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Operators Accuse N/Assembly Of Infractions In FTZs’ Activities

The Nigeria Economic Zones Association (NEZA), the umbrella body of Free Trade Zones operators and enterprises in the country, has cautioned the National Assembly and government agencies not to take actions that are inimical to attracting $25 billion Foreign Direct Investments (FDIs) yearly to the country through the Special Economic Zones’ scheme. The association’s Executive […]

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Nigeria’s Inflation Hits 16.8% In April, Highest In 8 Months

Nigeria’s inflation rose to 16.82 percent in April this year, representing the highest rate in the past eight months. The National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) report for month published on Monday attributed the spike in the general price level in the economy to increases recorded in food and energy […]

Economy News Extra Investments/Capital Market Latest News Planning & Economic Development

Stocks, Bitcoin, Other Cryptocurrencies’ Rebound Excites Investors

US stocks came out of the blocks strongly on Friday, with major gains across all the indexes, thereby bolstering investors’ hope of a better end to a very volatile week. A news report by invezz.com, an online medium, indicated that in early trading, the S&P 500 recorded more than 2%, while the Nasdaq Composite surged […]

Budgeting Investments/Capital Market Latest News Planning & Economic Development Revenue

DMO Offers Three FGN Bonds For Subscription By Auction

The Debt Management Office (DMO) yesterday announced the offer of three Federal Government of Nigeria (FGN) bonds valued at N225 billion, for subscription through auction. The Office  listed the three offers as N75 billion, March 2025 FGN bond, at 13.53 per cent interest rate per annum (10 year re-opening); N75 billion, April 2032 FGN bond […]

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AfDB Seeks US’ Support For Africa’s $1.5Bn Emergency Food Plan

The president of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has urged the United States to back the institution’s $1.5 billion emergency food production plan. The plan aims to avert a looming food crisis in Africa caused by Russia’s war in Ukraine. Adesina, and a panel of witnesses, on Wednesday testified about global […]

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Current Crises Will Re-define Developing Economies’ Commodity Markets – W/Bank

The World Bank Group has projected that COVID-19 pandemic, the Russia-Ukraine conflict and the impacts of climate change would have intense implications for developing economies over the coming years. The Breton Woods institution, in statement hoisted on its website on Friday reflecting the findings of its new report titled ‘Commodity Markets: Evolution, Challenges, and Policies’ […]

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BPE Clarifies FG’s Concession Of Calabar, Kano FTZs

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh has clarified why Federal Government decided to concession the Calabar and Kano Free Trade Zones (FTZs), saying that the initiative will catalyse businesses in the West African sub-region through strategic production of goods and services in order to optimize the vast potential […]

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10 Ships Laden With Petrol, Other Items Berth At Lagos Ports

The Nigerian Ports Authority (NPA) on Wednesday disclosed that 10 ships loaded with Premium Motor Spirit (PMS), also known as petrol, bulk wheat, base oil, general cargo, bulk fertilizer and bulk sugar had arrived Lagos ports to finally berth. The port regulator also hinted that another 20 ships at the ports were discharging fuel, bulk […]

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Nigeria Records 3.98% GDP Growth In Q4, 2021

The National Bureau of Statistics (NBS), on Wednesday reported that Nigeria’s Gross Domestic Product (GDP) grew by 3.98 percent in the fourth quarter of 2021 compared to the 4.03% recorded in the preceding quarter The national statistical system coordinating agency gave these figures in its ‘Nigerian Gross Domestic Product Report (Expenditure and Income Approach) for […]

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Global Inflation Rate Hits 9.2% In March, Highest Since 2019

The International Labour Organization (ILO) has reported that annual rate of inflation worldwide, as measured by the consumer price index (CPI), rose to 9.2 percent in March 2022, up from 7.5 percent in the preceding month. The rates were 6.8 percent in January 2022 and 6.4 percent in December 2021. The global labour organization noted […]