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Lagos, Nigeria
Thursday, February 22, 2018

Britain to add naira to list of accepted trade currencies

The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote...

OLX shuts down Nigeria offices

There are indications that OLX, an online marketplace owned by Naspers, has shut down its offices in Nigeria, a move that will affect over...

Nigerian Stock Exchange to be publicly listed

The Nigerian Stock Exchange (NSE) expects a bill that will allow it to be publicly listed will be signed into law this year, its...

Bitcoin recoups losses after worst week since 2013

Bitcoin rose 13 per cent on Tuesday, recovering about half of the losses it sustained last week, its worst since 2013, as investors who...

IMF raises concerns on China’s financial system

The International Monetary Fund on Thursday warned of brewing risks in China's banking system as it found dozens of crucial lenders needed to beef...

Central Bank weakens naira to 307 per dollar

Nigeria’s Central Bank on Monday weakened the naira marginally, selling dollars at N307 each for the first time on the official interbank market, in...

Bitcoin slides amid rollercoaster ride

The price of digital currency Bitcoin has fallen sharply in a period of wild trading since it passed the $11,000 mark a day ago. Bitcoin...

NNPC, Chevron finalize $1.7bn deal

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement. A statement signed...

IMF warns Angola, Gabon, Nigeria over debt-servicing

The International Monetary Fund (IMF) has warned that debt-servicing costs are becoming a burden, especially in oil-producing countries, noting that such costs were expected...

Emefiele predicts $40bn external reserves, stronger naira in 2018

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the nation’s external reserves will rise to $40 billion in 2018 to give...

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EFCC recovers N409b, $69m in 8 months

The Economic and Financial Crimes Commission (EFCC) between January and August 2017 recovered about N409 billion and secured 137 convictions nationwide, the acting chairman,...

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