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Petroleum Products Subsidy Debts

Federal Government of Nigeria owed his members N650 billion in unpaid subsidy arrears -- DAPPMA One of the most troubling issues in Nigeria’s economy today...

Fitch Affirms Lagos State At ‘B’ Plus; Outlook Stable — Ratings

Fitch Ratings has affirmed Lagos State's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+' with Stable Outlook and Short-Term Foreign-Currency IDR at...

Economic crisis: Nigeria Spends N5.75bn On Debt Servicing Everyday — Report

Nigeria could be sowing seeds of an economic crisis that leaves the future of its 190 million people hanging in the balance and asks...

Reps Proposes Minimum Wage of 30,000 Naira

Nigeria’s House of Representatives recommended increasing the minimum monthly wage by 67 percent to 30,000 naira ($83). The lower house agreed on the proposal --...

Nigeria, Others Get $40 Billion as Global FDI Falls To $1.2...

Global foreign direct investment (FDI) fell by nearly a fifth in 2018, to an estimated $1.2 trillion from $1.47 trillion in 2017, according to...

Oil Hits 2019-High On Strong China Crude Use, Amidst Economic Slowdown

Crude prices rose to their highest so far in 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer,...

Frauds, Illegal charges/deductions vs integrity of banking

THE financial sector, especially the banking services system, reflects the moral compass of any economy. Where the integrity of this compass is compromised the...

U.S. Dollar Firm Near Two-Week High, Risk Appetite Unfazed By Weak...

The dollar held steady near a two-week high against a basket of currencies on Monday, as investor risk appetite held up despite the latest...

CBN To Sustain Aggressive Liquidity Mop-Up As DMO Auctions N60bn Bonds

The Central Bank of Nigeria (CBN) is expected to sustain its aggressive liquidity mop up this week in response to inflow of N498 billion...

FG’s Agricultural Investments Fail To Show In GDP Growth

The Federal government’s claim of funding in the agricultural space is yet to have as much impact in lifting the sector to its 2016...

Dollar Nears 16-Month High, Sterling Hit By Brexit Uncertainty

Dollar index against other major currencies edged up 0.1 percent on Monday to 97.02, just below its 16-month high of 97.2 hit on Oct....

Nigeria’s population and poverty growing faster than economy – FSDH latest...

The Nigerian economy is growing slower than the growth rate in its population, the FSDH research has revealed. According to the research by the FSDH...

Brexit: US ambassador to UK Woody Johnson warns on trade deal

Johnson said a trade deal with the US would be "positive" in Mr Trump's eyes Donald Trump's offer of a "quick, massive, bilateral trade deal"...

DisCos Remit Only 33% of Electricity Bills out of 65% Collected...

Between October and December last year, Nigeria’s eleven electricity distribution companies (DisCos) collected from consumers only 65 percent of the value of electricity sold...

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