Economy
MAN tackles CBN over N1tn low-interest loan
Manufacturing companies have said they cannot access loans at the Central Bank of Nigeria’s five per cent lending rate under...
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World Bank says recession will be ‘hard to avoid’ for many countries
World Bank has added its voice to the growing chorus sounding recession alarm bells. In its latest outlook, World Bank...
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Yusuf: CBN Disbursed N40bn to IKEDC, Commends Pace of Lagos Rail Projects
The Central Bank of Nigeria (CBN) has revealed that it disbursed N40 billion to Ikeja Electricity Distribution Company (IKEDC),through it’s...
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Manufacturing trade deficit hits N2.6tn despite forex shortage
The value of the manufactured goods trade deficit was N2.6tn in the fourth quarter of 2021, according to data from...
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Nigeria’s economic growth to average 3.2% till 2023, says AfDB
African Economic Outlook 2022, released by the African Development Bank (AfDB), has projected the average growth rate of Nigeria’s economy...
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FG approves tax relief, incentives for startups
The Federal Executive Council (FEC) has approved a plan to incentivise and further harness Nigeria’s digital innovation and entrepreneurship ecosystem....
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FG Vows Support for NEXIM Bank to Raise Non-oil Export Revenues to 30%
The Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, has said the federal government would provide the necessary...
Read moreFG woos investors to Calabar, Kano free trade zones
The Federal Government has called on potential investors to revive, reform, and transform Calabar and Kano free trade zones (FTZs)...
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World Bank to review poverty index over inflation, others
The World Bank plans to revise the global poverty line from $1.90 to $2.15 due to increases in the costs...
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Nigeria Looks to Canada for Emergency Potash Supply to Replace Russia
Nigeria bought emergency supplies of Canadian potash in April after the country was unable to import the key fertiliser ingredient...
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