FXTM Analyst: Nigeria’s failure to get out of recession brought undeniable disappointment

FXTM Analyst: Nigeria’s failure to get out of recession brought undeniable disappointment

Lukman Otunuga, a research analyst at FXTM, says there was an undeniable feeling of disappointment across Nigerian markets, as the country failed to get out of recession in Q1 2017.The post FXTM Analyst: Nigeria’s failure to get out of recession...
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Again, CBN retains monetary policy rate at 14%

Again, CBN retains monetary policy rate at 14%

Ifeanyi Onuba, Abuja The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele who announced the decision of the committee at the end of a two-day meetin...
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Suspected oil rebels attack Niger Delta pipeline

Suspected oil rebels attack Niger Delta pipeline

Suspected oil rebels attacked a gas pipeline in Nigeria’s restive south, breaking a fragile truce between them and the government, an oil company spokesman told AFP Tuesday. The attack on a pipeline operated by the Nigerian Gas Company Limited, a subsidi...
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Markets mixed as investors tread carefully

Markets mixed as investors tread carefully

The Greenback was under pressure on Tuesday with prices finding comfort near a six-month low against a currency basket as political turmoil in Washington weighed heavily on sentiment. A growing sense ofThe post Markets mixed as investors tread carefully appe...
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BREAKING: Again, CBN MPC holds interest at record high

BREAKING: Again, CBN MPC holds interest at record high

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) decided to hold key interest rate at record 14 percent, while seeking convergence in foreign exchange market. GodwinThe post BREAKING: Again, CBN MPC holds interest at record high...
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Recession continues as GDP shrinks for fifth consecutive quarter

Recession continues as GDP shrinks for fifth consecutive quarter

‘Femi Asu Contrary to widespread expectations, the recession rocking the country failed to end in the first three months of the year, a new report from the National Bureau of Statistics has shown. The NBS, in its Gross Domestic Product Report released on...
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Nigeria’s first quarter GDP growth shrinks by -0.52%

Nigeria’s first quarter GDP growth shrinks by -0.52%

Ifeanyi Onuba,Abuja The National Bureau of Statistics on Tuesday released the Gross Domestic Product growth rate report for the first quarter with the economy contracting by -0.52 per cent in the first quarter of this year. With the economy having a negative g...
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BREAKING: GDP contracts as Nigeria’s worst recession in 29 years continues

BREAKING: GDP contracts as Nigeria’s worst recession in 29 years continues

The Nigerian economy remains in its worst recession in 29 years! The National Bureau Statistics confirmed this on Tuesday, as it released the gross domestic product (GDP) report for theThe post BREAKING: GDP contracts as Nigeria’s worst recession in 29.....
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FG to impose 5% charge on tax defaulters

FG to impose 5% charge on tax defaulters

From Uche Usim, Abuja As part of measures to sanction tax defaulters and enhance voluntary compliance ...
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Stakeholders move to crash oil production cost to $2 per barrel

Stakeholders move to crash oil production cost to $2 per barrel

…Target 40% reduction By Adewale Sanyaolu Stakeholders in the oil and gas industry have agreed to evolve ...
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