IMF upgrades global economic forcast to 2.9% for 2023; 3.1% for 2024
Analysts at the International Monetary Fund have upgraded their forecast for the year ahead. They say global growth will still
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Economy
CBN extends cash swap deadline to February 10;exercise targeted at hoarders of illicit funds not common man
President Muhammadu Buhari on Sunday in Daura, Katsina State, approved the extension of the ongoing currency swap by ten days,
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UK cut tariffs, offer Nigeria duty free trade export to UK
The UK Government has launched the Developing Countries Trading Scheme (DCTS) in Nigeria. The DCTS was launched in Lagos on
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CBN forecloses extension of January 31 deadline for return of old naira notes
The CBN Governor, Godwin Emefiele, on Tuesday declared that the January 31, 2023 deadline fixed by the apex bank for
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CBN approves 5 banks to deploy POS agents for cash swap project in rural areas
The Central Bank of Nigeria (CBN) has listed five banks as the approved financial institutions to partake in the cash
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Lekki port berths first container vessel ahead of commissioning
Ahead of the commissioning of the Lekki Deep Seaport by President Muhammadu Buhari, Monday, the largest container vessel has berthed
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NEPC Nigeria booked $4.82bn non-oil export earnings in 2022
The Nigerian Export Promotion Council (NEPC) said Nigeria recorded non-oil export earnings of $4.82 billion in 2022. NEPC’s Executive Director,
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Nigeria’s debt profile may hit N77tn in June 2023
Nigeria Employers Consultative Association, NECA, in Lagos, has raised the alarm that Nigeria’s debt profile could hit N77 trillion in
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China/Africa Relations: China to deepen alignment of development strategies with African countries; rejects “debt trap” narrative
Chinese Foreign Minister Qin Gang on Wednesday met with African Union Commission Chairman Moussa Faki Mahamat in Addis Ababa, Ethiopia.
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WB downgrades Nigeria’s economic growth projection
The World Bank Group has revised Nigeria’s growth projection for 2023 and 2024 to 2.9 percent, as against the previouse
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