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February 11, 2021
Naija247news.com is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.
February 11, 2021
President Muhammadu Buhari The Federal Executive Council (FEC) at its meeting on Wednesday approved a new Medium-Term Debt Management Strategy for Nigeria, for the period of 2020 to 2023. The strategy allows the government to borrow more from domestic sources. The Debt Management Office disclosed this in a press release titled “Federal Executive Council approves a new debt management strategy for Nigeria’. Part of the statement said, “Based on the current public debt stock, government’s...
February 6, 2021
In terms of the growth, Crisil Research said the thrust on public investment will be positive for growth, not only in the short but also the medium term as it has a higher multiplier effect than revenue spending and augurs well for jobs.
February 5, 2021
Sops for FPI investment in defaulted bonds to boost liquidity February 05, 2021 Market experts also attribute the spike in FPI inflows to the recent spate of fundraising by Indian corporates Market experts also attribute the spike in FPI inflows to the recent spate of fundraising by Indian corporates× In order to further boost foreign portfolio investments in the corporate bond segment, the RBI has proposed to exempt FPI investment in defaulted corporate bonds from the short-term limit and th...
January 13, 2021
16:15, 13.01.21 Economy 188 Inflation reached the midpoint of the 5% ± 1 pp target range defined by the Monetary Policy Guidelines for 2020 and the Medium Term. Coronavirus pandemic, quarantine restrictions on economic activity affect inflation in 2020 / Photo from UNIAN The National Bank of Ukraine (NBU) says the inflation was below the 5% ± 1 pp target range in 2020 due to the negativ...
January 9, 2021
Release of the first supplement to the base prospectus of the "Euro Medium Term Notes" programme Aubervilliers, January 8, 2021.... | January 17, 2021
December 31, 2020
BRIEF HISTORY Electricity was first generated in Nigeria in 1866 when two generating sets were installed to serve the Colony of Lagos. In 1951, the government of Nigeria, through an Act of Parliament, established the Electricity Commission of Nigeria (ECN) to regulate and operate the power supply systems in Nigeria. Subsequently, the Niger Dam Authority (NDA) was established for the development of the Kanji Hydroelectric Dam. In 1972, the ECN and the NDA were merged to form the Nigerian Electri...
December 31, 2020
12/31/2020 9:38:02 AM GMT DAILY MARKET OUTLOOK on Major Update Time USD/JPY - 103.13 Despite the greenbacks 1-tick break above last Mondays high at 103.88 to 103.89 Monday, subsequent retreat to 102.97 yesterday on usds broad-based weakness suggests correction from Decembers 9-month bottom at 102.88 has ended there and consolidation with downside bias would be seen for a re-test of said support, break would extend Medium Term4 decline to 102.50/60 before prospect of rebound. On the upside, o...
December 22, 2020
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