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Economy

It Gets Worse: Nigerian Stock Market Index Falls To 4-Year Low

Nigerian equities dropped into a correction as plunging oil prices dimmed the growth outlook for Africa’s biggest economy. The Nigerian Stock Exchange All Share Index...

Bill Seeking To Amend Agricultural Lending Scheme Passes 2nd Reading

The Senate President, Dr. Abubakar Bukola Saraki, today called for the need for Nigeria to take agriculture more seriously in order to diversify the...

It Gets Worse: Oil Price Crashes Below $30 For The First Time Since 2003

Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid...

CBN Lifts Ban On Dollar Deposits, Withdrawals

Central Bank of Nigeria (CBN) has lifted the ban stopping commercial banks from accepting cash deposits of foreign exchange from customers, in order to...

EXPOSED: US Organises Clandestine Global Boycott Of Nigerian Crude Oil (DETAILS)

Following Nigeria’s refusal to devalue its currency (the naira), in-line with IMF recommendations, crude oil traders worldwide have begun to shun Nigerian crude oil...

It Gets Worse: Forex Restrictions Will Kill 99% Businesses If… – Leo-Stan Ekeh

Chairman of Zinox Group of companies, Mr Leo-Stan Ekeh, yesterday advised President Muhammadu Buhari to urgently engage the private sector to ease the stifling economic...

IMF To Scrutinise FG’s 2016 Budget – Lagarde

There were indications that the 2016 Appropriation Bill may be subjected to further scrutiny and amendments by the International Monetary Fund, IMF, despite being...

Former FIRS Boss, Omoigui-Okauru Named Head Of Lagos Employment Trust Fund

Former Chairperson of the Federal Inland Revenue Service, Mrs. Ifueko Omoigui-Okauru has been appointed by Lagos State Governor, Mr. Akinwunmi Ambode as the head...

What Nigeria Needs Are Not Loans But Fiscal Discipline – IMF Boss

Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has said Nigeria does not need any loan from the institution given the determination...

FLASHBACK: IMF Warns Afrcan Countries Against Excessive Borrowing

The International Monetary Fund (IMF) has warned African countries against rushing to issue eurobonds, saying they may face exchange rate risks and problems repaying...

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