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Nigeria consumer inflation falls slightly to 11.25% from 11.31% in March
Nigeria’s consumer inflation stood at 11.25 percent in March, compared with 11.31 percent in February, the National Bureau of Statistics said on Tuesd...
Economy
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Nine in ten extremely poor people in 2030 will be Africans – World Bank
David Malpass, the newly elected president of the World Bank, says nine in every 10 extremely poor people across the world will be Africans come 2030....
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Nigeria’s finance minister okays IMF advice on subsidy removal
Finance Minister, Mrs. Zainab Ahmed, on Thursday, described the International Monetary Fund’s (IMF’s) advice to the Federal Government on the need to ...
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South African business confidence drops to seven-month low in March
South Africa’s business confidence fell to a seven-month low in March, hurt by power cuts, higher electricity tariffs and slowing manufacturing produc...
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Zimbabwe reaches agreement with IMF on economic reform programme
Zimbabwe has reached agreement with the International Monetary Fund (IMF) on a programme of economic policies and structural reforms that could pave t...
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Nigeria plans special economic zones to double manufacturing by 2025
Nigeria announced on Wednesday a target to double its manufacturing output to 20 percent of GDP within six years and will set up production hubs acros...
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BREAKING: Nigeria ranked world’s second worst in use of sovereign wealth funds
The International Monetary Fund has ranked Nigeria as the second worst country in the world in the use of sovereign wealth funds. According to the Fis...
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IMF cuts Tanzania’s 2019 economic growth forecast to 4%
The International Monetary Fund lowered its forecast for Tanzania’s economic growth this year and in 2020 to around 4 percent from a previous forecast...
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Squeezed by US shale, Nigerian oil propped up by Asian demand
The rising tide of light U.S. shale oil has largely swept away comparable grades of Nigerian oil from American shores and is putting them under pressu...
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Nigeria lost N205bn worth of petroleum products to vandals in 10 years
Between 2008 and 2017, Nigeria lost a total of N205.4 billion worth of petroleum products to vandals who hacked into petroleum products pipelines of t...