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CBN will Retain MPR At 14% to Sustain Dollar Inflow — Ebo

In spite of the optimism expressed by the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele about the possibility of reduction in the Monetary Policy Rate (MPR) before July, [...]

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Nigeria’s Foreign Reserve Hit 4-Year High as Investors Inject $5.23 Billion

Nigeria’s external reserves rose to $40.33 Billion last week, the highest in four years. Meanwhile investors have injected $5.23 Billion through the Investors and Exporters (I&E) Foreign [...]

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Currency Hoarders Risk Huge Losses over Naira’s Positive Outlook

The Naira is set for a smooth sail against other currencies from now till a greater part of 2018. This could spell doom for hoarders including politicians who may have reserved some of such [...]

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FG Considers $2.5bn Borrowing via Eurobonds

The Federal Government will consider raising $2.5bn through Eurobonds in the first quarter to refinance a portion of its domestic Treasury bill portfolio at lower cost, the Director-General, Debt [...]

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NPDC to Increase Oil Production to 500,000 Bpd Before 2022

The Nigerian Petroleum Development Company (NPDC), one of the upstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), will increase its daily Crude Oil production to 500,000 [...]

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STOCK MARKET REPORT FOR JANUARY 26TH, 2018

A total turnover of 7.157 billion shares worth N42.545 Billion in 39,037 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 5.011 billion shares [...]

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IMF Projects 2.1% Economic Growth for Nigeria

The International Monetary Fund (IMF) has projected that Nigeria’s economy will grow by 2.1 percent in 2018. IMF The forecast which represents 0.2 percent from the 1.9 percent projected in [...]

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MPC May Cut Interest Rates before July–Emefiele

The Central Bank of Nigeria’s Monetary Policy Committee may start cutting interest rates in the first half of the year as inflation eases, the CBN Governor, Godwin Emefiele, has said. Once [...]

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IMF January 2018 Forecasts for Global Growth

The IMF, in its update on Monday, 22nd of January, 2018 of its World Economic Outlook, revised its global growth forecast up to 3.9 percent for this year and next, amid the solidifying recovery [...]

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Afrinvest Scores FG Low on ERGP Performance

Lagos based investment firm, Afrinvest said the Federal Government has underperformed in the implementation of the Economic Recovery and Growth Plan (ERGP). Chief Executive Officer/ Group [...]