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Economy

Lagos: Prices Of Tomato, Pepper Rise By 60% Ahead Of Ramadan

Ahead of Ramadan, prices of tomato and pepper have soared by 60 per cent in some markets in Lagos, the News Agency of Nigeria...

CBN Dismisses Reports That Nigeria Heading Into 2nd Recession Under Buhari

The Central Bank of Nigeria, CBN, has on Tuesday, April 30, 2019, dismissed the alarm raised by governors that the economy may relapse into...

NNPC Boss Says Company To ‘Bridge Petroleum Products Supply Gap’

Maikanti Baru, the group managing director, Nigerian National Petroleum Corporation, NNPC,  says the corporation plans to bridge the gap of petroleum products supply in...

Brent Crude Oil Hits $75 For The First Time In 2019

Brent Crude Oil on Thursday, April 25, 2019, rose above 75 dollars per barrel for the first time in 2019 in the wake of...

‘We Are Not Reckless’: Buhari Government Defends Obscene $24.7 Billion Borrowing

Zainab Ahmed, the minister of finance, says while government borrows to deliver on its promises, it was also mindful of rising debt burden, which...

Buhari Government Set To Borrow Another $1 Billion From World Bank

Zainab Ahmed, the minister of finance, has disclosed that the federal has commenced discussion with the World Bank with a view to take a...

‘Provide Alternative Financing To China Loans’ – Elumelu Tells IMF

Tony Elumelu, the chairman of Heir Holdings, on Friday, April 12, 2019, asked the International Monetary Fund, IMF, to provide other alternatives followings its...

10,000 Feet Deep And Still No Oil, NNPC Gives Update On Oil Exploration In Bauchi

Group Managing Director of the Nigeria National Petroluem Corporation (NNPC), Dr. Maikanti Baru has stated exploration in Northern Nigeria will continue despite having gone...

Nigerian Gov’t Revenue Dips By N64 Billion, N610 Billion Federal Revenue Shared For January

This was disclosed shortly after the end of the Federation Account Allocation Committee meeting held on Wednesday, February 27, 2019 at the headquarters of...

Under Buhari: Fraud Levels In Nigerian Banks Climbs To N25 Billion In 5 Years

Victoria Enape, the pro-tem president Chartered Institute of Forensic and Investigative Auditors of Nigeria, CIFIAN, has said that fraud volume in Nigerian banks increased...

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