Economy

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  Forex crisis: Fitch downgrades 10 Nigerian banks

  A leading global rating agency, Fitch Ratings, has revised down the Support Rating Floors...

  • Posted November 22, 2016
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  Local cement production saves Nigeria $2bn annually – Dangote

  Nigeria is saving about $2bn annually as a result of the local production of...

  • Posted November 22, 2016
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  Ban export of Nigeria’s grains – Tambuwal tells FG

  Against the backdrop of the concerns in some quarters over the outbreak of famine...

  • Posted November 21, 2016
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  Naira to trade tight on CBN’s measures

  The naira is expected to trade in a tight range at the official and...

  • Posted November 20, 2016
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  FG moves against agencies over financial abuse

  The Federal Government has decided to come down hard on some its revenue-generating agencies...

  • Posted November 19, 2016
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  Nigeria’s bond sale falls far short, investors demand higher yields

  Nigeria sold far fewer bonds than it offered on Wednesday, as investors demanded higher...

  • Posted November 19, 2016
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  FMDQ suspends publication of Interbank FX Closing Spot Rate

  Considering the liquidity challenges and prevalent disequilibrium currently facing the Nigerian Foreign Exchange (FX)...

  • Posted November 18, 2016
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  Dollar scarcity, key challenge to Nigerian companies –Moody’s

  Global rating agency, Moody’s Investors Service, on Wednesday said the scarcity of United States...

  • Posted November 18, 2016
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  EU seeks stronger economic ties with Nigeria

  The European Union says it is committed to ensuring the sustainability of the economic...

  • Posted November 16, 2016
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  Inflation hits 94-month high at 18.3%

  Hopes that the country’s inflation rate would moderate as a result of the various...

  • Posted November 16, 2016
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