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Tag Archives: Recession

Recession and panic decisions: The story of Wells Fargo

Wells Fargo

By Olumuyiwa Falola Wells Fargo & Company, popularly known as Wells Fargo, is an American international banking and financial services holding company with its headquartersa in San Francisco, California. The company holds one of the most admirable profiles of all times. Alongside JPMorgan Chase, Bank of America, and Citigroup, Wells …

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Investors Suffer loss of N27.4b in September

Investor

Investor’s investment on the Nigerian stock market has dropped by N27.4 billion for the month of September this year as the Nigerian Stock Exchange, NSE market capitalisation which represents the market value dropped from N9.760 trillion at the beginning of trading for the month to close at the last trading …

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FG Releases N2.95t In six months for 2016 budget

Godwin Emefiele

Out of the N6.06tn approved for the 2016 budget, about N2.95tn has so far been released by the Federal Government for capital and recurrent expenditures, figures from the Central Bank of Nigeria have indicated. The apex bank stated that the N2.95tn spent in the first half of this year was …

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Nigeria loses N6.33t to naira devaluation

Bank

  Nigeria will spend an equivalent of its 2016 budget to service debts as its currency, the naira, continues to lose value against the United States dollar. Devaluation has put the real value of the country’s debt stock at around N18.9 trillion, when considered at the official rate of N307.79 …

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Recession: Investment inflow dwindles by N642bn under Buhari

Buhari

The Nigerian economy recorded a total decline of $2.1bn in investment inflow in the first 12 months of the administration of President Muhammadu Buhari. The $2.1bn, when converted based on the N305.5 per dollar official exchange rate of the Central Bank of Nigeria, translates to about N642bn. Investigations by our …

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RECESSION: Bukola Saraki intensifies buy made-in-Nigeria campaign

Bukola Saraki

In furtherance of his resolve to promote Made in Nigeria products as one of the ways out of the current economic recession, Senate President, Dr. Abubakar Bukola Saraki, on Monday assured the nation’s manufacturers that the National Assembly would do all it takes to ensure maximum patronage for their goods …

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