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FG Records N1.1tn 8months Deficit In 2018 Budget

FG Records N1.1tn 8months Deficit In 2018 Budget   Between January and August, the Federal Government recorded a fiscal deficit of N1.14tn in its operations, figures obtained from the Budget Office of the Federation have revealed. The 2018 budget which was signed by President Muhammadu Buhari had...

Naira Devaluation Reduces Nigeria’s Trade Deficit by 44%

The devaluation of the naira slashed Nigeria’s trade deficit by 44 per cent to N196.5bn in June, from N351.3bn in March, the National Bureau of Statistics said on Tuesday. The bureau said the value of exports increased by 63 per cent to N1.9tn in the...

Trade deficit: More job loss likely in banks

Twenty Deposit Money Banks (DMBs) are expected to fire at least 10,000 out of their estimated 110,000 workers before the year-ends, The Nation has learnt. This becomes exigent as the impact of trade balance deficit recorded in the first quarter of this year begins to...