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Category: Business
UBA, EXIM Bank sign $100 million MOU to expand trade between US and Africa

UBA, EXIM Bank sign $100 million MOU to expand trade between US and Africa

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Chairman and President of the Export-Import Bank of the United States (EXIM Bank) Fred P. Hochberg, and Group Managing Director and CEO of United Bank for Africa (UBA) Phillips ...

Petrol to now sell at N145 per litre

Petrol to now sell at N145 per litre

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The Nigeria Government has announced policy shift in its downstream oil sector with the scrapping of the controversial subsidy on petrol. The subsidy on fuel has been a delicate ...

Be patient with Buhari on state of the nation’s economy, NCRIB urges Nigerians

Be patient with Buhari on state of the nation’s economy, NCRIB urges Nigerians

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The National body of the Nigerian Council of Registered Insurance Brokers (NCRIB), has urged Nigerians to be patient with President Muhammadu Buhari on the present state of the ...

IMF calls for Policy reset in Nigeria, others to secure growth

IMF calls for Policy reset in Nigeria, others to secure growth

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The International Monetary Fund (IMF) has stressed the “critical need” for a substantial policy reset by policy makers in the countries, adding that their response to date has ...

Nigeria’s external reserves fall by $753m

Nigeria’s external reserves fall by $753m

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Nigeria’s external reserves diminished by a total of $753 million to close at $27.123 billion as at April 28th, compared with the $27.859 billion it was as at April 1. The ...

Oil prices hit a new high for 2016 $47

Oil prices hit a new high for 2016 $47

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Oil had risen early, the day after an industry group said U.S. crude inventories had dropped in the latest week.

Sterling Bank posts N2.8 billion profit in 2016 Q1

Sterling Bank posts N2.8 billion profit in 2016 Q1

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The News Agency of Nigeria (NAN) reports that this is contained in the bank's unaudited result released to the Nigerian Stock Exchange (NSE) on Thursday. The profit before tax ...

Oil hits 2016 high due to falling output, weaker dollar

Oil hits 2016 high due to falling output, weaker dollar

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Oil hit its highest level on Wednesday, driven by a falling dollar and evidence of declining U.S. supply, putting the price on course for its strongest monthly performance since ...