Nigeria’s local currency unit is set to weaken further next year as its current…
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Business News
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The Central Bank of Nigeria has raised the Monetary Policy Rate (MPR), which measures…
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President Muhammadu Buhari on Thursday met with security chiefs, including other managers in the…
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Business NewsNational News
ASUU rejects N10,000 varsity support levy by parents
by Hafeestonovaby HafeestonovaThe Academic Staff Union of Universities has rejected the proposed payment of N10, 000…
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Nigeria’s budget deficit hits N30.58tn in seven years
by Hafeestonovaby HafeestonovaBudget deficit has risen to at least N30.58tn in the last seven years. This…
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The price of crude oil climbed above the $100 mark on Sunday hitting $101.16/barrel…
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US and European markets have struggled to have a clear theme this week. Last week, we saw some improvement in the sentiment but this week’s US CPI reading along with the earnings season sentiment has changed from optimism to pessimism.
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Twitter sues Elon Musk for terminating his $44 billion takeover deal to buy the social media platform
by Hafeestonovaby HafeestonovaTwitter has sued Elon Musk, accusing the world’s richest man of violating his $44…
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The euro has slumped to its lowest since 2002 against the dollar amid fears that a recession in the eurozone could be looming. The currency fell as low as $1.0281, threatening a push towards dollar parity.
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Business News
Sanwo-Olu Reiterates Commitment to Business-Friendly Environment as EU-Nigeria Forum Opens In Lagos
by Sammyby SammyLagos State Governor, Mr. Babajide Sanwo-Olu on Thursday said the State Government will be relentless in pursuing initiatives that will seek to improve the ease of doing business; manifestly making the business environment more attractive for investors.
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The Central Bank of Nigeria (CBN) has raised the Monetary Policy to 13%. The…
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Business NewsNewsTech NewsWorld News
Binance commits $500m for Elon Musk’s Twitter takeover
by Hafeestonovaby HafeestonovaThe world’s largest cryptocurrency exchange, Binance, has committed $500m in financing to help Elon…
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Business NewsNewsWorld News
Twitter reacts to Elon Musk’s bid to take over company
by Hafeestonovaby HafeestonovaTwitter has said its board will evaluate an “unsolicited, non-binding” offer from Tesla chief…
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Business NewsNational NewsNews
CBN releases framework to check bad loans
by Hafeestonovaby HafeestonovaThe Central Bank of Nigeria has released operational guidelines on the Global Service Instructions…
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The Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per…
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Business NewsNational NewsNews
Nigeria’s inflation rate may be among the world’s highest in 2022 – World Bank
by Hafeestonovaby HafeestonovaThe World Bank has said Nigeria may have one of the highest inflation rates…
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Business NewsNational NewsNews
eNaira should give investors comfort -Buhari
by Hafeestonovaby HafeestonovaPresident Muhammadu Buhari on Tuesday in Riyadh, Saudi Arabia, said initiatives to drive the…
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The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called…
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Business NewsNews
We’re unaware of Otedola’s share acquisitions – FBN Holdings
by Hafeestonovaby HafeestonovaFBN Holdings Plc has reacted to media reports that billionaire businessman, Mr Femi Otedola,…
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Business NewsNews
Femi Otedola is now the majority shareholder of FBNH
by Hafeestonovaby HafeestonovaBillionaire business investor, Femi Otedola, has acquired the majority shares of FBN Holdings (FBNH).…