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PenCom denies giving N10 trillion loans to FG
The Director General of National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, has denied the widespread reports that the Commission gave a N10 trillion loan to the Federal Government.
Mrs. Dahir-Umar, who spoke during a media!-->!-->!-->…
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Tinubu govt accuses Buhari of causing hyperinflation by ‘aimlessly printing trillions of naira’
Wale Edun, finance and coordinating minister of the economy, says former President Muhammadu Buhari’s regime caused Nigeria’s hyperinflation by” aimlessly” printing trillions of naira.
“The N22.7 trillion printed by the Central Bank of!-->!-->!-->…
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FIRS rejects additional tax to fund child’s online access protection bill
The Federal Inland Revenue Service (FIRS), has kicked against imposing additional taxes and levies on business owners to fund the child’s online access protection bill.
Mr Mathew Osanekwu, who represented the Chairman, FIRS, Mr Zacch!-->!-->!-->…
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JUST IN: Nigerian authorities demand $10 billion fine from Binance over ‘illegal transactions’
The Federal Government of Nigeria has imposed a $10 billion fine on Binance, a global crypto exchange at the center of a crypto crackdown in the country.
Recall that the government accused Binance of benefiting from alleged illegal!-->!-->!-->…
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Nigeria’s Central Bank raises MPR: A bold move in turbulent economic time
By Muhammad Baba Bello, PhD
In a bold and somewhat surprising move, the Central Bank of Nigeria's Monetary Policy Committee (MPC) has decided to raise the Monetary Policy Rate (MPR) by a substantial 400 basis points to 22.75%.
This!-->!-->!-->!-->!-->…
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Group faults composition of Tinubu’s economic advisory committee
The Resource Centre for Human Rights and Civic Education (CHRICED), has condemned the formation of the newly established Tripartite Economic Advisory Committee by President Bola Ahmed Tinubu.
The group in a statement signed by its!-->!-->!-->…
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Declare your forex sources – CBN tells BDC selling above $10,000
The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources.
Haruna Mustapha, Director, Financial Policy and Regulation!-->!-->!-->…
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CITAD reshuffles board, international advisory committee
The Centre for Information Technology and Development (CITAD), a non-governmental and non-profit organization that is committed to the use of information and communication technologies for development and promotion of good governance, has!-->…
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CBN, NSA move to punish foreign exchange market speculators
The Office of the National Security Adviser (ONSA) and the Central Bank of Nigeria (CBN) are joining forces to safeguard Nigeria's foreign exchange market and combat speculative activities impacting the nation's economic stability.
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How we plan to reduce cement price – FG
The Federal Government says it will give more attention to fixing roads and seek some remedies on the cost of gas and import duties to bring down the astronomical price of cement nationwide.
This is part of the communiqué that was!-->!-->!-->…
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