Category: Economy
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SPECIAL REPORT: NGF keeps mum on ecological funds spendings amidst calls for probe
The Nigerian Governors’ Forum (NGF) has maintained deafening silence and an unusual calm, as calls mount for probe into the disbursement and utilization of ecological funds occasioned by the 2022 floods described as Nigeria’s worst in a decade. TheNewsGuru.com (TNG) reported that despite early predictions and warnings, heavy rainfall and the release of water from…
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Pharmacist laments soaring price of drugs in Nigeria
Pharmacist Samuel Adamatie, a drug development expert based in Abuja, the Federal Capital Territory (FCT) has lamented the soaring price of drugs in Nigeria.
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Analysis: benefits, criticisms and fears of CBN’s naira redesign
The plan to redesign Nigeria’s currency has been a subject of public concern and debate since last week when it was announced by the Central Bank of Nigeria (CBN) as part of its currency management responsibilities aimed at preserving the integrity of a local legal tender, the efficiency of its supply and conduct of monetary…
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Nigeria economy can thrive without oil – NEPC boss
The Nigerian Export Promotion says the nation’s economy can thrive better without oil if the non-oil sector is prioritised.
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How prices of food continue to rise in Nigeria
The National Bureau of Statistics (NBS) has disclosed that prices of selected food items increased in September.
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African network lends voice to call for action against oil thieves
The Africa Network for Environment and Economic Justice (ANEEJ), has called on the ongoing 11th Session of the United Nations Convention Against Transnational Organised Crime (UNTOC) in Vienna, Austria to take action to expose and deal with all those connected with oil theft in Nigeria in order to stop the economic haemorrhage. In a statement…
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Inflation rate in Nigeria increases to 20.77%
The headline inflation rate in Nigeria increased to 20.77 per cent in September 2022 on a year-on-year basis, according to the National Bureau of Statistics (NBS).
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Crude oil production: Angola, Libya maintain lead over Nigeria
Angola and Libya have for the second consecutive month maintained their lead over Nigeria as Africa’s highest crude oil producers, according to a report by the Organisation of the Petroleum Exporting Countries (OPEC).
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Osinbajo makes case for Africa to draw benefits from blue economy
Nigeria’s Vice President, Prof Yemi Osinbajo has called on African States, non-governmental organisations, private organisations and other stakeholders to synergise efforts at harnessing seabed resources to boost the continent’s Blue Economy.
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OPEC+ cuts oil production to support sagging oil prices
The Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC Participating Countries have decided to cut oil production by 2 million barrels per day.