Business & Economy

THE World Bank has approved a $400million credit to Nigeria, a statement yesterday announced. The additional financing from the International Development Association (IDA) will cover…
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JUSTICE Taiwo Taiwo of the Federal High Court, Abuja, on Thursday, gave the Central Bank of Nigeria (CBN) the approval to use the eNaira for its digital currency. A firm, ENaira…
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THE Central Bank of Nigeria (CBN) has postponed the launch of its digital currency, eNaira. The CBN’s Director of Corporate Communications, Osita Nwanisobi, disclosed this in a…
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THE Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the Federal Government needed about $100 billion annually to address the nation’s infrastructure deficit. He…
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A FORMER Emir of Kano, Sanusi Lamido Sanusi, lamented says that the country's economy is on the verge of total collapse. Sanusi, who stated this at the ongoing Kaduna Investment…
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THE World Bank has banned 55 Nigerian companies for various procurement offences in the last 20 years. In a note obtained from its website yesterday, World Bank said at least 14…
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THE Nigerian National Petroleum Corporation will be able to issue its Initial Public Offer to investors in the next three years. The Group Managing Director of the NNPC, Mele Kyari,…
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PRESIDENT Buhari says his administration's focus on job creation, consistency in policy and innovation stimulated a 5% growth of the economy in the second quarter, 2021, which…
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THERE is a myth among nonprofessional traders that Forex trading is banned in Nigeria, but this is not true. Forex is not prohibited in the country, but the actions of brokers…
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IN the wake of the implementation of the Petroleum Industry Act (PIA), the Petroleum Products Pricing Regulatory Agency (PPPRA) has allayed fears of Nigerians over an increase in the…
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