Category: Economy
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Association moves to crash price of catfish
The Lagos State Catfish and Allied Association of Nigeria (LASCAFAN) says the introduction of frozen catfish in the aquaculture value chain will reduce the price of frozen fish in the country.
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Rising inflation rate in Nigeria hits 27.33%
The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 27.33 per cent in October 2023.
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How Buhari fuelled inflation, weakened value of Naira – Sanusi
Former Governor of the Central Bank of Nigeria (CBN), Muhammad Sanusi II has opened up on how former President Muhammadu Buhari triggered inflationary pressure in Nigeria and weakened the value of the Naira.
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Nigeria’s inflation rate to hit 30% by December 2023 – KPMG
Global tax, audit, and business advisory services firm, KPMG, has said despite the reforms introduced by President Bola Tinubu’s administration particularly the removal of fuel subsidy and foreign exchange liberalization, the Nigerian economy is expected to post a weaker growth in the second half of the year.
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How to ensure stability of Naira – BDC operator
The Managing Director, 313 Bureau de Change, Alhaji Murtala Bashir, has emphasised the need for collective efforts to ensure the stability of the naira at the Foreign Exchange Market in Nigeria.
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There will be surplus of rice for Christmas – Millers
The Abakaliki Rice Mill Owners Association says there will be surplus supply of products in the market during Christmas period due to the bumper harvest experienced from 2023 planting.
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Don’t blame us for surge in price of cooking gas – NLNG
The Nigeria Liquefied Natural Gas Limited (NLNG), says the company has not increase the price of Liquefied Petroleum Gas (LPG).
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Maritime unions reject Ports, Harbour Bill
The Maritime Workers Union of Nigeria (MWUN) and the Senior Staff Association of Statutory Corporations and Government Owned Companies (SSASCGOC) have kicked against moves by the National Assembly to revisit the Ports and Harbour Bill.
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CBN will prioritise core mandate of price stability – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability. According to a statement from the CBN, Cardoso disclosed
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Why Naira regained strength against dollar
The Association of Bureau De Change Operators of Nigeria (ABCON), has revealed why the Naira is regaining strength against the dollar. “The development stems from the ‘double-edged sword dollar liquidity