Economy
ILO Social Protection Programme Reaches 55 Million People, Targets 60 Million by 2025
The International Labour Organisation (ILO) has announced that its Global Flagship Programme on Building Social Protection Floors for All has...
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LCCI Urges Transparency in Disbursement of World Bank’s $500 Million Loan
The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to ensure that the newly approved...
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Nigeria’s Top Banks Face Heavy Forex Losses as CBN Closes Arbitrage Loopholes
Nigeria’s top-tier banks are no longer reaping massive foreign exchange gains as the Central Bank of Nigeria (CBN) has tightened...
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IMF Warns of Rising Bank Exposure to Domestic Bonds in Emerging Economies
The International Monetary Fund (IMF) has expressed concerns over the increasing exposure of commercial banks to domestic bond markets in...
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NDIC to Begin Dividend Payments to Heritage Bank Shareholders in April
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to begin liquidation dividend payments to shareholders of the defunct Heritage...
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Bangladesh-Nigeria Trade Surpasses $100 Million as Ties Strengthen
The Bangladesh High Commissioner to Nigeria, Masudur Rahman, has said that relations between Bangladesh and Nigeria have deepened significantly, with...
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CCECC Begins Cargo Freight Operations on Lagos-Ibadan Railway
China Civil Engineering Construction Corporation (CCECC) has officially launched its cargo freight service on the Lagos-Ibadan Railway, marking a major...
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Nigerian Banks Turn to Costly Short-Term Debt as Liquidity Pressures Mount
Nigerian banks are increasingly relying on expensive short-term commercial papers (CPs) to manage liquidity shortages as the Central Bank of...
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IMF Pushes Nigeria to Speed Up Cash Transfers as Inflation Hits Hard
The International Monetary Fund (IMF) has urged the Nigerian government to accelerate the rollout of its cash transfer programme, warning...
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WTO Pushes for Digital Growth and Tech Transfer in Global Trade
World Trade Organisation members have intensified discussions on digital industrialisation and technology transfer as vital strategies for strengthening global e-commerce....
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