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IMF downgrades Nigeria’s economic growth to 3%
The International Monetary Fund has reduced Nigeria's economic growth projections for 2024 to 3.0% from 3.1% in its October…
1,500 redeployed CBN staff to resume at Lagos office
At least 1,500 employees of the Central Bank of Nigeria will return to their offices in Lagos on Friday after being redeployed…
Amid CBN directive, BVN count now 60.492m–NIBSS
The Nigeria Inter-Bank Settlement (NIBSS) has disclosed that the number of bank customers with registered Bank Verification Number…
Pension funds rise by 22% to N18tn – NAICOM
The total assets under the Contributory Pension Scheme reached N18.36tn by the end of 2023, according to data from the National…
‘Largest’ LNG-powered vessel arrives Lagos
The Lagos State Government says the first Liquefied Natural Gas (LNG)-powered container vessel to sail to West Africa berthed at…
CBN releases additional $500m to settle FX liabilities
In accordance with its vow to gradually clear all outstanding foreign exchange liabilities, the Central Bank of Nigeria (CBN)…
NNPCL remitted zero allocation to Federation Account in 2022 – CFO
The Nigerian National Petroleum Company Limited remitted literally zero funds to the Federation Account in 2022 due to the payment…
No ill moving FAAN, CBN departments to Lagos — Uzodimma
Imo State Governor Hope Uzodimma believes that transferring the headquarters of the Federal Airports Authority of Nigeria (FAAN)…
Subsidy removal will create space for development spending — IMF
The International Monetary Fund has said that even though Nigeria and other low-income debtors have yet to request any debt relief…
Stock market raised N3.85trn capital for entities in 2023- NGX
Mr Jude Chiemeka, Acting Chief Executive Officer (CEO), Nigerian Exchange Ltd. (NGX), says the stock market facilitated the…