Economy
Diaspora Remittances: Costs for Sending Money to Sub-Saharan Africa Rise to 7.9% – World Bank
In 2023, the average cost of sending a $200 remittance to the Sub-Saharan Africa (SSA) region increased to 7.9%, up...
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World Bank Extends Nigeria’s Digital Identification Project Deadline Amid Missed Targets
The World Bank is restructuring its Nigeria Digital Identification for Development (ID4D) project, extending the deadline to 2026 after the...
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Nigeria’s Money Supply Nears N100 Trillion in May 2024 Despite MPC Tightening Efforts
Nigeria’s money supply (M3) has soared to nearly N100 trillion, reaching N99.24 trillion in May 2024. This represents a 2%...
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Nigeria’s Capital Importation Soars by 210% in Q1 2024 As Banking Sector Excel
The total capital importation into Nigeria for the first quarter of 2024 reached an impressive $3,376.01 million, marking a significant...
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SERAP Gives Ultimatum to CBN Over Alleged Financial Mismanagement
The Socio-Economic Rights and Accountability Project (SERAP) has issued a stern ultimatum to the Central Bank of Nigeria (CBN) to...
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French Stocks Surge as Far-Right Gains Election Lead, Expected to Fall Short of Majority
French stocks experienced a significant boost early Monday, with the CAC 40 index climbing 2.2% by 8:47 a.m. London time,...
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FG Raises Fresh N284bn as T-Bills Debt Reaches N10tn
The Federal Government, through the Central Bank of Nigeria (CBN), has successfully raised N284.26 billion in its latest Nigerian Treasury...
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Total Transactions on Nigerian Exchange Hit N2.35 Trillion in Five Months
The Nigerian Exchange Limited (NGX) reported that total transactions on the local bourse surged to N2.35 trillion by the end...
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Nigeria’s External Reserves Reach $34 Billion, Highest Since March
Nigeria’s external reserves have surged to a significant milestone, hitting $34.07 billion in June 2024. This is the highest level...
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Nigeria’s Q1 Borrowing Hits N7.71 Trillion, Not N24.33 Trillion, Says DMO
The Debt Management Office (DMO) has clarified that Nigeria’s fresh borrowing for the first quarter of 2024 was N7.71 trillion,...
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