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Naira Slides in Black Market, Gains at Official Window The naira slipped against the US dollar on Friday, August 29, recording a marginal depreciation in the parallel market. Currency traders in Abuja told Economic Confidential that the naira exchanged at ₦1,540/$1 for buying and ₦1,550/$1 for selling…Read More

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FG Targets 21% GDP Boost with e-Governance Bill   The Federal Government has said that Nigeria’s Gross Domestic Product could receive a major boost from the digital economy, with contributions projected to rise to 21 per cent by 2030, if the proposed National Digital and E-Governance Bill is passed into law…Read More

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Market Capitalisation Falls to N88.9trn Amid Sustained Bearish Run   The Nigerian Exchange closed negative on Thursday as bearish trading sentiments wiped off N438bn from investors’ wealth, dragging the equities market capitalisation to N88.9tn at the end of the day’s transactions. The All-Share Index shed 691.52 points…Read More

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Excess Crude Account Stands at $535,823 – AGF   The Accountant-General of the Federation, Shamseldeen Ogunjimi, on Thursday said Nigeria’s Excess Crude Account stood at $535,823.39 as of August. Ogunjimi disclosed this at the National Economic Council meeting chaired by Vice-President Kashim Shettima. The ECA was created in 2004 under former President Olusegun Obasanjo to […] The post Excess Crude Account Stands at $535,823 – AGF appeared first on Economi Confidential…Read More

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In the first seven months of 2025, total tax collections reached an estimated ₦17.4 trillion, with the non-oil economy supplying roughly three-quarters of that (about ₦13.07 trillion), marking a sharp break from the petro-dominance that had long defined the treasury. What’s behind the surge Three forces are pushing in the same direction…Read More

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Peter Obi’s running mate during the 2023 presidential election, Datti Baba-Ahmed, has said he would not mind not being on the ticket in 2027. Baba-Ahmed stated this on Tuesday night while speaking on Arise TV’s Prime Time. He, however, made it clear he is not yet convinced to join the African Democratic Congress, ADC. “My own thinking is that you should convince me why I should go to ADC. Where was ADC in 2023 when Labour Party got 10 million votes? I’m yet to be convinced to leave LP. “Labour Party’s arms are open to welcome back Peter Obi. I…

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