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    CBN to issue guidelines on contactless payment

    CBN disburses N173bn under 100-for-100 policy

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    Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

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    Can IPPs drive Nigeria’s power generation capacity?

    Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

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    Nigeria’s energy transition may gulp $410bn

    Nigeria’s energy transition may gulp $410bn

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      CBN to issue guidelines on contactless payment

      CBN disburses N173bn under 100-for-100 policy

      Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

      Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

      Can IPPs drive Nigeria’s power generation capacity?

      Can IPPs drive Nigeria’s power generation capacity?

      Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

      CBN: Achieving $200b non-oil export earnings

      Petrol may hit N800/litre on subsidy removal – Marketers

      Immediate subsidy removal portends danger to economy, stakeholders warn

      Olam, BATN, eight other exporters earn $100.88m in one month

      Import bill on manufactured goods falls 18.4% to N2.45trn

      Nigeria’s energy transition may gulp $410bn

      Nigeria’s energy transition may gulp $410bn

      As Dangote Sets Pace in Refinery Construction

      Dangote Refinery On March To Transform Nigeria’s Economy

      CBN to issue guidelines on contactless payment

      External reserves fall by $1.5bn in four months -CBN

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        CBN to issue guidelines on contactless payment

        CBN disburses N173bn under 100-for-100 policy

        Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

        Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

        Can IPPs drive Nigeria’s power generation capacity?

        Can IPPs drive Nigeria’s power generation capacity?

        Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

        CBN: Achieving $200b non-oil export earnings

        Petrol may hit N800/litre on subsidy removal – Marketers

        Immediate subsidy removal portends danger to economy, stakeholders warn

        Olam, BATN, eight other exporters earn $100.88m in one month

        Import bill on manufactured goods falls 18.4% to N2.45trn

        Nigeria’s energy transition may gulp $410bn

        Nigeria’s energy transition may gulp $410bn

        As Dangote Sets Pace in Refinery Construction

        Dangote Refinery On March To Transform Nigeria’s Economy

        CBN to issue guidelines on contactless payment

        External reserves fall by $1.5bn in four months -CBN

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          Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

          Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

          Can IPPs drive Nigeria’s power generation capacity?

          Can IPPs drive Nigeria’s power generation capacity?

          Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

          CBN: Achieving $200b non-oil export earnings

          Petrol may hit N800/litre on subsidy removal – Marketers

          Immediate subsidy removal portends danger to economy, stakeholders warn

          Olam, BATN, eight other exporters earn $100.88m in one month

          Import bill on manufactured goods falls 18.4% to N2.45trn

          Nigeria’s energy transition may gulp $410bn

          Nigeria’s energy transition may gulp $410bn

          As Dangote Sets Pace in Refinery Construction

          Dangote Refinery On March To Transform Nigeria’s Economy

          CBN to issue guidelines on contactless payment

          External reserves fall by $1.5bn in four months -CBN

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            CBN to issue guidelines on contactless payment

            CBN disburses N173bn under 100-for-100 policy

            Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

            Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

            Can IPPs drive Nigeria’s power generation capacity?

            Can IPPs drive Nigeria’s power generation capacity?

            Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

            CBN: Achieving $200b non-oil export earnings

            Petrol may hit N800/litre on subsidy removal – Marketers

            Immediate subsidy removal portends danger to economy, stakeholders warn

            Olam, BATN, eight other exporters earn $100.88m in one month

            Import bill on manufactured goods falls 18.4% to N2.45trn

            Nigeria’s energy transition may gulp $410bn

            Nigeria’s energy transition may gulp $410bn

            As Dangote Sets Pace in Refinery Construction

            Dangote Refinery On March To Transform Nigeria’s Economy

            CBN to issue guidelines on contactless payment

            External reserves fall by $1.5bn in four months -CBN

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              CBN to issue guidelines on contactless payment

              CBN disburses N173bn under 100-for-100 policy

              Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

              Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

              Can IPPs drive Nigeria’s power generation capacity?

              Can IPPs drive Nigeria’s power generation capacity?

              Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

              CBN: Achieving $200b non-oil export earnings

              Petrol may hit N800/litre on subsidy removal – Marketers

              Immediate subsidy removal portends danger to economy, stakeholders warn

              Olam, BATN, eight other exporters earn $100.88m in one month

              Import bill on manufactured goods falls 18.4% to N2.45trn

              Nigeria’s energy transition may gulp $410bn

              Nigeria’s energy transition may gulp $410bn

              As Dangote Sets Pace in Refinery Construction

              Dangote Refinery On March To Transform Nigeria’s Economy

              CBN to issue guidelines on contactless payment

              External reserves fall by $1.5bn in four months -CBN

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                CBN disburses N173bn under 100-for-100 policy

                Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                Can IPPs drive Nigeria’s power generation capacity?

                Can IPPs drive Nigeria’s power generation capacity?

                Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

                CBN: Achieving $200b non-oil export earnings

                Petrol may hit N800/litre on subsidy removal – Marketers

                Immediate subsidy removal portends danger to economy, stakeholders warn

                Olam, BATN, eight other exporters earn $100.88m in one month

                Import bill on manufactured goods falls 18.4% to N2.45trn

                Nigeria’s energy transition may gulp $410bn

                Nigeria’s energy transition may gulp $410bn

                As Dangote Sets Pace in Refinery Construction

                Dangote Refinery On March To Transform Nigeria’s Economy

                CBN to issue guidelines on contactless payment

                External reserves fall by $1.5bn in four months -CBN

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                  CBN to issue guidelines on contactless payment

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                  Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                  Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                  Can IPPs drive Nigeria’s power generation capacity?

                  Can IPPs drive Nigeria’s power generation capacity?

                  Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

                  CBN: Achieving $200b non-oil export earnings

                  Petrol may hit N800/litre on subsidy removal – Marketers

                  Immediate subsidy removal portends danger to economy, stakeholders warn

                  Olam, BATN, eight other exporters earn $100.88m in one month

                  Import bill on manufactured goods falls 18.4% to N2.45trn

                  Nigeria’s energy transition may gulp $410bn

                  Nigeria’s energy transition may gulp $410bn

                  As Dangote Sets Pace in Refinery Construction

                  Dangote Refinery On March To Transform Nigeria’s Economy

                  CBN to issue guidelines on contactless payment

                  External reserves fall by $1.5bn in four months -CBN

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                  Agusto&Co: Nigeria Recorded $699m FDI Inflows in 2021, Lowest Level Since 2013

                  Thisdaylive | May 11, 2022
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                  A report by Agusto&Co has indicated that insecurity has hampered foreign direct investments (FDI) as well as depleting the economic prospects of Nigeria, revealing that last year’s FDI, which stood at $699 was the lowest in eight years.

                  The report, titled, “the Economics of Insecurity: Nigeria Rough Patch,” noted that the rising insecurity is also rooted in the increase in unemployment and rising poverty.

                  It also stated that the increased insecurity in Nigeria has coincided with rising poverty levels, with an estimated 83 million people which is 39 percent of the total population, living in extreme poverty, which is less than $2 per day as of April 2022.

                  According to the report: “The rising level of insecurity constitutes a major drag on investor confidence which is negative for FDI inflows. Nigeria recorded $699 million in FDI inflows in 2021, the lowest level since 2013. The country’s level of insecurity, and the implication for business activity, cannot be overstated.

                  “Heightened uncertainty and instability hinder business operations including production, marketing, and distribution. In many cases, the country’s security situation has resulted in the suspension of commercial operations and expansion plans, thereby increasing unemployment and poverty levels.”

                  It noted that lower-income earners are more vulnerable to reductions in power purchasing power, job losses, and a lack of access to basic financial services that can help mitigate disruptions during periods of conflict. Security concerns in the country have also hampered access to raw materials in certain locations thus disrupting production cycles and driving up costs.

                  “Many transportation and logistics providers are charging higher fees to specific regions, as security risks are being factored into the fares. According to the NBS, the average airfare charged for specified routes is up 28.26 percent in the last year while the average charge for intercity bus journeys is up 35.65 percent within the same period,” it states

                  Furthermore, on the impact of insecurity on the economic performance of Nigeria, it emphasised that in order to ensure sustainable long-term economic growth is closely tied to its national security.

                  It further stated:  “The widespread insecurity in the country has led to the disruption of agricultural activities which is the largest employer of labour and the largest economic sector in the country at 25.9 percent of GDP in 2021.

                  “Agriculture also provides input for various manufacturing companies. Nigeria’s high food inflation rate, which stood at 17.2 percent in March 2022, is largely attributed to the increasing scourge of insecurity in the country’s Northern region. Communal clashes and banditry, in addition to the farmer-herder disputes, have raged unabated throughout Nigeria’s North-Central zone, spreading to neighbouring states including the South-West zone.”

                  “Insecurity has constrained the ability of many farmers to access their farmlands while some are forced to pay terrorist groups to gain access to their farmlands for planting and harvesting. This translates to suboptimal agricultural output, scarcity, and higher food prices. This eventually impedes our ability to attain self-sufficiency in food production which is fueling increased food importation and piling on the pressure on the external reserves,” it stated.

                  The report however recommended that tackling poverty and unemployment from their root causes is crucial to winning the war against terror adding, “While pro-poor growth strategies and social welfare are crucial to assuaging poverty, strengthening institutions and investing in infrastructure are key to stimulating investments that would support long-term economic growth and stimulate job creation.”

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