Economic News
CBN reviews ATM withdrawal fees
The Central Bank of Nigeria (CBN) says it has eliminated the three free monthly withdrawals transaction fees for cudtomers using...
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CBN extends $25,000 weekly forex sales to BDCs
The Central Bank of Nigeria has extended the temporary access granted to Bureau de Change operators for purchasing foreign exchange...
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EU launches grant for Eurocham to manage secretariat activities
The European Union (EU), yesterday in Lagos, launched Eurocham Nigeria Institutional Development Support to strengthen Eurocham’s secretariat, expand advocacy, and...
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NYSC to start paying corps members ₦77,000 from Feb. – DG
The Director-General of the National Youth Service Corps (NYSC), Brigadier General Yushau Ahmed, on Thursday, announced that payment of ₦77,000...
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‘Inflation has increased,’ Wale Edun supports 50% telecoms tariff hike
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has backed the 50 per cent hike in telecom...
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FG confident to achieve N36tn revenue target – Bagudu
The Federal Government has expressed confidence in achieving its N36.35tn revenue target for 2025 as economic reforms continue to take...
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$1tn undisclosed debt poses threat to low-income nations – IMF
The International Monetary Fund has warned that undisclosed public debt, estimated at $1 trillion globally, poses a growing threat to...
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Warri refinery has resumed operations – NNPCL
Barely a month after the commencement of operations at the 60,000-barrel-per-day-old Port Harcourt Refinery, the Nigerian National Petroleum Company Limited...
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CBN misappropriated N2.7tn interests on Ways and Means – Auditor-General
The Federal Government has accused the Central Bank of Nigeria of misappropriating N2.73tn in interest payments from Ways and Means...
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S/Arabia explores infrastructure investment opportunities in Nigeria
The government of Saudi Arabia is exploring the possibility of investing in Nigeria’s infrastructure sector, the Federal Ministry of Finance,...
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