Economy

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  Nigerian interbank rate jumps on cash shortage

  Nigerian interbank lending rates rose by around 100 percentage points yesterday, as commercial lenders...

  • Posted April 15, 2017
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  Banks breached FX borrowing limit – CBN

  The Central Bank of Nigeria (CBN) has increased the limit on banks’ foreign currency...

  • Posted April 15, 2017
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  Dangote to list refinery, petrochemical coys on NSE

  Alhaji Aliko Dangote, past President of the Nigerian Stock Exchange (NSE) on Monday promised...

  • Posted April 12, 2017
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  Naira slides to 410/$ at BDCs, traders pledge support to CBN

  Naira yesterday slipped further to 410 against the United States Dollar due to apprehension...

  • Posted April 12, 2017
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  No more rice through Free Trade Zones – Customs

  The Comptroller General of Customs (CGC), Col. Hameed Ali (rtd), has directed a restriction...

  • Posted April 11, 2017
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  FG to revive sale of 10 NIPP plants in new economic plan

  The Federal Government has said it would conclude the sale of 10 brand new...

  • Posted April 10, 2017
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  Buhari launches economic recovery plan

  President Muhammadu Buhari Wednesday morning launched the Nigeria Economic Recovery and Growth Plan. The...

  • Posted April 6, 2017
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  CBN to inject another $10,000 to BDCs

  The Central Bank of Nigeria (CBN) will inject additional 10,000 dollars proceeds of International...

  • Posted April 6, 2017
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  2016: DangoteCem defies recession, records 25.1% growth

  In spite of the economic recession that hit Nigeria in 2016, especially the production...

  • Posted April 5, 2017
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  Expert predicts naira appreciation as BDCs receive more Diaspora remittances

  Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON) has...

  • Posted April 5, 2017
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