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Economy
Database reveals secrets of China’s loans to developing nations, says study
THE terms of China's loan deals with developing countries are unusually secretive and require borrowers to prioritise repayment of Chinese state-owned banks ahead of other creditors, a!-->…
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Oil prices drop over expected increase in US stocks, strong dollar
OIL prices declined on Wednesday over the double whammy of an expected rise in US crude oil inventories and the rising value of the dollar.This makes US-dollar-priced oil more!-->!-->!-->…
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CBN’s ‘Naira4Dollar’ scheme will boost economy if well-articulated – ABCON
THE Central Bank of Nigeria’s ‘Naira 4 Dollar’ Scheme is capable of ensuring a competitive diaspora remittance market space that would spur Naira stability, according to President of!-->…
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FG debt cost to rise on bond yields repricing as US extends 4x Nigeria’s GDP as stimulus
THE Federal Government of Nigeria's cost of obtaining funds from the local debt market is expected to rise amidst bond yields repricing in the fixed income space.This will likely!-->!-->!-->…
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Petrol marketers decry difficulty to restock, worsening scarcity
OIL marketers on Wednesday said petrol scarcity in many parts of the country was not on the decrease due to the difficulty filling stations face to restock their tanks with products.
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No plans to increase ex-depot price of petrol – NNPC
NIGERIA's petroleum industry regulator, the Nigerian National Petroleum Corporation (NNPC), has said that it has no plans to increase the ex-depot price of Premium Motor Spirit (PMS),!-->…
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Dangote Refinery to buy oil from FG in Naira
THE Federal Government has concluded plans to sell crude oil to the $15 billion Dangote Refinery in Naira.This, reports say, is part of measures adopted to strengthen the currency!-->!-->!-->…
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CBN confirms adjustment of naira to N410/$1
THE Central Bank of Nigeria has confirmed that the naira has depreciated at the official market to N410 against the dollar.This, the Federal Government hopes to take a more!-->!-->!-->…
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Yetunde Taiwo appointed GM of Seplat’s ‘New Energy’ portfolio
YETUNDE Taiwo has been appointed to head the New Energy portfolio in Africa’s largest homegrown E&P company, Seplat.The new position comes with the company’s Gas Business,!-->!-->!-->…
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Exchange rate stabilises at N410/$1 as oil price rallies above $65 per barrel
THE exchange rate between the Naira and the US Dollar closed at N410/$1 at the Investors and Exporters window, where forex is traded officially.Naira remained stable on the NAFEX!-->!-->!-->…
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