CBN Governor says Nigeria spends 40% of FX on importation of Petroleum Products
Central Bank of Nigeria Governor, Mr. Godwin Emefiele, on Thursday lamented that Nigeria spends almost 40 percent of its scarce
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Economy
G7 nations endorse digital-currency principles
Finance ministers and central bank governors from the Group of Seven nations have endorsed policy principles for digital currencies issued
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A’Ibom government signs $600m industrial park agreement with Korean company
Akwa Ibom State Government has signed a contract with a Korean-based company, Kumbit Global Limited, for the establishment of Ibom
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2022 budget: Petrol, electricity subsidies to go
Plans are underway by the Federal Government to remove subsidies on petrol and electricity in 2022, the Minister of Finance,
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Finance Minister says Nigeria won’t have exited Recession without borrowing
The Minister of Finance, Budget, and National Planning, Zainab Ahmed has again defended recent borrowings by the Federal Government, insisting
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Facebook Plunge: Zuckerberg Loses $7bn in nearly six-hour global outage
Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on
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VAT Row: South-South States to join suit at Appeal Court
South-South state governors have resolved that states in the region should join the suit filed by the Federal Inland Revenue
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Egypt’s Suez Canal makes all-time daily traffic record
Traffic passing through Egypt’s Suez Canal on Wednesday reached an all-time record per day in the waterway’s history, Chairman of
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Zimbabwe solicits Rwanda’s help to rejoin Commonwealth
Zimbabwe is seeking Rwanda’s support in her effort to rejoin the Commonwealth, which it left in 2003, Zimbabwean Foreign Minister
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AfDB says Nigeria, Egypt, S/Africa account for 80% of Africa’s investment market in 10 years
Nigeria, Egypt and South Africa dominate 80 percent of Africa’s portfolio investment market in the last decade and also account
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