Nigerian News from Leadership News
  • Economic Recession: Way Forward

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    It is almost certain that the much talked about economic recession is here as the International Monetary Fund (IMF) is certain that economic growth in the second quarter will shrink again. Even the Central Bank of Nigeria (CBN) has said that  economic rebound in the second quarter is unlikely. The question on every lip now…

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  • NLC, NASME, CIBN Others Decry Planned Scrapping Of BoI

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    Organisations have raised their voices against the planned scrapping of a development bank, the Bank of Industry (BoI), seen by many as the hope for small businesses in the country. According to Eke Ubiji of the National Association of Small and Medium Scale Enterprises (NASME), the BoI has been doing a great work in the…

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  • Oil Prices Rise On Nigeria’s Pipeline Attack

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    Crude oil futures rose on Thursday as an attack on a Nigerian oil pipeline and a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows. Brent crude was trading up 50 cents, or 1.1 percent, at $47.36 a barrel by 0640 GMT. U.S. crude was up 40 cents, or 0.9 percent,…

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  • Economic Recession: Experts Proffer Solutions

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    In a bid to ensure the resurgence of the Nigerian economy following the declaration by the Minister of Finance, Kemi Adeosun that the economy has gone into recession, financial experts have called on the Federal Government to evolve various strategies including injecting more funds into the economy, diversification, allowing free flow of Naira and stabilising…

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  • Implications Of CBN’s New Forex Policy

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    For operators and analysts in the financial world, the step by the apex bank to free up the market is one in the right direction as it will not only converge rate but also remove arbitrage opportunities and artificial demand from the market. The new policy, which also brings in the futures market, according to…

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  • CBN To Introduce Dual Exchange Rate, Weaken Naira

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    The Central Bank of Nigeria (CBN) may introduce a dual exchange rate system and weaken the naira when it unveils a new policy this week, according to a report by Bloomberg. The apex bank will probably make an announcement in a circular to banks, said a source who sought anonymity, who referred to private talks…

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  • London Elects First Muslim Mayor

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    After a bitter and bruising race, the Labour Party’s Sadiq Khan won London’s mayoral race early today and made history as the first Muslim elected to lead a major Western capital city. According to Washington Post, the outcome is likely to resonate far beyond a change in London’s City Hall, challenging the rise of anti-Islam…

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