Economy

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How CBN new Naira notes’ll curb money laundering, vote buying

How CBN new Naira notes’ll curb money laundering, vote buying

The proposed new currency notes by the Central Bank of Nigeria will help put a stop to money laundering, vote buying, ransom taking and counterfeiting, a coalition of  political parties and  Ethnic Youth Leaders have assured Nigerians.  Conveners of the groups made this assurance at a press conference in Abuja on Friday. The organisations dismissed […]

OPEC+ panel considers cutting oil production by 2m barrels per day

OPEC+ panel considers cutting oil production by 2m barrels per day

By Biodun Busari A panel of the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) ministers has suggested a reduction to the cartel’s output limits of 2 million barrels per day. This cut recommendation was crucial as they seek to stop as a slide in oil prices triggered by the weakening global economy. […]

Nigeria’s public debts rise to N45.25tr

Nigeria’s public debts rise to N45.25tr

By Biodun Busari Nigeria’s debts have risen by about N4 trillion in the past five months to accumulate to N45.25 trillion according to official documents. The documents revealed that the federal government raised about N3.34 trillion through its regular issuance of domestic debt instruments between April and August. Read also: Mounting debts: Consequence of undue […]