Business

IMF Denies Being Behind Subsidy Removal In Nigeria, Makes Clarification

The International Monetary Fund (IMF) has clarified that it was not responsible for the removal of the fuel subsidy in Nigeria, stating that this...

Naira Falls Again, No Longer N1,735 Per Dollar In Parallel Market

Yesterday, the Naira fell in the parallel market to N1,739 per dollar from N1,735 per dollar on Wednesday. In contrast, it strengthened to N1,601.2 per...

CBN Reacts To House Of Reps Resolution On December 31 Deadline For Old Naira Notes

The Central Bank of Nigeria (CBN) has clarified that there are no plans to discontinue the circulation of old Naira banknotes. In a statement released...

CBN Told To Withdraw Old Naira Notes From Circulation Before December 31

The House of Representatives has called on the Central Bank of Nigeria (CBN) to increase the issuance of new N200, N500, and N1,000 notes...

IMF Slashes Nigeria’s Growth Prospects, Gives Reasons

The International Monetary Fund (IMF) has lowered Nigeria’s growth forecasts due to challenges such as low crude oil production and severe flooding affecting the...

US Attorney’s Office Speaks On Allen Onyema’s Case

The US Attorney’s Office for the Northern District of Georgia has denied Nigerian media reports claiming that the case against Air Peace chairman and...
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