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The International Monetary Fund has said that Nigeria allocates the majority of its revenue to debt servicing, leaving limited funds for critical development projects. Speaking during the Fiscal Monitor press briefing at the ongoing IMF/World Bank Annual Meetings in Washington…
THAT most of Nigeria’s 36 states are sinking deeper into a debt trap despite increased allocations from the Federation Account gives cause for concern. The paradox of rising debt amid rising revenues after the petrol subsidy cancellation points to the…
Arsonists set fire to Gazi Tyres factory in Narayanganj’s Rupganj upazila last night after looting valuables from the six-storey building, factory officials said. Twelve firefighting units were working to extinguish the fire since last night but it could not be…
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