Economy
Nigerian Forex Market Witnesses Surge in Inflows, Highest Since 2019
According to data obtained from FMDQ, total inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) experienced a substantial increase...
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Manufacturers Association of Nigeria Reports ₦1.5 Trillion Loss in Six Months Due to Forex Transactions
The Manufacturers Association of Nigeria (MAN) has revealed that its members have incurred losses amounting to at least ₦1.5 trillion...
Read moreManufacturers Advocate Balanced Regulatory Environment
Manufacturers under the umbrella of the Manufacturers Association of Nigeria (MAN) have called on regulators to create an environment that...
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Nigerian Private Sector Faces Pressure as Currency Weakness Spurs Price Rises
The Nigerian private sector experienced further challenges in March as the impact of currency weakness led to an increase in...
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National Institute of Credit Administration Advocates Credit Availability to Boost Made in Nigeria Goods
The National Institute of Credit Administration (NICA), Nigeria's statutory body for the control, supervision, and regulation of the credit management...
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Dangote Oil Refinery Begins Supplying Petroleum Products to Nigerian Market
The Dangote oil refinery, touted as Africa's largest, commenced supplying petroleum products to the local market yesterday, confirmed by a...
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Nigerian Rail Transport Revenue Increases by 8.8% in 2023, Despite Decline in Passenger Numbers
The National Bureau of Statistics (NBS) has reported an 8.8 percent year-on-year increase in revenue for rail transport in Nigeria,...
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CBN Slashes Exchange Rate as Dollar Sale Commences
In a significant move aimed at stabilizing the forex market, the Central Bank of Nigeria (CBN) has announced a reduction...
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NGX RegCo and FRCN Unveil Roadmap for Sustainability Financial Reporting Standard Adoption
In a joint effort aimed at advancing sustainable business practices, the Nigerian Exchange Regulation Limited (NGX RegCo) and the Financial...
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Nigeria Spends N4.38 Trillion Servicing Domestic Debt in 2023, DMO Reports
The Debt Management Office (DMO) of Nigeria has revealed that a total of N4.381 trillion (N4,381,207,357,790.30) was utilized for servicing...
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