Finance

IEA pushes for stricter 3% budget deficit ceiling

Amid the growing conversation about stringent rules to anchor fiscal policy, the Institute of Economic Affairs (IEA) is proposing, among other things, a three percent Gross Domestic Product (GDP) cap on the budget deficit.

If realised, it would be co…

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Naira ends the week red in absence of CBN support

The Nigerian local currency, the naira, closed the week on negative note as heavy forex demand continues to exert pressure on the exchange rate in the official window. Though there has been accretion into external reserves, the apex bank appears

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