Economy

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  CBN concerned about growth as nation awaits cabinet

  The Central Bank of Nigeria (CBN) will retain foreign currency controls because of concerns...

  • Posted October 2, 2015
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  Nigeria’s Forex reserves fall by $1bn

  Nigeria’s foreign exchange reserves fell 3.14 per cent to $30.48 billion by September 23...

  • Posted October 2, 2015
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  Nigeria, other commodity exporters facing difficulty – IMF

  With a weak outlook for commodity prices, particularly for energy and metals, growth in...

  • Posted October 1, 2015
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  Nigeria, others’ Eurobonds hit new lows

  Prices for Eurobonds from Nigeria and many commodity-exporting emerging markets have fallen sharply this...

  • Posted October 1, 2015
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  FG to increase Excess Crude Account to $3.95bn

  The Federal Government, in a bid to attain robust external reserves, is planning to...

  • Posted September 30, 2015
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• Economy already in recession – TUC tells CBN Governor

  The Trade Union Congress has faulted the position of the Governor of the Central...

  • Posted September 29, 2015
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  Fitch affirms Nigeria’s ‘BB-‘ Ratings assigns Nigeria negative outlook

  Fitch Ratings has affirmed Nigeria’s long-term foreign and local currency Issuer Default Rating (IDRs)...

  • Posted September 27, 2015
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  Release funds to stimulate economy – Group tells Buhari

  The Centre for Social Justice on Thursday called on President Muhammadu Buhari to release...

  • Posted September 26, 2015
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  Recession: Economic recovery unlikely soon – Experts predict

  The slow growth that the Nigerian economy is experiencing may not lead to recession...

  • Posted September 26, 2015
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  CBN cuts CRR to 25%, holds benchmark rate at 13%

  Concerned by the seeming shortage of cash in the banking system as well as...

  • Posted September 24, 2015
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