Category: Economy
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World Bank opens up on state of global food prices
The World Bank declared in its latest Food Security Update report on Tuesday that available data on food prices showed high inflation in low, middle and high-income countries.
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Nothing we can do to stop hardship in Nigeria – Pastor Adeboye
General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye has said there is nothing the ordinary people of Nigeria will do that will stop the hardship in the country.
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CBN gov, Cardoso reveals current total outstanding FX obligations
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said current total outstanding FX obligations stood at $2.2 billion.
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Stock market indices reverse positive trend, down by 1.5%
The stock market closed trading on Tuesday on a negative note, due as the losses in stocks of Tier-one banks. Consequently, All-Share Index fell by 1.5 per cent or 1,564.52 to close at 103,110.15, compared with 104,674.67 posted on Monday.
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UN report warns of global economic decline
The global Gross Domestic Product (GDP) growth is projected to slow from 2.7 per cent in 2023 to 2.4 per cent in the year, says the World Economic Situation and Prospects (WESP) 2024. The report, launched by the Economic Commission for Africa (ECA) in Addis Ababa, Ethiopia, said that global growth would improve moderately to…
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FG, States, FCT share N1.1trn in FAAC allocation in December 2023
The Federation Account Allocation Committee (FAAC) has shared N1.127 trillion December 2023 federal revenue among the Federal Government, states and Local Government Councils (LGCs).
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CBN announces first MPC meeting under Cardoso
The Central Bank of Nigeria (CBN) has scheduled the first Monetary Policy Committee (MPC) meeting, under the tenure of Mr Olayemi Cardoso as governor, for Feb. 26 and Feb. 27.
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How prices of food continue to skyrocket as inflation rate hits new high in Nigeria
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 28.92 per cent in December 2023.
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NNPCL to hand over Port Harcourt refinery to private operators
As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company.
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Access Holdings acquires Megatech Insurance Brokers
Access Holdings Plc says it has obtained all required regulatory approvals to acquire Megatech Insurance Brokers Ltd. Mr Sunday Ekwochi, Access Holdings’ Company Secretary announced this on the floor of the Nigerian Exchange Ltd (NGX) in Lagos.