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Strong dollar worsens naira pressure, US enters recession

todayJuly 29, 2022

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The naira has come under increased pressure as the United States dollar has risen to a record high against other global currencies following interest-rate hikes meant to tame inflation. The Federal Reserve officials, on Wednesday, unanimously agreed to raise their benchmark federal-funds rate to a range between 2.25 percent and 2.5 percent. On Thursday, the […]

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BE PATIENT, BUHARI IS GOING BACK TO DAURA SOON 

Presidency’s customary flippant response to senators’ ultimatum to the president shows the administration’s misreading of the political situation, writes Bolaji Adebiyi  It is significant that the presidency dismissed the ultimatum given to President Muhammadu Buhari on Wednesday to tackle the worsening security situation in the country within two weeks or prepare to be removed from office. It showed clearly how complacent that institution that was entrusted with the security of lives […]

todayJuly 29, 2022

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