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Economy
1085 posts
Indian companies invested $19 billion in Nigeria, says envoy
. To award 500 scholarships to Nigerians The Indian High Commissioner to Nigeria, Shri Balasubramanian, says over 135…
Crypto crime hit record high of $20bn in 2022, report claims
Illicit cryptocurrency transactions rose for the second year in a row reaching $20.1bn in 2022, according to a…
WEF lists major risks facing Nigeria in 2023
The World Economic Forum (WEF), yesterday, listed terror attacks, debt crises, high cost of living, severe commodity supply…
World Banks cuts 2023 global growth to slow to 1.7%
. Says developing countries face sharp, long-lasting slowdown The World Bank yesterday cut global economic growth in 2023…
CBN sensitises marketers, guarantees availability of new notes
The Central Bank of Nigeria (CBN), yesterday, assured marketers and traders that it has made the redesigned naira…
Food prices decline in December following ‘two very volatile years’: FAO
World food prices declined for the ninth consecutive month in December, though many commodities are still at record…
NFIU warns gov’t agencies, others against huge cash withdrawals
. As Nigeria goes cashless on March 1 The Nigeria Financial Intelligence Unit (NFIU), has warned the public…
NNPC denies illegal export of $1.021bn worth crude oil
The Nigerian National Petroleum Company (NNPC) Limited has denied unofficially exporting 17.8 million barrels of crude oil between…
Alarm over national debt unnecessary, says DMO
The Debt Management Office (DMO), says the alarm created around Nigeria’s projected public debt by a segment of…
Defence, Security sectors get 13.4% of 2023 budget
The Defence and Security sectors have been allocated N2.98 trillion or 13.4% of the 2023 budget. The Minister…