Economy

Buhari wants confirmation for Ahmad as CBN’s deputy governor

President Muhammadu Buhari has written to the Senate urging it to confirm Mrs. Aisha Ahmad’s appointment as a Deputy Governor in the Central Bank of Nigeria (CBN). In a letter to the hallowed chamber read by Deputy Senate President Ike Ekweremadu, who presided over Thursday’s plenary, Buhari said, if confirmed, ...

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Buhari writes Senate, seeks nod for $5.5bn foreign loans

President Muhammadu Buhari has written to the Senate , seeking approval for $ 5 .5 bn external borrowings. The request was contained in a letter to both chambers of the National Assembly, which was read by the Senate President , Bukola Saraki, at the plenary on Tuesday . The letter ...

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We’ve saved N120bn from ghost workers, personnel costs-FG

The Federal Government has stated that it had put the cumulative savings from checking the scourge ghost workers’ syndrome through the Integrated Payroll and Personnel Information System (IPPIS) at N120 billion Accountant General of the Federation (AGF), Mr. Ahmed Idris, said this in Abuja in a presentation on the impact ...

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Impacts of exiting recession will be gradual, says bureau

The Chief Executive Officer, National Bureau of Statistics (NBS), Dr Yemi Kale, has said that the effect of Nigeria coming out of recession will not be immediately felt by the people. Kale made the statement in Abuja on Wednesday at a news conference. “There is a different stage Nigeria must ...

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Nigeria no longer in recession, says Bureau of statistics

By Wahab Akanji, Abuja The National Bureau of Statistics (NBS) said Nigeria has exited its worst economic recession in more than two decades, notching up growth of 0.55 per cent in the second quarter of 2017 In its report released on Tuesday, the data showed that the economic recovery was ...

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State of economy: Udoma, Adeosun, Emefiele brief Buhari

By Wahab Akanji, Abuja President Muhammadu Buhari on Monday received briefing from the Minister of Budget and National Planning, Sen. Udoma Udo Udoma and the Minister of Finance, Mrs Kemi Adeosun on the state of the economy. The President’s Special Adviser on Media and Publicity, Mr Femi Adesina made this ...

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Inflation rate reduces to 16.05 % in July, says Bureau of Statistics

By Olufunke Elushakin, Lagos The National Bureau of Statistics (NBS) has stated that the country’s inflation as measured by Consumer Price Index (CPI), further dropped to 16.05 per cent in July from 16.10 per cent in June. The NBS disclosed this in its CPI July 2017 report released on Monday ...

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