Economy
Tinubu Eyes N6.2trn Supplementary Budget 2024
Today, President Bola Tinubu, requested the National Assembly to amend the 2024 Appropriation Act with an increase of N6.2 trillion....
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MyCoverGenius: Bolt Achieves Major Insurance Milestone with 1,000 Claims Processed
Bolt, Africa's leading on-demand mobility company, in partnership with MyCoverGenius, has reaffirmed its commitment to the safety and security of...
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IMF Downgrades Nigeria’s Economic Growth Outlook to 3.1%
The International Monetary Fund (IMF) has cut its forecast for Nigeria’s economic growth in 2024 to 3.1 percent. The downgrade...
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Access Bank Secures $50 Million from UK’s British International Investment
British International Investment (BII), the UK’s development finance institution and impact investor, has committed $50 million to Access Bank. This...
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FG, States, LGAs Share N1.354 trillion – FAAC
The Federation Accounts Allocation Committee (FAAC), has shared N1.354 trillion June revenue among the federal government, states, and local government...
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Stanbic IBTC Bank Expands Securities Lending Services
Stanbic IBTC Bank Limited, a custodial and investor services company in Nigeria, has announced the extension of its securities lending...
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Binance Exec Tigran Gambaryan Arrives to Court in a Wheelchair
Tigran Gambaryan, a Binance executive, had to be wheeled into court by his lawyers in a wheelchair today as his...
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Nigeria’s Economy Poised for Rebound, Says CBN
The Central Bank of Nigeria (CBN) reassured Nigerians on Monday that the economy will emerge strong from the current economic...
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Lagos to Inject $260 Million to State Economy, Signs Deal for LAGRIDE
The Lagos State Governor, Mr. Babajide Sanwo-Olu, oversaw the signing of a new joint venture partnership between the state-owned corporation,...
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FRC issues Corporate Governance Code
The Financial Reporting Council (FRC), the Ministry of Finance Incorporated (MOFI), and the Institute of Directors Center for Corporate Governance...
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Lagos LGAs Lead, as LGAs Get 1.42trillion in five months
Official records from the National Bureau of Statistics (NBS), have revealed that Local government Areas from Lagos State got the...
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Nigeria’s Inflation Rate Up 34.19 % Amid Rising Cost of Living
Nigeria’s headline inflation rate has increased for the fifth consecutive month to 34.19 percent as residents of Africa’s most populous...
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Nigeria’s Food Importation Policy Could Destroy Country’s Agriculture, warns Akinwumi Adesina
Dr. Akinwumi Adesina, the president of the African Development Bank Group, has said the decision by Nigeria’s government to allow...
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Maintaining Liquidity: CBN Sells $122.67 Million to 46 Authorized Forex Dealers
The Central Bank of Nigeria (CBN) has sold about $122.67 million to 46 authorized dealers as part of its efforts...
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CBN Appoints New Managing Director for Currency Printing Company
The Central Bank of Nigeria (CBN) has appointed Abubakar Sule Minjibr as the acting Managing Director of the Nigerian Security...
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