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$2.08bn petroleum imports from Malta, others weakening naira, economists say

NIGERIA'S reliance on petroleum importation from Malta and several other European countries is a major cause for Nigeria's weaker...
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Naira hits worst level in four months at N1,609.29 after CBN rate hike

THE naira depreciated to its worst level in four months to N1,609.29 against the dollar on Friday, July 26,...
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Senate to investigate sabotage in Nigeria’s oil sector in past 10 years

THE Senate will soon investigate the disruptions that have hampered Nigeria's oil and gas industry in the last 10...
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Eni secures regulator’s approval to sell 100% of Nigerian unit to Oando Plc

THE Nigerian government has approved the 100 per cent divestment of Italian firm Eni onshore Nigerian assets to Oando...
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Gabon president woos Dangote amid business tycoon’s row with Nigerian government

THE President of Gabon, Brice Oligui Nguema, has invited the Chairman of Dangote Industries Limited, Aliko Dangote, to invest...
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Investors lost N46.7bn in stock trading over CBN’s 26.75% rate hike

FOLLOWING the benchmark interest rate hike by the Central Bank of Nigeria (CBN) on Tuesday, July 23, the Nigerian...
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