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Nigeria’ll get out of recession this year – W’Bank

    Nigeria’ll get out of recession this year – W’Bank

The World Bank has predicted that Nigeria will get out of recession and grow its Gross Domestic Product by one per cent this year after plunging into its worst recession

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Ekeh to CNN: Govt investment in ICT will create more Nigerian billionaires

    Ekeh to CNN: Govt investment in ICT will create more Nigerian billionaires

With the right kind of investment in technological platforms and the overwhelming support of the government in providing the requisite enabling environment, Nigeria can effortlessly produce global billionaires from the

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Refineries production capacity to hit 60% by December, says NNPC

    Refineries production capacity to hit 60% by December, says NNPC

The Nigerian National Petroleum Corporation (NNPC) says it aims to reduce fuel importation by boosting the capacity utilisation of the country’s refineries to 60 per cent by the end of

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CBN sells N173b T-Bills, fixed income securities’ yields rise

    CBN sells N173b T-Bills, fixed income securities’ yields rise

The Central Bank of Nigeria (CBN) has sold N172.85 billion ($550 million) at its first treasury bill (T-Bills) auction of the year with yields unchanged from the previous auction, held

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Telecom subscribers hit 153.9 million, says NCC

    Telecom subscribers hit 153.9 million, says NCC

Active users of telecommunications services in the country have increased to 153,949,450 as at November last year, Nigerian Communications Commission

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Oil price hits 18-month high at $58.37

    Oil price hits 18-month high at $58.37

Oil prices hit 18-month highs yesterday, the first trading day of 2017, buoyed by hopes that a deal between Organisation

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CBN: new e-payment pricing policy coming

    CBN: new e-payment pricing policy coming

The Central Bank of Nigeria (CBN) has deregulated the Merchant Service Charge (MSC) and will be implementing a new pricing

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Economic Crisis: Dogara seeks traditional rulers’ support for Buhari

    Economic Crisis: Dogara seeks traditional rulers’ support for Buhari

Speaker of the House of Representatives, Mr Yakubu Dogara, has called on traditional rulers across Nigeria to rally their subjects

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CBN sells $1bn to clear backlog of forex demand

    CBN sells $1bn to clear backlog of forex demand

The Central Bank of Nigeria has sold about $1bn on the forward market to clear a backlog of dollar obligations

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Naira weakens to N490/$ at parallel market

    Naira weakens to N490/$ at parallel market

The Naira yesterday weakened to N490 to a dollar at the parallel market after appreciating to N485 to a dollar

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