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Saturday, November 23, 2024

CATEGORY

Economy

Naira Remains Stable This Week At Parallel Market

The ​N​aira ​on Thursday remained stable at N364 per dollar in the parallel market. ​There was no significant increase or decrease in the figure all...

FG, Dangote Sign N4.3bn MoU For Rebuilding Of Apapa Wharf Road

BY GEORGE OKOJIE, Lagos The federal government and Dangote Flour Mills companies yesterday signed a Memorandum of Understanding (MoU) to construct a two kilometres road...

Manufacturers Brace Up For 4% Growth In Capacity Utilisation

By OLAJIDE FABAMISE, Lagos The Manufacturers Association of Nigeria (MAN) has said that Capacity utilisation in the manufacturing sector is expected to grow by four...

Naira: Nigeria’s External Reserves At 3-Month Low, Now $30.22 Billion

Nigeria’s external reserved has dropped to $30.22 billion, despite consistent interventions to bolster the Naira at the foreign market. The figure, which is the lowest...

FG Spends N7.1trn On Debt Service In 8 Years

The federal government has spent a whopping N7.1 trillion on debt servicing alone in the last eight years. The figure is cumulative of the amount...

Naira Gains Seven Points Against Dollar After CBN Intervention

The Naira on Tuesday appreciated to N363 per dollar in the parallel market. Naira dropped to N363 per dollar from N370 per dollar on Monday...

FIRS Introduces 6 Online Tax Solutions

The Federal Inland Revenue Service (FIRS) has introduced six key electronic solutions (e-Services) to enhance convenience, transparency and round the clock processing and payment...

AMCON To Sell Peugeot Automobile To Dangote, Kebbi, Kaduna States

The Asset Management Company of Nigeria, AMCON, has disclosed that it is close to selling Peugeot Automobile Nigeria, PAN, Ltd to Aliko Dangote, and...

Osinbajo Seeks Approval To Borrow $1.28bn, €9m

Acting President Yemi Osinbajo has sought to include the Development Bank of Nigeria (DBN) and Fund for Agricultural Finance in Nigeria (FAFIN-II) in the...

Naira Climbs To A 3-Month High Against Dollar

Naira cruised strongly into the weekend, exchanging at N380/$1 in the parallel market. This is ahead of Monday’s Central Bank of Nigeria (CBN) led Monetary...

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