Economy
We generated $1.20bn through RT200 programme in Q3 2022 – CBN
The Central Bank of Nigeria (CBN) yesterday, revealed that its RT200 programme generated $1.20 billion from repatriations at the end...
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FG Set to Open N30trn Govt Assets for Investment, Restructuring of MOFI
President Muhammadu Buhari has approved the process of restructuring the Ministry of Finance Incorporated (MOFI), the federal government’s investment vehicle,...
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FG to pay CBN’s N20tr overdraft with treasury bills
The Federal Government has opted to repay its N20 trillion loans advance or overdraft with the Central Bank of Nigeria...
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Nigerians pay N1.23tn tax to 36 states
Nigerians across 36 states of the federation paid N1.23tn in taxes in 2021, a 19.19 per cent increase from the...
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UBA Deputy Managing Director Muyiwa Akinyemi lauds NEXIM, NEPC, CBN efforts to boost export earnings
The UBA deputy Managing Director Muyiwa Akinyemi has commended the Nigerian Export Promotion Council (NEPC) and the Nigerian Export-Import Bank...
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FEC approves N203bn MTN takeover of Enugu-Onitsha Road
The Federal Executive Council, on Wednesday, approved MTN’s takeover of the construction of the Enugu-Onitsha Expressway at over N202.8bn under...
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N20.51tn 2023 budget undergoes second reading –
The Senate, on Wednesday, passed the N20.51tn 2023 budget for second reading. The budget was presented to the joint session...
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Collapsed Lagos port infrastructure missing in 2023 budget
Nigeria may lose its two major seaports to total infrastructure collapse as the Federal Government excludes Apapa and TinCan Island...
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FG approves Lekki-Epe airport, projects five million passengers
The Federal Government said on Monday that the Lekki-Epe international airport, upon completion, would cater for about five million air...
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IMF lowers Nigeria’s growth projection to 3.2%
The International Monetary Fund has lowered Nigeria’s 2022 economic growth projection to 3.2 per cent. This is 0.2 percentage points...
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