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Nigeria Is Out Of Recession, World Economics Says

Nigeria Is Out Of Recession, World Economics Says

After a few quarters of negative growth that saw the death of businesses in Nigeria, the Country’s economy is out of recession, but “conditions remain difficult for businesses,” World Economics said Tuesday. World Economics is a London-based organisation dedicated to producing financial analysis, insight and data relating to questions of key importance to the world […]

Inflation Rate Will Drop Futher, Financial Experts Predict

Financial experts have expressed optimism that the nation’s inflation figure would continue to slowdown with  enhanced stability in the  foreign exchange market. In interviews with the News Agency of Nigeria (NAN), the experts said the inflation figure would continue to witness downward trend with continuous improvement in the nation’s exchange rate. Prof. Sheriffadeen Tella, Professor […]

Court Orders Forfeiture Of $43m, £27,800, N23m Recovered By EFCC To FG

Court Orders Forfeiture Of $43m, £27,800, N23m Recovered By EFCC To FG

The Federal High Court sitting in Lagos has ordered the temporary forfeiture of the sums of $43,449,947, £27,800 and N23,218,000 recovered by the Economic and Financial Crimes Commission from an apartment in the Ikoyi area of Lagos on Wednesday. The court, in a ruling on Thursday afternoon by Justice Muslim Hassan, ordered that the funds […]

Nigeria’s Inflation Declines By 0.52 % In March

Nigeria’s Inflation Declines By 0.52 % In March

Price increases have been recorded in all Classification of Individual Consumption. The National Bureau of Statistics (NBS) on Thursday, said that inflation dropped by 0.52 percent in March, the second decline recorded on the year- on- year basis. The first decline was recorded in February when inflation dropped by 0.94 per cent. In its latest […]

FG Recorded Fiscal Deficit Of N3.21tn In 2016

FG Recorded Fiscal Deficit Of N3.21tn In 2016

The Nigeria Federal Government recorded a fiscal deficit of N3.21tn in its operations last year, figures obtained from the Central Bank of Nigeria revealed. The figures are contained in the Financial Stability Report prepared the apex and released in Abuja on Wednesday. It stated that the fiscal deficit for the second half of the year, […]

How To Avoid FX Rate Loss While Travelling

How To Avoid FX Rate Loss While Travelling

With the volatility in the foreign exchange rates in recent times, there is a need to get acquainted with some tips that will guard against you running into exchange rate loss when travelling abroad. According to experts, you can avoid the pitfalls of low exchange rates, high commission charges and unexpected fees, among others, when […]

How Well Can A Stronger Naira Boost The Economy?

How Well Can A Stronger Naira Boost The Economy?

The best way a stronger naira can boost the economy is when craze for loving everything foreign by the well-to-do citizens is reduced and they start showing interest in Made-in-Nigeria products. Apart from the patriotic pride of seeing an increase in the value of the naira against the dollar, some analysts believe the Central Bank […]

Crude Oil Threatens Nigeria’s Future, Budget And ERGP

Crude Oil Threatens Nigeria’s Future, Budget And ERGP

 It was not only PUNCH which carried the story, “Nigeria loses as US oil attracts more buyers,” on that day. The GUARDIAN also ran a story on what should have been headlines news of the day. It was instead tucked into the middle pages by the few papers which saw its significance. That was a pity […]

Nigeria’s Debt Burden May Hit N19.3tn By December

Nigeria’s Debt Burden May Hit N19.3tn By December

Analysts have cautioned the federal government against plunging the nation into another debt trap, even as plans to raise funds from external sources to finance critical infrastructure roars, IFEANYI ONUBA writes If the federal and state governments continue to rely heavily on debt instruments for the financing of the country’s infrastructure needs, then, Nigeria’s total […]

FG To Pay First Tranche Of $5.1bn Cash Calls Debt To IOCs In April

FG To Pay First Tranche Of $5.1bn Cash Calls Debt To IOCs In April

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed that the federal government will disburse the first tranche of the $5.1 billion Joint Venture (JV) cash calls debt it owes international oil companies (IOCs) operating in the country, next month. The government last December had negotiated terms with the IOCs to formally […]

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