Economy
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Germany falls into recession following inflation
Germany is now in a recession due to worse-than-anticipated economic damage caused by rising inflation rates. According to official figures…
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Naira depreciates to N464.42 against Dollar at official exchange market
The Naira declined on Tuesday at the Investors and Exporters window, trading at N464.42 to the dollar, only five days…
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Buhari inaugurates Dangote refinery, says game changer for Nigeria’s economy
Dangote refinery is opened by Buhari, who claims it will revolutionize the Nigerian economy. Dangote Petroleum Refinery has been officially…
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Ahead of May 29 inauguration, Naira falls to 760/$1
The Naira has dropped to N765/$1 with just ten days till the next administration’s May 29th inauguration. On Friday, this…
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US to Buy 3 Million Barrels of Oil for replenishing emergency oil stockpile
The beginning of a multi-year process to restore America’s depleted emergency oil supply was signaled by the Biden administration’s announcement…
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CBN’s Net Domestic Credit rose to N70.6trn in March
The Central Bank of Nigeria’s Net Domestic Credit increased from N70.2 trillion in February to N70.6 trillion in March as…
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France extends electricity subsidies to 2025
As costs rise as a result of Russia’s invasion of Ukraine and the country’s nuclear reactor fleet remaining offline, the…
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Muslims mark Eid-el-Fitr in Imo low-key amid struggling economy
Imo State residents claim they opted for a low-key celebration of Eid-el-Fitr as Muslims around the world mark the holiday.…
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Exxon Mobil declares force majeure, suspends Exports
As a result of Exxon Mobil’s declaration of force majeure on oil lifting from several terminals across the nation, the…
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Naira appreciates against US dollar
The Nigerian naira saw profitable trading in relation to the US dollar as it increased on the Investors and Exporters…
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