Economy
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65Naira weakens as forex turnover falls by 88%
Forex turnover fell by 88% on Wednesday at the I&E window weakening the exchange rate to N386.76/$1. The exchange rate at the...
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67World Bank predicts that Nigeria will loose 70% of its Oil Revenue in 2020
The World Bank has estimated that Nigeria will lose up to 70% of its earnings from crude oil sales in 2020 due...
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79Some African currencies hurt less than others by liquidity surge
Traders are betting on smaller average depreciation for six major African currencies compared with March, as the wall of global monetary and...
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98Naira falls against the dollar at the forex market, liquidity down by 88%
Forex turnover at the Investor and Exporters (I&E) window recorded a reversal on Tuesday, June 30, 2020, as it dropped by 88%, a huge...
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100NNPC set to commence construction on $2.8bn AKK gas pipeline project
The Nigerian Government is set to flag-off the construction of the Nigerian National Petroleum Corporation’s (NNPC) $2.8bn Ajaokuta-Kaduna-Kano (AKK) gas pipeline project....
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122FG earmarks N600 bn for agriculture financing scheme – Minister
The Minister of Agriculture and Rural Development, Sabo Nanono on Monday said the Federal Government has earmarked N600 billion to enhance farmer...
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101PPPRA, Attorney-General office to unveil new guidelines for petroleum products prices
Ministry of Petroleum Resources and the Office of the Attorney General of the Federation to issue a new guideline on the prices...
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164FPI and FDI drops to $68 million and $18 million respectively in April, lowest since 2016
Nigeria attracted just $67.9 million in Foreign Portfolio Investment (FPI) inflow for the month of April 2020, the lowest inflow recorded this year. ...
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119Discos seek stiffer legislative actions against electricity theft
Chunk of monthly loss of over N30 billion incurred from the large number of customers engaged in energy theft. The Electricity Distribution...
