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Nigeria’s Central Bank finally “floats” the Naira
The Central Bank of Nigeria (CBN) has declared that Nigeria currency (Naira) exchange rate is now floated, which implies that the Naira exchange rate ...
Economy
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The @VSFNigeria launches 2019 Rain-Fed Farming Intervention in Northeast Nigeria
Victims Support Fund (VSF) in continuation of the implementation of its 2019 programmes targeted at restoring livelihood to victims of insurgency on T...
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BREAKING: Nigeria heading towards another recession – Central Bank
The Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, has expressed fears that Nigeria may slide into another recession if measures are not t...
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Depot owners insist on full deregulation of downstream oil sector in Nigeria
The Depot and Petroleum Marketers Association of Nigeria (DAPMAN) says the rise in landing cost of petroleum products has renewed calls for full dereg...
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CBN warns Nigerian government against ‘spending spree’ of Excess Oil Revenue
With crude oil price rising steadily above benchmark level approved in the 2019 budget, the Monetary Policy Committee (MPC) of the Central Bank of Nig...
Nigeria’s economic growth slows in Q1 as oil sector shrinks
Growth in Nigeria’s fragile economy slowed to 2.01% in the first quarter as the country’s dominant oil sector shrank, the National Bureau of Statistic...
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South Africa’s Amplats fires over 600 underground workers at its Mototolo mine
Anglo American Platinum (Amplats) said on Monday it fired about half of the underground workers at its Mototolo mine following an illegal strike. Work...
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Zimbabwe hikes diesel, petrol prices by up to 47%
Zimbabwe’s energy regulator on Tuesday announced that prices of diesel and petrol had been increased by up to 47% effective immediately, a day after t...
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Palm oil is more expensive than crude oil in global market
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has urged that the federal government to pay more attention to palm oil saying it is m...
Expect increase in petrol pump price, expert tells Nigerians
Bismarck Rewane, chief executive officer of Financial Derivatives Company Limited, has asked Nigerians to brace up for an increase in the pump price o...