NESG Warns Oil Sector Slump Threatens 2025 Budget Execution
The Nigerian Economic Summit Group (NESG) has issued a strong warning to the federal government, highlighting that the ongoing slowdown ...
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Tag: #Nigerianeconomy
CBN Holds Benchmark Interest Rate at 27.5% to Sustain Disinflation Momentum
The Central Bank of Nigeria (CBN) has decided to maintain all key monetary policy parameters, including the Monetary Policy Rate ...
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NNPC Remits ₦6.96tn to Federation Account in Five Months, Posts ₦905bn June Profit
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disclosed that it remitted a total of ₦6.96 trillion to the ...
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IMF Flags Weak Social Safety Net in Nigeria Amid Ongoing Reforms
The International Monetary Fund (IMF) has expressed concern over the lack of a robust social safety net in Nigeria, warning ...
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NGX Group Chairman Applauds Dangote, Urges Listing of Fertiliser and Refinery Businesses
The Group Chairman of the Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga, has commended Africa’s richest man, Aliko ...
Read moreNNPCL Reports N748bn Profit, N5.89tn Revenue in Q1 2025
The Nigerian National Petroleum Company Limited (NNPCL) has released its first financial report under the current leadership, detailing a strong ...
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Seven States Spend 190% of IGR on Debt Servicing in Q1 2025
Seven Nigerian states are facing severe fiscal pressure, having spent an average of 190 per cent of their Internally Generated ...
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CBN Launches Re-Validation of $2.4bn Foreign Exchange Claims Amidst Manufacturer Concerns
The Central Bank of Nigeria (CBN) has initiated a re-validation exercise aimed at addressing the complaints of manufacturers and importers ...
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FOREX: CBN Caps Bureau De Change Cash Sales at $5,000 Per Transaction to Stabilize Market
The Central Bank of Nigeria (CBN) has imposed a limit of $5,000 on the amount of foreign exchange that Bureau ...
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Nigeria’s Crude Oil Production Increases by 36,983 bpd in August Amid Intensified Fight Against Oil Theft
Nigeria’s crude oil and condensate production saw a slight increase in August 2024, rising by 36,983 barrels per day (bpd) ...
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