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Economy

MPC shuns bleeding economy, raises interest rate to 18.5%

May 25, 2023 0

• GDP growth slows to 2.3 percent in first quarter • Growth claim not real, economists push back • Manufacturing not affected by interest rate […]

NACCIMA, CPPE lament worsening state of economy

May 4, 2023 0

• Fault tax increase, claim all sectors bleeding seriously The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Centre for […]

‘NITDA Bill may compound regulatory, compliance hurdles for digital economy’

April 19, 2023 0

•Experts want agency to focus on development agenda With calls on the National Information and Technology Development Agency (NITDA) to focus more on developmental issues, […]

IMF pushes for interest-free loans for developing countries

April 14, 2023 0

Photo: Samuel Corum/Getty Images/AFP $4.7 billion needed to bridge credit gap Multiple economic shocks in recent years, amid a slow rise in per capita income […]

World Bank projects two percent output growth in 2023

April 11, 2023 0

Photo by Samuel Corum/ Getty Images North America/ AFP – Banking sector stress, interest rate, others top Spring Meetings deliberation – Nigerian monetary, fiscal authorities […]

Nigeria’s industrial base weaker over poor credit support from banks

April 11, 2023 0

• ‘Unhealthy fiscal condition, domestic borrowing threaten industrialisation’ • Promote new investments to increase revenue, experts advise • Credit to public sector soars by over […]

Operating licence not a right, Emefiele warns banks’ chiefs

March 22, 2023 0

• As CBN tightens credit squeeze, raises interest to historic 18 per cent • MPR in sync with economic realities, experts argue • Impacts of […]

CBN’s short-term loans to banks drop to N11 trillion

January 3, 2023 0

CBN Financial data obtained by The Guardian suggest that deposit money banks (DMBs) had less reason to worry about liquidity last year as borrowing from […]

Investors stake N3tr on Nigerian equities

December 27, 2022 0

. Local stocks bullish Nigerians are showing more confidence in domestic stocks as turnover in the stock market has risen by a quarter to more […]

Experts x-ray Tinubu’s plan on exchange rates, subsidy

December 26, 2022 0

Unified rate will support growth, says Rewane • Local refineries must work’ Multiple exchange rates and the retention of petrol subsidy payment are unhelpful to […]

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