Category: Economy

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CBN Buoys Inter-Bank Forex Market with $210m

CBN Buoys Inter-Bank Forex Market with $210m

The Central Bank of Nigeria (CBN) on Tuesday, February 19, 2019, made a fresh $210m injection into the inter-bank foreign exchange market in its deter...
LCCI Reacts To 2018 GDP Report, Decries ‘Jobless Growth’

LCCI Reacts To 2018 GDP Report, Decries ‘Jobless Growth’

The Lagos Chamber of Commerce and Industry (LCCI), on Friday noted the 2.4% growth in the economy in the final quarter of 2018, as well as the 1.9% no...
Nigeria’s Inflation Rate Drops To 11.37% In Jan, Peaks In Kebbi, Bauchi

Nigeria’s Inflation Rate Drops To 11.37% In Jan, Peaks In Kebbi, Bauchi

In what may stand this week out as one of big data, the National Bureau of Statistics (NBS), on Friday published yet another economic report- the Janu...
Despite 60% Q4 Drop, Nigeria Reports $16.81bn Capital Importation In 2018

Despite 60% Q4 Drop, Nigeria Reports $16.81bn Capital Importation In 2018

The National Bureau of Statistics (NBS), on Wednesday published capital importation data for the fourth quarter and full-year 2018, highpoint of which...
New NDIC Board Pledges To Promote Financial System Stability

New NDIC Board Pledges To Promote Financial System Stability

Members of the newly inaugurated board of the Nigeria Deposit Insurance Corporation (NDIC) have promised to justify the confidence reposed in them as ...
FG Projects 3% In 2019, Says Q4 GDP Growth Proof Buhari’s Policies Working

FG Projects 3% In 2019, Says Q4 GDP Growth Proof Buhari’s Policies Working

The Federal Government, on Tuesday said the GDP data for the 2018Q4 released earlier in the day by the National Bureau of Statistics (NBS) is another ...
Helped By Strong Q4, Non-Oil Rise, Nigeria’s 2018 GDP Grows 1.93%

Helped By Strong Q4, Non-Oil Rise, Nigeria’s 2018 GDP Grows 1.93%

Nigeria’s National Bureau of Statistics (NBS), on Tuesday published the GDP rate for Q4 2018, indicating a growth of 2.38%, which was within the range...
CBN Pumps $279.13m, CNY46.92m Into Retail SMIS

CBN Pumps $279.13m, CNY46.92m Into Retail SMIS

The Central Bank of Nigeria (CBN), on Friday, February 8, 2019, made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the For...
CBN Partners NJI, Holds Workshop For Judges On Collateral Registry

CBN Partners NJI, Holds Workshop For Judges On Collateral Registry

In its determination to enhance understanding of technical issues around the economy and financial system, the Central Bank of Nigeria (CBN) says it i...

AMCON MD Challenges Board To Rid Estate Valuation Industry Of Quacks

The Asset Management Corporation of Nigeria (AMCON) on Tuesday, February 5, 2019, expressed concern over the rate of quackery in the estate valuation ...
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