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Economy

It’s always about the economy, stupid…

Economy

IMF Boss Slams Buhari’s Monetary Policy On Naira, Foreign Exchange

Hope Sampson | Sub Editor -
Christine Lagarde, the president of the International Monetary Fund (IMF) has slammed President Muhammadu Buhari's policy on pegging the Naira and the on foreign...
Economy

What Central Bank? I Am In Charge Of The Naira – Buhari Tells BBC

Salisu Sulaimon | Sub-Editor -
President Muhammadu Buhari has again, made it clear that he has usurped the role of the Central Bank Governor and his managing the monetary...
Economy

‘Buhari’s Economic Policy Can’t Stimulate Growth’ – Fitch

Agency Reports -
Fitch Rating Agency Thursday noted that President Muhammadu Buhari’s recent economic policy pronouncements that tended to coalesce around state-led development to blunt the effects of...
Business

Shell To Lay Off 10,000 Workers

Julius Okeke | Political Reporter -
Royal Dutch Shell shares rose after it confirmed it would cut 10,000 jobs and a sharp fall in annual profits. Shell extended gains to 7%...
Economy

Weak Currency: CNN Money Drops Nigeria, Lists Rwanda, Mauritius As Countries To Watch In 2016

Wires | The Trent -
Nigeria has been dropped from a shortlist of countries to watch in 2016 according to a CNN money report. The new list of the economies...
Economy

It Gets Worse: NNPC Loses N267Billion

Agency Reports -
NAN - The Nigerian National Petroleum Corporation (NNPC) has announced a loss of N267.14 billion in its activities in 2015. This is contained in the...
Economy

The Buhari Effect: Investment Inflow Into Nigeria Dropped By $11.1 Billion In 2015

Bayo Adegbite | Politics Reporter -
The National Bureau of Statistics on Tuesday disclosed that investment inflows into the country dropped by $11.1bn (N2.18tn) from $20.75bn in 2014 to $9.64bn...
Economy

It Gets Worse: Naira Now 307 To 1 Dollar

Ebenezer Olatunji | News Reporter -
The Naira on Wednesday depreciated by 0.7 per cent at the parallel market, following the last minute payment of tuition fees abroad. The naira lost...
Economy

‘Dire Situation’: Cash-strapped Nigeria On Brink Of Default As Oil Revenues Drop

Wires | The Trent -
Cash-strapped Nigeria and Angola are discussing potential financing from the World Bank, which, together with the International Monetary Fund, is in talks with Azerbaijan. The...
Economy

Oil Prices Rise Slightly As Russia Says It Would Meet With OPEC

Wires | The Trent -
Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with OPEC over output cuts helped revive...
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