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Tag Archives: Business News

Stanbic IBTC Bank Nigeria PMI Hits 18-Month High in July

Stanbic IBTC Bank Nigeria PMI Hits 18-Month High in July

Nigeria’s private sector began the second half of the year on a positive footing as they continued the run of expansion that began in July 2020, a Stanbic IBTC bank’s Purchasing Managers’ Index (PMI) report has said. The PMI report released on Monday said quicker upticks in output, new orders, …

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Buhari Signs N983 Billion 2021 Supplementary Appropriation Bill into Law

Buhari Signs N983 Billion 2021 Supplementary Appropriation Bill into Law

President Muhammadu Buhari, Monday, signed the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law. The Senior Special Assistant to the President on National Assembly Matters, (House of Representatives), Umar El-Yakub, disclosed this while briefing State House correspondents at the Presidential Villa, Abuja. El-Yakub said the Act will be largely focused …

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Analysts Forecast Over 3% Increase in Nigeria’s Q2 GDP

Analysts Forecast Over 3% Increase in Nigeria's Q2 GDP

Analysts at WSTC Securities Limited have projected a more than three per cent growth in the Nigerian economy Gross Domestic Product, GDP for the second quarter of 2021, citing gradually recovery economic activities and low base effects. Post-lockdown, the Nigerian economic recovery has been coming off gradually from the trough, …

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CBN’s 280th MPC Meeting Holds Today, July 26

CBN's 280th MPC Meeting Hold Today, July 26

On Monday, July 26, 2021, the 280th Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) will commence. The gathering is for two days and will involve members of the team who are experienced bankers, economists and others. They will discuss the economy and the security situation …

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