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Oil trades above $50pb for first time in six months


For several hours yesterday, Brent Crude traded above $50 a barrel for the first time this year as supply disruptions in Nigeria, Venezuela and Canada continued to affect production. Brent, the benchmark oil for Nigeria’s crude last traded around $50 per barrel in November last year. Nigeria’s 2016 budget is …

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Google Maps Might Soon Be Full of Ads

Your handy directions to the hot new restaurant downtown may soon come with serving of ads. Google will let companies pay to have their logos appear over the location of their businesses in the company’s ubiquitous Maps app. This feature is already available in Waze, which is owned by Google, …

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Why looted 300m pounds still trapped in UK – FG

The Minister of Foreign Af­fairs, Geoffrey Onyeama, has given insights into why Nigeria’s £300 million stashed in Jersey Island in the United King­dom (UK) has not been repatriated to the country. At a media dialogue on the one-year an­niversary of President Muhammadu Bu­hari’s administration on foreign affairs per­spective, he said …

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Central Bank to Introduce Flexible Exchange Rate Regime

After months of resisting calls for the adoption of a flexible foreign exchange regime, the Central Bank of Nigeria (CBN) on tuesday finally bowed to pressure, stating that it would introduce greater flexibility in the interbank foreign exchange market structure and retain a small window for critical transactions for prospective …

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