ...
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BUSINESS & ECONOMY COVER NEWSLETTER

Gains in consumer goods equities helped to reverse the negative trend at the stock market Thursday, pushing the Nigerian Stock Exchange (NSE) All-Share Index to appreciate by 0.11 ...
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BUSINESS & ECONOMY COVER NEWSLETTER POLITICS & GOVERNMENT

In line with stepping up regulations and tightening money laundering rules, President Buhari has released eight new executive order tagged Voluntary Offshore Assets Regularization Scheme. According to a ...
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stock market graphic image
BUSINESS & ECONOMY

Around the world, stocks have tumbled on the back of concerns surrounding global economic growth and rising interest rates. The International Monetary Fund warned earlier this week that ...
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BUSINESS & ECONOMY COVER NEWSLETTER

Nigeria has expressed concern over the continued closure of Nigerians shops in Ghana two weeks after President Koffi Nana-Akudo gave the order to reopen them. The Senior Special ...
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Budget
BUSINESS & ECONOMY

The Federal Ministry of Finance has released a total of N460 billion for the execution of various capital projects captured in the 2018 Budget. The Minister of Finance, ...
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BUSINESS & ECONOMY COVER

 Fiscal plan records N2.426.73tn funding shortfall   MDAs utilised N1.439tn capital vote Nigeria spent N1, 823.89 trillion in 2017 on debt servicing, indicating a shortfall of N17.45 billion ...
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The Market indices of the Nigerian Stock Exchange (NSE) dropped marginally on Tuesday by 0.08 per cent, reversing the previous day’s gain. The All-Share Index dipped by 27.26 ...
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IMF
BUSINESS & ECONOMY COVER

The International Monetary Fund (IMF) has predicted that inflation rate in Nigeria will rise to 13.5 per cent in 2019. The Counsellor and Director of the Research Department, ...
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