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BREAKING: CBN Cuts Interest Rate to 23% as Inflation Eases
The Central Bank of Nigeria (CBN) has lowered the Monetary Policy Rate (MPR) to 23 per cent, signalling a shift in its…
economy
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Cooking Gas Prices Drop Nationwide Amid Improved Supply
Nigerians are beginning to enjoy some relief from the high cost of cooking gas as retail prices of Liquefied Petroleum Gas have…
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FG Considers Paying Salaries, Pensions Through eNaira Platform
The Federal Government may begin paying salaries, pensions and social welfare benefits through the eNaira platform as part of efforts to expand…
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Nigeria’s Inflation Rate Drops Slightly to 15.06% in February
Nigeria’s inflation rate recorded a marginal decline to 15.06 per cent in February 2026 from 15.10 per cent in January, according to…
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Naira Falls to N1,341.35/$ at Official Market
Nigeria’s currency weakened at the official foreign exchange market, reflecting sustained pressure from heightened dollar demand, according to figures
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Banks, Fintechs to Charge Nigerians 7.5% VAT on Mobile, USSD Transfers
Starting Monday, January 19, 2026, Nigerians using digital banking platforms will see a new 7.5 per cent value-added tax (VAT) applied to…
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Gold Soars to Record $4,383.76 on US Rate-Cut Optimism
Gold prices surged to a historic high on Monday, buoyed by investor optimism that the US Federal Reserve will continue to ease…
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Oyo Tops as 20 States Secure N458bn Loans Despite Higher Allocations
Oyo State is topping the list as no fewer than 20 state governments borrowed a combined N458 billion in the first half…
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Naira Will Appreciate to N1,400/$ by December – BUA Boss Forecasts
President of BUA Group, Abdul Samad Rabiu, has projected that the naira could appreciate to between ₦1,300 and ₦1,400 per dollar before…
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JUST IN: Nigeria’s Economy Expands By 4.23% in 2025 Q2
Nigeria’s economy recorded a 4.23 per cent growth in the second quarter of 2025, according to figures released on Monday by the…