Category: Economy
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Investors stagger as Nigerian stock market sheds N70 billion in sharp decline
Panic gripped the trading floor on Wednesday as a wave of sell-offs wiped a hefty N70 billion from the Nigerian stock market in a single session, leaving investors rattled.
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CBN pauses baseline interest rate
For the first time since February 2024, the Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27.5 per cent.
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FAAC: FG, States, LGs share N1.681 trillion revenue
The Federation Account Allocation Committee (FAAC), has shared N1.681 trillion, being April revenue among the Federal Government, states and the Local Government Councils (LGCs).
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Inflation decline, not by chance – FG
The Federal Government says the gradual decline of headline inflation rate, as reported by the National Bureau of Statistics (NBS), is not by chance, but benefit of the administration’s reforms and focused interventions.
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BREAKING: NBS releases fresh inflation rate figures
The National Bureau of Statistics (NBS) has released inflate rate figures for the month of April 2025, disclosing that headline inflation rate eased to 23.71% relative to the March 2025 headline inflation rate of 24.23%.
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World Bank delivers verdict on Nigeria’s economy
The World Bank says Nigeria’s economy is showing strong signs of improvement, thanks to the country’s commitment to far-reaching economic reforms. Taimur Samad, the Bank’s Acting Country Director for Nigeria, made the remark on Monday in Abuja whil
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Nigerian stock market soars by N307bn as Investor confidence hits new high
The Nigerian stock market witnessed a major upswing on Wednesday, recording a remarkable N307 billion gain as investor enthusiasm sparked a buying frenzy across key sectors.
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Lagos to host first European Bank office in West Africa
Lagos has been selected as the location for the European Bank for Reconstruction and Development’s (EBRD) first office in West Africa, marking a significant step in the bank’s expansion into sub-Saharan Africa.
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IMF urges Nigeria to be prudent in spending
The International Monetary Fund (IMF), has urged Nigeria to be prudent in spending following implementation of hard economic reforms that has made it to save more revenue. The Director, Fiscal Affairs Department IMF, Vitor Gaspar, said this at a Fiscal Monitor news conference at the ongoing 2025 IMF/World Bank Spring Meetings in Washington D.C. on…
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IMF projects 3% economic growth for Nigeria
The International Monetary Fund (IMF) has released it new economic outlook report, reversing Nigeria’s economic growth projections for 2025 and 2026. The April report was released on Tuesday during World Economic Outlook (WEO) at a press briefing at the