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Economy
1085 posts
Turkey raises minimum wage to $483 amid rising cost of living
Turkey on Tuesday raised the monthly minimum wage by 30 per cent, the second hike so far this…
Afreximbank launches insurance subsidiary to support intra-African trade
The African Export-Import Bank (Afreximbank), yesterday, launched its wholly owned insurance management services subsidiary, AFREXInsure. The firm will…
Norfund increases investments in Nigeria to drive sustainable economic growth
The Norwegian Investment Fund for developing countries (Norfund), has expressed interest to increase investments in Nigeria and the…
Trillions wasted on subsidies can address climate change, says World Bank
A new World Bank report yesterday, said trillions of dollars being wasted on subsidies for agriculture, fishing and…
Nigeria’s headline inflation hits 22.41% in May 2023
Nigeria’s headline inflation sustained its uptrend in May 2023, accelerating to 22.41% relative to 22.22% recorded in April.…
CBN unifies exchange rates, opens Naira to market forces
. CPPE says move to unlock investments, capital, others The Central Bank of Nigeria (CBN), yesterday announced the…
FG collected N710 billion VAT January to March: NBS
The National Bureau of Statistics (NBS) says the aggregate value-added tax (VAT) stood at N709.59 billion in Q1…
African Union, others to address illicit financial flows, asset recovery and impunity in extractive industry
The African Union (AU) High-Level Panel on Illicit Financial Flows (AU HLP on IFF), and the Working Group…
NECA advises FG to institutionalise wage policy
The Nigeria Employers’ Consultative Association (NECA), today, called on the Federal Government to institutionalise wage policy machinery that…
IMF approves $6.66m for the Gambia post-pandemic recovery
The Executive Board of the International Monetary Fund (IMF), yesterday, approved the disbursement of SDR 5 million (about…