Economy
Russia Turns to Cryptocurrencies for Oil Trade Amid Sanctions
Russia turns to cryptocurrencies, such as Bitcoin and Tether’s USDT, to navigate its foreign oil trade, particularly with China and...
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NESG Appoints Olusegun Alebiosu, Mohamad Darwish and Wole Adeniyi as Board Members strengthening its Leadership
The Nigerian Economic Summit Group (NESG) has announced the appointment of three leaders, Mr Wole Adeniyi, Mr Mohamad Darwish, and...
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CBN Warns Against Fake Claims of Uncredited Foreign Currency Transfers
The Central Bank of Nigeria (CBN) has issued a strong warning against the increasing number of fraudulent claims made by...
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Nigeria’s Macroeconomic Environment Now Investor-Friendly, Says Finance Minister Wale Edun
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has declared that Nigeria's macroeconomic environment is now...
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FG Plans Massive Borrowing and Debt Servicing Allocation in 2025-2027 Fiscal Strategy
The Federal Government of Nigeria has unveiled its 2025-2027 Medium-Term Expenditure Framework and Fiscal Strategy Paper, outlining a substantial shift...
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Japan Pledges Stronger Trade Ties with Nigeria Amid Economic Challenges, Highlights Productive Outcomes at Lagos Trade Fair
Japan has reaffirmed its commitment to strengthening trade relations with Nigeria following its participation in the recent Lagos International Trade...
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Nigeria’s Manufacturing Sector Sees Surge in Investment Amid Challenges of Job Loss and Low Capacity Utilization
Despite facing significant hurdles due to the depreciation of the naira in 2023, Nigeria’s manufacturing sector has experienced notable growth...
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Federation Accounts Allocation Committee (FAAC) Disburses NGN1.30 Trillion to Governments in October, Marking 7.9% Increase
The Federation Accounts Allocation Committee (FAAC) announced last week a notable increase in the disbursement to the three tiers of...
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Nigeria’s Headline Inflation Rises to 32.70% Amid Food and Transport Cost Increases
The National Bureau of Statistics (NBS) has reported a notable rise in Nigeria's headline inflation, which increased by 55 basis...
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Nigeria’s Domestic Economy: Decline in Capital Importation and Equity Transactions Signals Cautious Investor Sentiment
According to the latest data from the National Bureau of Statistics (NBS), Nigeria's capital importation witnessed a significant decline of...
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