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Subsidy hits 45% of fuel import bill in Q1
National Bureau of Statistics, NBS, has disclosed that Nigeria spent N1.51trillion on the imports of premium motor spirit, known as...
World Bank ranks Lagos ports poorly amid collapse
The World Bank has ranked Lagos ports as 358th out of 370 ports assessed globally. This is according to the...
Nigeria Attracts $1.57 billion in Capital Inflows
Nigeria attracted a total of $1.57 billion in capital inflows in the first quarter of 2022, falling by 28.1% compared...
Nigerian Exchange Posts Losses
The Nigerian exchange posted losses in three consecutive trading sessions. The All-share Index depreciated by 0.03% from 52,990.28 basis points...
NGX pledges to support staff professional development
The Nigerian Exchange Limited has said it will continue to support its employees with necessary training and career development programmes....
CBN Retains 5% Interest Rate For Critical Sectors
Central Bank of Nigeria, CBN, has agreed to leave interest rates at five per cent per annum for critical sectors...
IMF warns against debt servicing of FG’s Revenue
The International Monetary Fund has warned that debt servicing may gulp 100 per cent of the Federal Government’s revenue by...
NGX Sheds N169 billion in Market Capitalization
The Nigerian Exchange started the trading week bearish, on the back of three consecutive days of gains from last week....
Crude oil price rises
Crude oil price rose to over $121 per barrel as the increasing price of diesel, persists in Nigeria, with the...
Nigeria power sector revenue shortfall rises to N1.6tn
The Total shortfall in the Nigerian power sector has reached N1.6trillion in eight years. Executive Director, Research and Advocacy, Association...
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