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Nigeria's annual economic growth rate slowed to 2.3% in the first quarter, data showed on Wednesday, hurt by a government plan to swap old banknotes for newly designed ones that disrupted trade and payments. The gross domestic product (GDP) data came hours before a central bank interest rate announcement and next week's swearing-in of President-elect |
Lagos, May 19, 2023 Divine Filmmakers, under the name Christian Movie Industry, on Friday unveiled a new group, known as “The Crosswood”. The visioner of Crosswood, Abraham Oluwanimilo, during the programme said the coming together of the Christian movie industry was necessary to boost professionalism. According to Oluwanimilo, the industry needs collaboration to meet international |
Nigeria’s inflation rate rose for a fourth-straight month in April, increasing the odds of a rate hike next week. Consumer prices rose an annual 22.2%, compared with 22% the previous month, data published on the National Bureau of Statistics’ website on Monday showed. That’s the highest level since September 2005. The median estimate of eight |
Lagos, May 10, 2023 The Central Bank of Nigeria (CBN) says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a statement on Wednesday. Abdulmumin said that the claim was completely false |
Lagos, May 2, 2023 Centre for the Promotion of Private Enterprises (CPPE) says some tax and import duty provisions in the 2023 Fiscal Policy Measures of the Federal Government may adversely affect the economy. Specifically, Dr Muda Yusuf, Founder, CPPE, in a statement of Tuesday, said those provisions could worsen the de-industrialisation worries in the |