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Recession: EU chief advises Nigeria to devalue Naira

    Recession: EU chief advises Nigeria to devalue Naira

European Union (EU) official Fillippo Amato yesterday advised the Federal Government to devalue the Naira as part of measures to tackle the economic recession. Amato, Counsellor, Head of Trade and

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Oil price hits $50, Nigeria’s exports to rise

    Oil price hits $50, Nigeria’s exports to rise

Global oil benchmark, Brent crude, extended its rally on Sunday to hit the $50 per barrel mark, the third time this year. This comes as the expected return of the

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Gas shortage: Dangote cement, BUA turn to coal

    Gas shortage: Dangote cement, BUA turn to coal

Dangote Cement Plc and BUA Group have turned to locally-mined coal to fire their cement plants and to lower its production costs. The decision, the companies said, was because of

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Tinubu: recession requires Nigerians’sacrifice

    Tinubu: recession requires Nigerians’sacrifice

All Progressives Congress (APC) stalwart Asiwaju Bola Tinubu has said that Nigeria needs the the sacrifice of all to overcome the prevailing economic recession. In a brief remark at the

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Tinubu, Atiku, others proffer ways for economic recovery

    Tinubu, Atiku, others proffer ways for economic recovery

Nigeria needs to tap into its enormous natural and human resources to redirect her economy away from dependence on oil

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India promises to buy more Nigerian crude oil

    India promises to buy more Nigerian crude oil

The Indian Government has promised to increase the volume of crude oil it buys from Nigeria. The Asian country also

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Nigeria to get $1b AfDB loan to bridge budget gap

    Nigeria to get $1b AfDB loan to bridge budget gap

The African Development Bank (AfDB) has approved a $1 billion loan to cover the deficits in Nigeria’s 2016 budget, which

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Troubled Naira plunges to 440 as dollar inflow drops

    Troubled Naira plunges to 440 as dollar inflow drops

The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity

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N90bn bailout: FG to evaluate states’ fiscal plan

    N90bn bailout: FG to evaluate states’ fiscal plan

The Federal Government will soon begin an evaluation of the rate of compliance by state governments with the implementation of

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Oil prices rise ahead of OPEC meeting

    Oil prices rise ahead of OPEC meeting

Oil prices rose over the week despite late profit-taking, as traders switched attention to a looming meeting of key producers

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