Economy
CBN Slashes Customs Duty Exchange Rate as Naira Strengthens
In response to the strengthening of the naira in the official foreign exchange window, the Central Bank of Nigeria (CBN)...
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LCCI Responds to Federal Government’s Plan to Establish a National Commodity Board
The Lagos Chamber of Commerce and Industry (LCCI) has issued a response to the recent announcement by the Federal Government...
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Nigerian Government Records N2.07 Trillion in January Revenue, Allocates N1.15 Trillion
The Federation Allocation Accounts Committee (FAAC) has announced that the total revenue accruing to the Nigerian government reached N2.07 trillion...
Read moreCement Manufacturers Slash Price To N8,000 Following Federal Government Intervention
Cement manufacturers in Nigeria have reached an agreement to reduce the price of the commodity to a range of N7,000...
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IIF, GSG, FRC Collaborate to Boost Capacity for Sustainability Reporting Standards in Nigeria
Impact Investors Foundation (IIF), in partnership with the Global Steering Group for Impact Investment (GSG) and the Financial Reporting Council...
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Nigeria’s Economy: Upstream Oil Production Sees Positive Momentum Amidst Soaring Inflation
Inflationary pressures continue to escalate in Nigeria, with headline inflation surging by 98 basis points to 29.90% year-on-year in January,...
Read moreLCCI Responds to FG’s Plan to Establish a National Commodity Board, stresses private sector involvement in implementation
The Lagos Chamber of Commerce and Industry (LCCI) has issued a response to the recent announcement by the Federal Government...
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Japan looses its crown as world’s third largest economy
Japan has unexpectedly fallen into a recession after its economy shrank for two consecutive quarters, according to figures from the...
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UK economy fell into recession at the end of 2023
The UK fell into recession during the final three months of last year, official figures show, after the economy shrank...
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Nigeria’s Importers Face Escalating Misery as CBN Adjusts Customs Exchange Rate Again
The challenges for Nigerian importers have intensified as the Central Bank of Nigeria (CBN) made yet another adjustment to the...
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