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Finance & Economy - Page 277

Finance & Economy·News·Nigeria·Top Stories

What Nigeria’s 15.10% Inflation Rate Drop Means

Nigeria’s headline inflation rate fell to 15.10% in January 2026, the latest figures from the National Bureau of Statistics (NBS) show, extending a run of gradual declines that has lasted for almost a year. The figure is slightly lower than the 15.15%

February 16, 2026

Over N97.57bn Lost To Selloffs In UAC Nigeria, Champion Brew

Currency·Markets

Foreign Exchange Update: Dec., 6, 2021

According to data at the FMDQ Security Exchange where foreign exchange (forex) is traded officially, the exchange rate between the naira and the US dollar opened at 413.85/$1 on Monday, December 6 after it closed at N414.73 to a $1 on Friday,

December 6, 2021

Business·Finance & Economy

Nigeria Borrows N8.311trillion From Pension Funds, Experts Cry Out

Nigeria’s federal and subnational governments have, so far, borrowed N8.311trillion, representing 63.93% of the N13.001 trillion total pension assets in the country and raising serious concerns among pensioners as well as Nigerian economists and business lawyers. The borrowed amount represents National

December 6, 2021

Oil & Gas

Nigeria Records Zero Revenue From Oil Export – NNPC

Nigeria, according to the Nigeria National Petroleum Corporation (NNPC’s) latest report, got no revenue from crude oil export in the month of October. The NNPC, in the report to the Federation Account allocation Committee (FAAC) released at the weekend, disclosed that petrol

December 6, 2021

Labour

ASUU Threatens To Shutdown Nassarawa University Over N900m Earned Arrears

By Kayode Shopekan Academic Staff Union of Universities Chairman in Nassarawa State University Keffi, Dr Samuel Alu, has told the government of Nassarawa state to pay the earned academic allowance it is owing or risk a shutdown of activities

December 6, 2021

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Finance & Economy·News

Marginal Boost In Financial System Liquidity To Ease Interbank Rates

There are expectations that a marginal boost in financial system liquidity will ease the interbank offered rate this week. This is just as dealers say Treasury-bills worth N65.03 billion will mature through the primary and secondary markets to exceed T-bills worth N15.03

December 6, 2021

Finance & Economy·News

More Pension Fund Assets Invested In Banks

NEW report on pension fund assets by National Pension Commission (NPC) shows that third quarter (Q3) investments in Local Money Market Securities (LMMS) have more pension fund assets in banks through Open Market Operations and banks’ fixed deposits than in commercial papers.

December 6, 2021

Finance & Economy

eNaira Deepens Financial Inclusion, Says CIBN President

The President of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Bayo Olugbemi, has commended the introduction of the country’s first digital currency, eNaira, saying it was part of measures to deepen financial inclusion and integrate millions of unbanked Nigerians into

December 6, 2021

Finance & Economy

Banks Write Customers To Submit Forex Requests Online

As the Central Bank of Nigeria (CBN) adopts measures to curb foreign exchange abuses, banks in adherence to the regulator’s directive, have informed their customers that forex requests can be processed online. In the same way, 10 Deposit Money Banks have made

December 6, 2021

Finance & Economy

Global Growth To Record Brisk Pace Of 4.5% In 2022 – OECD

After a rebound of 5.6per cent in 2021, global growth would move along at a brisk pace of 4.5per cent in 2022, moderating to 3.2per cent in 2023, says the Organisation for Economic Co-operation and Development (OECD). In its Economic Outlook, the

December 2, 2021

$471 million Lost To Nigeria’s Naira Devaluation – Airtel Africa Reveals

Finance & Economy

Airtel Africa Plc Completes Airtel Nigeria Minority Buyout Offer

Further to the buyout offer announcement of 4 October 2021, Airtel Africa, a provider of telecommunications and mobile money services with a presence in 14 countries across Africa, on Thursday announced completion of its minority shareholding buyback of Airtel Networks Limited (‘Airtel

December 2, 2021

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Finance & Economy - Page 277

What Nigeria’s 15.10% Inflation Rate Drop Means

Foreign Exchange Update: Dec., 6, 2021

Nigeria Borrows N8.311trillion From Pension Funds, Experts Cry Out

Nigeria Records Zero Revenue From Oil Export – NNPC

ASUU Threatens To Shutdown Nassarawa University Over N900m Earned Arrears

Marginal Boost In Financial System Liquidity To Ease Interbank Rates

More Pension Fund Assets Invested In Banks

eNaira Deepens Financial Inclusion, Says CIBN President

Banks Write Customers To Submit Forex Requests Online

Global Growth To Record Brisk Pace Of 4.5% In 2022 – OECD

Airtel Africa Plc Completes Airtel Nigeria Minority Buyout Offer

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US Freezes Assets of Eight Nigerians Over Links to Terrorism

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