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Oil Prices Soar Amid OPEC’s Demand Cuts and Optimism Over China’s Economic Moves
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Oil prices rose around 1% on Wednesday, buoyed by market optimism despite OPEC’s decision to slash demand growth forecasts for 2024 and 2025. Brent crude futures increased by 74 cents, or 1.03%, to $72.93 per barrel by 1310 GMT, while U.S. West Texas […] More
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Nigeria Records Monumental Export Growth in Q3 2024 Amid Rising Imports
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow There has been a quantum leap in Nigeria’s foreign trade in the third quarter, (Q3) of 2024, with the total trade volume standing at ₦35.16 trillion. This marks an 81.35% increase compared to Q3 2023 and a 13.26% rise over Q2 2024. Exports […] More
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Rising Inflation Robs Nigerian Families of Balanced Diet
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Maintaining a healthy diet amid run-away prices of food items has become a great struggle for many households, the October 2024 Cost of a Healthy Diet (CoHD) report has shown. The report, produced by the National Bureau of Statistics (NBS), shows that the […] More
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Senate Demands Speedy Action on Diversification of Economy
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Nigerian Senate has urged the Executive arm of government to accelerate its policies on diversification of the economy to improve the country’s foreign exchange earnings. The call was made in resolutions reached by the Senate following consideration of a motion titled “Urgent […] More
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Buhari Promises to Consolidate Change
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow President Muhammadu Buhari expresses confidence in the future of Nigeria at 2019 Democracy Day and promises to build on the gains of his first term. President Muhammadu Buhari began the era of June 12 as Democracy Day in Nigeria on an optimistic spirit […] More
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MPC Cuts Monetary Policy Rate to 13.5%
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has reduced the Monetary Policy Rate, MPR, by 50 basis points to 13.50 per cent from 14 per cent. CBN Governor, Godwin Emefiele, disclosed this on Tuesday at a press conference […] More
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in Big Story, Economy, The ReportEinstein’s Dictum and Nigeria’s Malady – Nosa Igiebor
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Nigerians exemplify Albert Einstein’s classic definition of insanity. The great German physicist had said that doing the same thing, the same way all the time, and expecting a different outcome is madness. We seem hardwired to continue doing and thinking the same thing, […] More
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FG: Orders Closure of Borders for Elections
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow All Nigerian land borders will be shut with effect from 12:00 noon on Friday, February 22 to 12:00 noon of Sunday, February 24, 2019 for Saturdays Presidential and National Assembly elections.According to a statement issued by the Comptroller General of the Nigerian Immigration […] More
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Speech Delivered By The Senate President On The Presentation Of The 2018 Appropriation 7th November 2017
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow SPEECH DELIVERED BY THE PRESIDENT OF THE SENATE, FEDERAL REPUBLIC OF NIGERIA, HIS EXCELLENCY, SENATOR (DR.) ABUBAKAR BUKOLA SARAKI (C.O.N) ON THE PRESENTATION OF THE 2018 APPROPRIATION BILL – 7TH NOVEMBER, 2017. PROTOCOL. 1. Mr. President, on behalf of my colleagues, Distinguished Senators of the […] More
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FG Unfolds Plans For $29.960bn Foreign Loan
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Federal Government has given details of its plans to take a $29.960 billion foreign loans designed to address infrastructure deficit in the country. Festus Akanbi, Special Assistant on Media to the Minister of Finance, Kemi Adeosun, said in a statement issued in […] More
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in Economy
Private Sector Is Key to Poverty Eradication-Elumelu
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow By TELL Do you know why past governments did not succeed in efforts to eradicate poverty in Nigeria? There is a man who has an answer to that question. He is no other person than Tony Elumelu, chairman, Heirs Holdings and Tony Elumelu […] More
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FG, ODUACCIMA Collaborate on Regional Trade Fair
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Asiwaju Olaitan Alabi, the chairman 2014 Odua International Trade Fair Planning Committee, has revealed that the Federal Government would be collaborating with Odua Chamber of Commerce, Industries, Mines and Agriculture, ODUACCIMA, for a regional international trade fair, which is expected to attract over 5,000 exhibitors and participants. […] More