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Economy
FG, World Bank arm in talks over infrastructure financing
The federal government has held talks with the Multilateral Investment Guarantee Agency (MIGA) - an investment arm of the World Bank - to explore the possibility of tapping its resources for…
Nigeria’s inflation rate rises for third straight month
Nigeria’s annual inflation rate rose for the third straight month to 22.04 percent in March from 21.91 percent in the previous month, according to the latest inflation report released on…
Naira gains as election dollars circulate
The naira has appreciated against the dollar at the parallel market as some of the dollars said to have been spent by politicians during the elections have come into the market.
The naira…
Nigeria loses N16.25trn to crude oil theft in 12 yrs – NEITI
The Nigerian Extractive Industries Transparency Initiative (NEITI) has revealed that Nigeria lost 619.7 million barrels of crude oil valued at N16.25 trillion ($46.16 billion) to crude oil…
Nigeria needs to reduce debt risks, says IMF
The International Monetary Fund (IMF) has said Nigeria needs a medium-term plan to reduce its debt vulnerabilities.
The IMF asked the country to raise incomes from taxes, particularly…