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Economy

CBN raises interest rate to 14%

The Central Bank of Nigeria, on Tuesday, raised the interest rate to 14 per cent. The new interest rate comes barely two months after the...
Economy

Nigeria loses 20% crude production to oil thieves daily – Adewale Tinubu

Mr Adewale Tinubu, the Group Chief Executive Officer, Oando Plc, says Nigeria is losing about 20 per cent of its crude oil production to...
Economy

Price hike: Food prices’ll continue to rise in Nigeria, other African countries, says Ukraine

The Head of the Ukrainian President’s Office, Andriy Yermak, has said Nigeria and other African countries might face worsening food crisis as a result...
Economy

British International Investment invests $20m in mobility fintech

Nick O’Donohoe, Chief Executive Officer, British International Investment (BII) has announced a $20 million investment in Moove, a mobility fintech for democratising access to...
Economy

Naira loses to dollar by 0.21% at Investors and Exporters window

The Naira on Monday lost to the green back at the Investors and Exporters window, after closing on a positive note on June 24. The...
Economy

Naira depreciates again, exchanges at N419.75 to the dollar

The Naira depreciated against the dollar at the Investors and Exporters window on Friday as it exchanged at N419.75 to the dollar, a 0.06...
Economy

AfDB targets wheat importation cut in Nigeria by 40% by 2023

The African Development Bank (AfDB) says the heat-tolerant wheat production, being supported by the Bank in Nigeria, will help reduce importation of the product...
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