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Nigeria’s Q1 trade deficit rose by 175%, hit $764m – CBN

The value of Nigeria’s international trade deficit rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in March 2022,...

Inflation Hits 16.82%, Exceeds IMF’s 2022 Projection

The Consumer Price Index rose to 16.82 per cent in April from 15.92 per cent in March, latest figures from the National...

Dollar Hits N600 at Parallel Market, Forex Supply Shrinks

The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency.

CBN Governor Reportedly Withdraws From 2023 Presidential Race

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly jettisoned his 2023 presidential ambition. Report...

Naira Depreciates Against Dollar At N420

The naira, on Thursday, depreciated further at the Investors and Exporters Window, exchanging at N420 to the dollar, a 0.30 per cent...

BREAKING: Federal Govt Withdraws Nigeria Basketball Team From Int’l Competitions

The Federal Government has announced the withdrawal of Nigeria from all international basketball competitions for a period of two years.

NBS: Nigeria’s GDP Increases By 3.4% In 2021

The National Bureau of Statistics (NBS), says that Nigeria’s Gross Domestic Product (GDP) increased by 4.03 per cent in the third quarter...

MTN Nigeria raises N127b short-term capital

MTN Nigeria Communications (MTN Nigeria) Plc has  raised N127 billion new debt capital, placing the telecoms group in better position to diversify...

Nigeria Loses N91bn Oil In One Month

Statistics have shown that Nigeria lost N91bn worth of oil to various technical issues in just one month. Data...

Bank loans to govt rise to N16.32tn – CBN

The total net credit by the Nigerian banking sector to the government rose by N2.2tn in the first quarter ended March 2022...

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