Thursday, 21st October 2021
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3 days ago
In 1981, one could get less than N6.1 million in exchange for $10 million. Then, a dollar was equivalent to 61 kobo. But four decades later, the naira has lost 99.8 per cent of its value against the greenback...
13 Oct
The IMF has slightly downgraded global growth projections for 2021 as supply chain disruptions negatively affect recovery in the advanced economies, while lack of access to Covid-19 vaccines
12 Oct
In apparent contradiction of its earlier stance on floating the naira, the Federal Government, yesterday, prevailed on the Central Bank of Nigeria (CBN) to allow the currency to reflect market realities.
11 Oct
The International Monetary Fund said Sunday it still had not decided whether its embattled chief would keep her job, with the lack of clarity over Kristalina Georgieva's future threatening to overshadow the body's fall meetings this week. An investigation by a law firm has concluded that the Bulgarian managing director manipulated data in favor of…
11 Oct
In recent months, developments in the Nigerian foreign exchange market have elicited reactions from stakeholders, some of which reflect understanding while others do not.
9 Oct
Embattled International Monetary Fund chief Kristalina Georgieva was fighting for her professional life Saturday as the institution's Executive Board considers evidence....
3 Sep
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown.
24 Aug
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right (SDR) to provide liquidity to countries with foreign exchange reserves challenges.
4 Aug
Available statistics from economists indicate that the planned removal of the Premium Motor Spirit (PMS) subsidy will put the survival of millions of households in the balance.
27 Jul
The International Monetary Fund (IMF) has retained its projection for Nigeria’s economic growth prospect for this year at 2.5 per cent.
27 Jul
Therefore, the apex bank should not appropriate that role to itself by usurping the functions of deposit money banks.
16 Jul
While the International Monetary Fund (IMF) had earlier predicted a 2.5 per cent growth and 16 per cent inflation rate by end of 2021, the Nigeria Employers' Consultative Association (NECA) yesterday

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The Nigerian Railway Corporation (NRC) has confirmed the detonation of explosives by unknown gun men on the Abuja-Kaduna railway Wednesday night. The Managing Director of the corporation, Fidet Okhiria, who confirmed this to The Guardian, said the explosives damaged the rail tracks around Dutse and Rijana in Kaduna. A viral video circulating online shows how…
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American actress Ruby Rose has shared that she was fired from The CW's Batwoman after being seriously injured on set.  The actress who starred as the title superhero character in the show's first season revealed this in a series of Instagram stories. She alleged that the role was recast last year after two herniated discs required her…
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Parliamentarians in Benin have voted to legalise abortion in the West African country, where it was already authorised under restricted conditions. Under the new law, passed late Wednesday, women can terminate a pregnancy within the first three months if it is likely to "aggravate or cause material, educational, professional or moral distress, incompatible with the…
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A former Manager with the Zenith Bank Plc, Dr. Osadebe Osakwe has dragged the publisher of Sahara Reporters Mr. Omoyele Sowore and the Sahara Reporters Media group to a Lagos High Court seeking the sum of N250 million each as damages from the defendants for alleged defamation of character. Dr. Osadebe who is also the…