• IMF Managing Director Christine Lagarde

    IMF Revises Nigeria’s Growth Projections Upwards

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    The International Monetary Fund has said it expects Nigeria’s economy to recover in 2016 even as it revised upward the growth projections for the country to 0.8 per cent based on higher oil production as well as likely improved price of crude at the international market. The IMF in its World Economic Outlook update released…

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  • rice_farmers

    CBN Expands ABP To Other Agric Products

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    When the Anchor Borrowers Programme was launched in 2015, it was focused on improving the local production of rice and reducing the volume of scarce foreign exchange that is expended on the importation of the staple food. In times past, Nigeria has used billions of dollars to import rice, which is grown within the country….

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  • bvnn

    48% Of Bank Accounts Still Without BVN

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    More than 48 per cent of deposit money bank (DMB) accounts in the country are still without Bank Verification Number (BVN) with 32.2 per cent of the bank accounts being dormant, as total Number of BVN issued stands at 27.511 million. According to latest data provided by the Nigeria Inter Bank Settlement System (NIBSS) the…

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  • emefiele_trucks

    Naira Stability: ABCON Launches Uniform Weekly Exchange Rate For Members

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    In order to achieve fair pricing and stability for the naira, the Association of Bureaux De Change Operators of Nigeria (ABCON) at a media forum it organised for business editors in Lagos, recently, launched a uniform weekly exchange rate for licensed bureaux de change portal to enforce same-rate for operators. Stakeholders have applauded ABCON’s consistent…

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  • mmm-nigeria-480x437

    MMM Resumes, To Use Bitcoin, Pay Small Amounts First

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    One month after the withdrawal bottom on Nigeria’s online Ponzi scheme, MMM was frozen, the scheme is back with new conditions for its subscribers, some of who have become more cautious. Some subscribers who spoke with LEADERSHIP Weekend said while their faith in the scheme has not been eroded with the happenings in the past…

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  • world-bank

    World Bank Forecasts Global Economy Growth By 2.7% In 2017

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    Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year as obstacles to activity recede among emerging market and developing economy commodity exporters, while domestic demand remains solid among emerging and developing commodity importers, the World Bank said in a report released yesterday.. Growth in advanced…

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    CBN Releases N7.29bn Agric Fund To 55,474 Beneficiaries

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    A total of facility of N7.293 billion was disbursed to 52,474 companies and individuals in the agricultural sector between January and November 2016 under the Agricultural Credit Guarantee Scheme (ACGS), an initiative of the Central Bank of Nigeria (CBN). According to statistics made available to LEADERSHIP yesterday, so far, Edo State recorded the highest guaranteed…

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