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Nigeria’s economy likely to shrink this year –IMF

    Nigeria’s economy likely to shrink this year –IMF

Nigeria’s economy will most likely contract this year as energy shortages and the delayed budget weigh on output, the International Monetary Fund has said. “I think there is a high

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NLNG has reduced gas flaring to 20 per cent, says MD

    NLNG has reduced gas flaring to 20 per cent, says MD

•Firm invests $12m in six universities The Nigeria Liquefied Natural Gas (NLNG), at the weekend, said it has reduced gas flaring from 65 per cent to 20 per cent. NLNG

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Shareholders own Skye Bank, say new Chairman

    Shareholders own Skye Bank, say new Chairman

The Chairman of Skye Bank Plc, Mr. M.K. Ahmad, has clarified that the reconstitution of the board of the bank by the Central Bank of Nigeria (CBN) was not a

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Foreign airlines lose N67bn to new forex policy

    Foreign airlines lose N67bn to new forex policy

The over 25 foreign airlines flying into Nigeria have lost a combined sum of $240m (N67.2bn) following the adoption of a new foreign exchange policy by the Central Bank of

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Amid dwindling economy, stakeholders raise hope in Nigeria’s ICT business

    Amid dwindling economy, stakeholders raise hope in Nigeria’s ICT business

Despite the tough times businesses are going through due to current challenges facing the Nigerian economy, stakeholders in the information

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New forex policy raises import duty by 43%

    New forex policy raises import duty by 43%

Following the commencement of the implementation of the new foreign exchange policy, which moves the naira to dollar exchange rate

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Oando records N4.1b net profit in three months

    Oando records N4.1b net profit in three months

Oando Plc’s operational reports and audited financial statements indicate that the leading indigenous energy group recorded a net profit of

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FG earns N724bn from oil in three months

    FG earns N724bn from oil in three months

The Federal Government generated a sum of N724.63bn as oil revenue within the first three months of the year, figures

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Interbank rate drops as market liquidity surges

    Interbank rate drops as market liquidity surges

The nation’s interbank overnight rate fell to five per cent on Friday from 15 per cent a week ago, as

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Airfares soar by 57% over new forex policy

    Airfares soar by 57% over new forex policy

• Many Nigerian travellers may shun summer holidays Foreign travels, especially for leisure during this year’s summer, may be out

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