Economy

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  Fitch lowers Nigeria’s ratings, says further contraction likely

  Fitch Ratings, a global credit rating agency, on Thursday downgraded Nigeria’s long-term foreign currency...

  • Posted June 25, 2016
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  Naira devaluation, oil sector crisis threaten banks

  The capital adequacy ratios of a number of Nigerian banks will come under increasing...

  • Posted June 25, 2016
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  NRC increases Lagos goods trains, eyes fuel haulage

  The Nigerian Railway Corporation says it has increased its capacity for goods haulage, especially...

  • Posted June 23, 2016
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  CIS endorses CBN’s floating exchange rate policy

  The Chartered Institute of Stockbrokers (CIS) has applauded the Central Bank of Nigeria (CBN)...

  • Posted June 23, 2016
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  NPA boss foresees 2016 revenue rising as naira floats

  Revenue from Nigeria’s ports may beat initial estimates this year after the country abandoned...

  • Posted June 23, 2016
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  FG unveils new debt management strategy

  The federal government has unveiled a new debt management strategy to run from 2016...

  • Posted June 23, 2016
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  FG to raise foreign borrowing to 40%

  The Federal Government on Monday unveiled a new debt management plan for 2016 to...

  • Posted June 22, 2016
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  CBN okays Wema Bank as FX Primary Dealer

  Following the recent commencement of trading on the Nigeria Interbank Foreign Exchange (NIFEX), and...

  • Posted June 22, 2016
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  CBN clears $4.55bn in Spot and Forward trading as naira peg is lifted

  Trading took off under the new rules for the Nigeria Interbank Foreign Exchange (NIFEX)...

  • Posted June 22, 2016
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  Financial institutions key to SDGs attainment – Minister

  Ahe Minister of Environment, Mrs. Amina Mohammed, has said that financial institutions are vital...

  • Posted June 21, 2016
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