The Federation Account Allocation Committee (FAAC) has shared a total sum of N966.110 billion in the month of July 2023 as Federation…
Category:
Economy
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Nigeria Sovereign Investment Authority Managing Director and Chief Executive Office, Mr Aminu Umar-Sadiq, has said that the Authority committed $500 million to…
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EconomyNews
OPS urges Tinubu to develop an all-encompassing economic, fiscal plan, divestment of state-owned real estate
Organised Private sector has urged the Tinubu led administration to consider the urgent need for an all-encompassing economic and fiscal plan, full/…
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An economist, Dr Chijioke Ekechukwu, has lauded the emergency three billion dollars crude oil repayment loan secured by the National Petroleum Company…
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The Edo State Governor, Mr. Godwin Obaseki, has linked the aggravating socio-economic challenges bedeviling the nation to the failure of the federal…
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The Federal Government has promised a grant of N5 billion to each state and the Federal Capital Territory (FCT) as palliative to…
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EconomyNews
War against smugglers, 299 cartons of codeine, 4,252 bags of rice, 5600 litres of PMS, intercepted—Customs
Nigerian Customs Service, NCS has said that in a series of efforts in Oyo, Ogun, and Lagos States have intercepted 299 cartons…
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EconomyFinanceNews
NNPC secures $3bn facility from Afrexim to stabilise FX market as Nigeria’s eurobonds drop
NNPC has said that it has secured a $3 billion crude oil repayment loan from Cairo-based Afrexim Bank that will support the…
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EconomyNews
Nigerians, businesses groan under hyper inflation rate of 24.08% in July 2023 pushed subsidy removal
Nigerians whether PDP, APC or labour party are groaning under hyper inflation that has surged to 24.08 per cent in the month…
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The Federal Government has debunked reports that it has set up an adhoc committee for the reconstitution of boards and parastatals. Secretary…
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Uganda’s President Yoweri Museveni has accused the World Bank of seeking “to coerce” the government over its anti-LGBT legislation. It follows the…
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In continuation of its strategy to assist African businesses in increasing their international presence, the African Export-Import Bank (Afreximbank) and international consultants…
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EconomyNews
Tinubu sets 18% tax to GDP target in 3 years for Nigeria, vows to end over reliance on borrowing for public expenditure
President Bola Tinubu on Tuesday in Abuja expressed his resolute commitment to break the vicious cycle of overreliance on borrowing for public…
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Italy is the latest European country to hit banks with a windfall tax in a surprise move on their profits, which have…
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EconomyNews
Restoration of 3000 hectares of shorelines in Ogoniland begins with 10 million mangrove seedlings to be planted
The Hydrocarbon Pollution Remediation Project, HYPREP, has disclosed that it has begun the restoration of over 3000 hectares of degraded shorelines in…