JP Morgan, an American multinational financial services firm, says the naira is expected to appreciate, and trade at about N600 to the dollar in the coming months. The financial institution made the projection in a statement on Thursday. On Wednesday, the Central Bank of Nigeria announced the unification of all segments of the forex exchange […]
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U.S.-China trade war has boosted the risk of a U.S. recession, say a strong majority of economists polled by Reuters, who now put the chances of that happening in the next two years at 40 per cent. That is up from a median 35% in last month’s poll, the first time it had dipped slightly […]
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At least 20 German firms are in Nigeria to explore investment opportunities in the country. The Chief Executives of the visiting firms, led by the Minister of Industry, Trade and Investments, Okechukwu Enelamah, on Tuesday paid a courtesy visit to Vice President Yemi Osinbajo to obtain first-hand information on the various investment opportunities. According to […]
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The Vice-President of Nigeria, Professor Yemi Osinbajo says Nigeria did not sign the African free continental trade agreement (AfCTA) because the federal government wanted to satisfy the private sector. Speaking on Thursday at the FT Nigeria Summit, the vice-president said the private sector was not happy with the specifics of the agreement. He said: “With […]
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