Bayo Onanuga Labels Nigeria “Very Very Poor” Amid Economic Evaluation
In a candid appraisal of Nigeria's economic standing, the Presidency on Monday characterized the nation as ...
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Tag: exchange rate
CBN Accuses Banks of Hoarding $5 Billion in Foreign Currencies, Orders Release
The Central Bank of Nigeria (CBN) has accused commercial banks of hoarding over $5 billion in ...
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Naira Falls to N1200/$ in Parallel Market, Gains 11% in NAFEM
The naira experienced a depreciation in the parallel market, falling to N1,200 per dollar from N1,172 ...
Read morePresident Tinubu Allocates N10 Billion for Chief of Staff’s Residence in N21 Billion Budget Proposal
President Bola Tinubu has earmarked a substantial N10 billion for the reconstruction and repair of the ...
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President Tinubu to Present N27.5tn 2024 Budget to National Assembly
President Bola Tinubu is set to present the 2024 Appropriation Bill of N27.5tn to a joint ...
Read moreOfficial Exchange Rate Predicted to Weaken to N1,068.3/$ by 2025, Economist Intelligence Unit Warns of Continued Currency Losses
A recent report from the Economist Intelligence Unit (EIU) projects a significant weakening of Nigeria's official ...
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Federal Government Pursues Measures to Stabilize Naira Amid Record Low Dollar Exchange Rates
In response to the naira's recent steep depreciation against the dollar, reaching a record low of ...
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Mike Adenuga Sees $300 Million Decrease in Net Worth, Now at $3.3 Billion
Billionaire businessman Mike Adenuga, the Chairman of Conoil and founder of Globacom, has experienced a significant ...
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Laycon Questions Nigerians Wishing for Country’s Failure Due to Political Differences
Big Brother Naija Season 5 winner, Laycon, has expressed concern over the behavior of opposition party ...
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FG Proposes N26 Trillion 2024 Budget, Announces Medium-Term Expenditure Framework Approval
On Monday, the Federal Government unveiled its proposal for the 2024 budget, amounting to N26 trillion, ...
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