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LCCI Raises Concern About Nigeria’s Rising Debt Stock
The Lagos Chamber of Commerce and Industry (LCCI) has expressed its concerns over Nigeria’s rising debt profile, warning of possible negative consequences if the fiscal challenge is not frontally addressed by the Federal Government. The Chamber’s Director-General, Dr. Chinyere Almona, pointed out one of the ways out of the fiscal problem required that the government […]
Monetary Policy Can’t Affect Some Inflation Drivers – BoE Chief
A top banker and policymaker of the Bank of England (BoE), Silvana Tenreyro, categorically declared on Monday that some inflation drivers in the UK economy were expected to remain short-lived and added that the apex bank’s monetary policy can do little to affect them. A news report by Reuters quoted the top banker as saying […]
Naira Depreciates, Trades N750/$1 At Parallel Market
The Naira lost momentum in its exchange rate struggle against the US dollar at the black market in the early hours of Wednesday, trading at N705/$1, representing a depreciation of 0.67% compared to N745/$1 it traded the same period the previous day. Some FX traders in the parallel market linked the slide in the local currency’s […]