News
CBN cuts interest rate to 13.5%, seeks GDP rebasing
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate, also known as...
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China Development Bank provides over $190 billion for Belt and Road projects
BOAO, China (Reuters) - China Development Bank (CDB) has provided financing of over $190 billion for more than 600 projects of the “Belt and Road” infrastructure...
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FMDQ to banks: hedge dollar-based loans
Commercial banks taking dollar-denominated loans should hedge the facility against risk of currency fluctuations, FMDQ OTC Securities Exchange Managing Director/CEO Bola Onadele has said....
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BREAKING: CBN reduces monetary policy rate to 13.5%
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 14 per...
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Alibaba Is in Talks for Its Cheapest Ever Dollar Loan
Alibaba Group Holding Ltd. may get its cheapest dollar-denominated syndicated loan ever as it negotiates with banks to amend terms of...
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Uber Buys Mideast Rival Careem in $3.1 Billion Cash, Stock Deal
Chief Executive Officer Dara Khosrowshahi has cut the largest deal of his tenure, buying Middle Eastern ride-hailing competitor Careem Networks FZ for $3.1 billion. Uber...
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Magu decries incomplete budget releases to EFCC, defends N22.071bn budget
The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, on Tuesday lamented the incomplete budget releases to...
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Nigeria produces 55.85 million tons of solid minerals –NBS
Nigeria produced a total of 55.85 million tonnes of solid minerals in the 2018 fiscal year, data released by the National Bureau of Statistics...
Read moreCBN to maintain tight monetary policy, estimates 12% inflation
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has projected that the current monetary policy stance of the bank is...
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Manufacturing Slump Deals Another Blow to Europe’s Economic Outlook
Europe’s economic outlook was thrown into fresh doubt after reports showed weakness across France and Germany. Hopes that the slowdown...
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Popular Story
Food Inflation Climbs to 20.31% in July, Marking Fifth Straight Monthly Rise
Inflation Rate Falls to 15.43% in July, NBS Reports
CBN Reopens OMO Market to Retail Investors, Raising Pressure on Weak Equities
NAFEM Turnover Climbs to $1.41 Billion, Highest Level in Five Weeks
31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
