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Business and Economy

Elon Musk buys Twitter at $44bn.

On Monday, Twitter confirmed it's selling the platform to billionaire entrepreneur, Elon Musk, striking the deal at the value of $44 billion dollars.Musk in...

FG recorded N2.23trn fiscal deficit in Q4 2021 – CBN

The Central Bank of Nigeria (CBN) says the federal government recorded N2.23 trillion fiscal deficit in the fourth quarter (Q4) of 2021.The apex bank...

My Refinery Will Be Ready For Commissioning Before End Of Buhari’s Tenure – Dangote

Chairman of the Dangote Group, Alhaji Aliko Dangote, has assured that the Dangote Refinery will be ready for commissioning before the end of President...

Nigeria’s debt to hit 44.7% of GDP in 5yrs — IMF

The International Monetary Fund (IMF) has projected that Nigeria’s total public debt will rise steadily to 44.2 per cent of Gross Domestic Product, GDP,...

Over 33.4 million Nigerians Trade Crypto Despite CBN’s Ban – Report

Despite the Central Bank of Nigeria’s restriction on cryptocurrencies-related transactions in the banking sector, a report by a crypto platform has said about 33.4...

Fuel subsidy puts Nigerian Economy at High Risk – World Bank

The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and...

Procedures Govt Should Follow To Remove Petrol Subsidy – Moghalu

There are a number of procedures to be followed by the Federal Government before removing the subsidy on Premium Motor Spirit (PMS), also known...

Again, Nigerian Stock Investors Lose N120bn

Trading activities on the Nigerian stock market yesterday declined by N120 billion to close negative extending the previous day’s losses.The All-Share Index decreased by...

Nigeria’s Total Debt Could Hit N50tn – Report

The Centre for the Promotion of Private Enterprise has said that Nigeria’s debt, including that of the Asset Management Corporation of Nigeria and borrowings...

Nigeria needs $500M worth of palm oil to meet local demand- OPGAN President

National President of Oil Palm Growers Association of Nigeria, OPGAN, Chief Joe Onyiuke has said that about $500 million worth of palm oil is...

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