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Economy
1085 posts
Fed rate cuts to remain in view for 2024, even as rate-setters shift
The annual rotation on the U.S. Federal Reserve’s interest-rate-setting committee means its 2024 voting members lean slightly more…
UK recession might be under way after economy shrinks in Q3
Britain’s economy might be in a recession, according to data that showed it shrank between July and September,…
CBN cautions banks, PoS operators over Naira availability
…Provides digital feedback box to address complaints The Central Bank of Nigeria (CBN), yesterday, warned some Deposit Money…
ASSBIFI attributes Naira scarcity to panic withdrawals, hoarding
The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has attributed the current scarcity of…
Sustainable growth, building resilience in Africa require structural transformation – UNECA report
By Clara Nwachukwu A new report has pegged Africa’s sustainable growth and building resilience on structural transformation of…
IMF temporarily increases PRGT access limits
The International Monetary Fund (IMF) has temporarily raised the Poverty Reduction and Growth Trust (PRGT) normal annual access…
Inflation, exchange rates will decline in 2024: CBN
The Central Bank of Nigeria (CBN) says the rising inflation and exchange rates will decline in 2024. The…
CBN Assures Public of Adequate Cash Supply
The Central Bank of Nigeria (CBN) has again assured members of the public that it is addressing the…
FG inaugurates National Council on Privatisation
The Vice President and the Chairman of, National Council on Privatisation (NCP), Kashim Shettima, has inaugurated the newly…
Developing countries paid record $443.5bn on public debt in 2022
Amid the biggest surge in global interest rates in four decades, developing countries spent a record $443.5 billion…