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Tackle Inflation: World Bank, IMF Urge CBN

Tackle Inflation: World Bank, IMF Urge CBN

…As Rate Hits 34.8% The World Bank and the International Monetary Fund (IMF) have called on the Central Bank of Nigeria (CBN) to remain steadfast in controlling inflation. Nigeria’s inflation rate increased to 34.8 percent in December, up from 33.6 ...

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Nigeria Seeks Higher Quota From OPEC

Nigeria Seeks Higher Quota From OPEC

Nigeria is preparing to persuade the Organisation of Petroleum Exporting Countries (OPEC) to increase its oil production quota as the country’s crude output recovers from years of decline. The chief executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, said the ...

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Nigeria, Global Leaders Target $29trn African Economy By 2050

Nigeria, Global Leaders Target $29trn African Economy By 2050

Vice President Kashim Shettima has joined other world leaders to push for the full implementation of the African Continental Free Trade Area (AfCFTA) with a target to boost Africa’s economy to $29 trillion by  2050. He restated Nigeria’s readiness to spearhead the ...

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Nigeria, China Renew N3.28trn Currency Swap Deal

Nigeria, China Renew N3.28trn Currency Swap Deal

Six years after the initial agreement to a currency swap deal, China’s central bank, People’s Bank of China has renewed its bilateral currency swap agreement with the Central Bank of Nigeria to the tune of N3.28 trillion naira or 15 ...

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