Business
Dangote Sugar Refinery to start second phase of its sugar project, cut down sugar importation by 40%
Dangote Refinery has affirmed that it is embarking on the second phase of its sugar project. The project, which would...
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CBN releases $265 million to settle foreign airlines, others
To halt the crisis in the aviation sector, the Central Bank of Nigeria (CBN) says it has released $265 million...
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China Forgives 23 Interest-free Loans to 17 African Countries
China, Africa's largest bilateral lender, has announced that it is waiving 23 interest-free loans to 17 African countries that had...
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CBN Reverts Interest Rate on All its Intervention Funds to 9% Annually
The Central Bank of Nigeria (CBN) has returned the interest rate on all its intervention facilities to 9 percent per...
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Bank of Industry Procures €1 Billion Loan to Support MSMEs
The Bank of Industry, Nigeria’s leading development financial institution has successfully raised a €1 billion syndicated loan facility to provide...
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NESG: Multiple Exchange Rates in Nigeria Impedes Required Flow of Foreign Investments.
The Nigerian Economic Summit Group (NEGS) has highlighted that the multiple exchange rates in Nigeria continue to erode the much-needed...
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Nigeria Obtains $134 Million Loan from AFDB for Wheat Production
The Federal Government of Nigeria has obtained a $134 million loan from the African Development Bank to boost wheat production....
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Panic buying is causing the crash of the Naira
The Association of Bureaux Des Change Operators of Nigeria (ABCON) has stated that panic buying is causing the crash of...
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CBN should stop banks from paying recipients of Diaspora remittances in dollars- ABCON
The Association of Bureaux Des Change Operators of Nigeria (ABCON) advised the apex of the Central Bank of Nigeria (CBN)...
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DMO Offers August 2022 FGN Savings Bond for Subscription
The Debt Management Office of Nigeria (DMO) has today August 1, 2022, offered for subscription 2 Federal Government of Nigeria...
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