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FG to launch CNG initiative before May 29, private sector invests $50m

    FG to launch CNG initiative before May 29, private sector invests $50m

The federal government says it will launch the compressed natural gas (CNG) initiative ahead of the first anniversary of President Bola Tinubu’s administration on May 29. In a statement on

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‘1% interest rate’ — Nigeria secures $2.25bn World Bank loan

    ‘1% interest rate’ — Nigeria secures $2.25bn World Bank loan

Wale Edun, minister of finance and coordinating minister of the economy, says the country has qualified for a World Bank loan of $2.25 billion. Edun spoke during a press conference

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Lawmaker: Commodities exchange can help create jobs, grow economy

    Lawmaker: Commodities exchange can help create jobs, grow economy

Osita Izunaso, chairman, senate committee on capital market, has tasked relevant stakeholders in the capital market to strive hard to strengthen the commodities exchange toward actualising its full potential. Izunaso

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‘There’ll be ups and downs’ — CBN says it’s working to stabilise naira

    ‘There’ll be ups and downs’ — CBN says it’s working to stabilise naira

The Central Bank of Nigeria (CBN) says it is doing everything possible to achieve a stable foreign exchange (FX) rate. Yemi Cardoso, CBN governor, spoke on April 20 during a

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Wale Edun: Swift economic reforms key to post-COVID-19 recovery

    Wale Edun: Swift economic reforms key to post-COVID-19 recovery

Wale Edun, minister of finance and coordinating minister of the economy, says swift economic reforms are key to recovering from

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FX inflow: FG considering ‘diaspora bond’ issuance to boost remittances

    FX inflow: FG considering ‘diaspora bond’ issuance to boost remittances

The federal government says it is considering the issuance of a diaspora bond to boost remittances. Wale Edun, the minister

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CBN meets IMTOs, sets up task force to double remittance inflows

    CBN meets IMTOs, sets up task force to double remittance inflows

The Central Bank of Nigeria (CBN) says it has collaborated with International Money Transfer Operators (IMTOs) to collectively commit to

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Recapitalisation: Access Holdings receives shareholders’ approval to raise $1.5bn

    Recapitalisation: Access Holdings receives shareholders’ approval to raise $1.5bn

Access Holdings has received shareholders’ approval to raise $1.5 billion from the local and international capital markets amid its recapitalisation

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Shettima: Petrol subsidy, multiple exchange rates were producing billionaires overnight

    Shettima: Petrol subsidy, multiple exchange rates were producing billionaires overnight

Vice-President Kashim Shettima says President Bola Tinubu ended petrol subsidy and multiple exchange rates in the official market because they

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World Bank: 11 countries have pledged $11bn to new financing tools

    World Bank: 11 countries have pledged $11bn to new financing tools

The World Bank Group says new financial instruments designed to boost lending capacity and enable it to take on more

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