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How currency deal with China‘ll boost Nigeria’s economy - CBN How currency deal with China‘ll boost Nigeria’s economy - CBN

The Nigeria-China currency swap deal will not stifle local companies and make the country a dumping ground for Chinese goods, the Centra...

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Naira depreciates against dollar at parallel market Naira depreciates against dollar at parallel market

The Naira on Friday depreciated against the dollar at the parallel market in Lagos.

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CBN begs Nigerians - 'Please handle the Naira with care' CBN begs Nigerians - 'Please handle the Naira with care'

The Central Bank of Nigeria (CBN) has once again called on Nigerians to handle the Naira with care, as it was a symbol of the nation’s id...

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Oil price close in on $80/barrel — highest since Buhari assumed office Oil price close in on $80/barrel — highest since Buhari assumed office

Oil prices steadied to a 3-year-high yesterday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter I...

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Nigerian banks sabotaging our efforts to replace old naira notes with new ones - CBN Nigerian banks sabotaging our efforts to replace old naira notes with new ones - CBN

The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in th...

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Nigeria's oil production rises to 2.07 million barrels per day Nigeria's oil production rises to 2.07 million barrels per day

Nigeria’s oil production, including condensates, increased to 2.07 million barrels per day (bpd) last month from 2.02 million bpd in Marc...

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Nigeria’s excess oil revenue rises to N22.4 Billion daily as price hits $77 Billion per barrel Nigeria’s excess oil revenue rises to N22.4 Billion daily as price hits $77 Billion per barrel

Nigeria’s excess oil revenue has risen to N22.4 billion daily as a result of the sudden leap in the price of crude from $67 to $77 per ba...

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Uncertainty over global supplies amid tight market Uncertainty over global supplies amid tight market

Oil prices rose more than two per cent on yesterday, with Brent hitting a 3-1/2-year high, after Trump abandoned the nuclear deal with Ir...

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Customers Cry Out - 'Nigerian Banks Are Ripping Us Through ATMs' Customers Cry Out - 'Nigerian Banks Are Ripping Us Through ATMs'

Commercial Bank customers within the Federal Capital Territory (FCT) have decried excess charges by banks through Automated Teller Machin...

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China, Nigeria seal currency swap deal China, Nigeria seal currency swap deal

China’s Central Bank said on Thursday that it has inked a currency swap agreement with Nigeria.

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Naira closes at N362 to dollar at parallel market Naira closes at N362 to dollar at parallel market

The Naira on Wednesday closed at N362 to the dollar, stronger than N363 posted on Monday at the parallel market, the News Agency of Nige...

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31.4million customers captured in BVN - CBN 31.4million customers captured in BVN - CBN

No fewer than 31 million customers have been captured in the Bank Verification Number (BVN), the Central Bank of Nigeria (CBN) has said....

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I don't own Visionscape - Tinubu cries out I don't own Visionscape - Tinubu cries out

A former governor of Lagos State, Asiwaju Bola Tinubu, says contrary to rumours flying around, he has no stake in Visionscape, a foreign ...

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President Buhari to inaugurate Nigeria’s first seven-star hotel President Buhari to inaugurate Nigeria’s first seven-star hotel

President Muhammadu Buhari is expected to inaugurate Nigeria’s first seven-star apartment hotel, the Fraser Suites, located in the Centra...

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CBN to reduce daily mobile transaction limit to N100,000 CBN to reduce daily mobile transaction limit to N100,000

The Central Bank of Nigeria (CBN) yesterday pegged maximum daily transactions through mobile phone- Unstructured Supplementary Service Da...

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Oil boom for Nigeria as prices shoot up to $73.79 a barrel Oil boom for Nigeria as prices shoot up to $73.79 a barrel

An improvement in Nigeria’s oil earnings is on course as prices held firm yesterday near three-year highs reached earlier this week as o...

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Court halts planned sale of 9mobile Court halts planned sale of 9mobile

The Federal High Court in Abuja has halted the plan to sell the telecommunication firm, Etisalat, now called 9mobile. This followed an ...

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World Bank warns Nigeria over rising debts World Bank warns Nigeria over rising debts

The World Bank has raised the alarm over rising debts in African countries, including Nigeria. While releasing ‘Africa’s Pulse’, a bia...

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Teleology gets 90 days to pay $450m for 9mobile Teleology gets 90 days to pay $450m for 9mobile

Teleology Holdings Limited (THL), the preferred bidder for 9mobile Limited, has paid the $50 million unrefundable deposit for its acquis...

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Oil rises to $68.65 as stock market rebounds Oil rises to $68.65 as stock market rebounds

Oil prices rose more than two per cent on Monday, supported by a rebound in the stock market as trade war between the United States and ...

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