ABUJA (Reuters) -Nigeria’s naira hit a record low of 980 per dollar on the official market on Tuesday, Refinitiv data showed, mirroring weakness on the parallel market, as persistent dollar …
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UNITED NATIONS (Reuters) – Nigerian President Bola Tinubu said on Tuesday he was seeking to re-establish constitutional order to address political and economic problems in neighboring Niger following a July …
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By Ahmed Kingimi MAIDUGURI, Nigeria (Reuters) – At least seven worshippers were killed in an attack on a mosque by a gang of armed men in Nigeria’s northwest Kaduna state, …
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By Ahmed Kingimi MAIDUGURI, Nigeria (Reuters) -At least 12 people have been kidnapped in two separate incidents in northern Nigeria, officials and witnesses said on Saturday. In the first incident, …
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By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.51% in the second quarter, data showed on Friday, hurt by a fall in oil production amid …
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By Camillus Eboh ABUJA (Reuters) – Nigeria’s suspended central bank governor Godwin Emefiele will appear in a high court in Abuja on Thursday, when he is expected to enter a …
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By Felix Onuah ABUJA (Reuters) – Nigeria has saved over 1 trillion naira ($1.32 billion) in just over two months by scrapping a popular but costly subsidy on petrol and …
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ABUJA (Reuters) – Nigeria’s President Bola Tinubu has appointed a financial watchdog to investigate the central bank, weeks after he suspended its governor, a copy of a letter from the …
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By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s central bank has sold the dollar at 645 naira at its latest auction, results showed on Friday, lower than 465 naira where the …
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By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s new president Bola Tinubu faces a litany of problems, including widespread violence, double-digit inflation and industrial-scale oil theft. His victory is being challenged …
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ABUJA (Reuters) – Nigeria’s Senate amended a law on Saturday to allow the federal government to borrow more money from the central bank, just days before incoming President Bola Tinubu …
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By MacDonald Dzirutwe and Libby George LAGOS (Reuters) – Nigeria’s incoming President Bola Tinubu will inherit anaemic economic growth, record debt and shrinking oil output, but before he can start …
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LAGOS (Reuters) – Nigeria’s ruling party candidate Bola Tinubu was on Wednesday declared winner of a disputed weekend presidential election by the electoral commission after defeating two of his closest …
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YOLA, Nigeria (Reuters) – Nigeria’s presidential hopeful Atiku Abubakar on Saturday said he would bring peace and unity to the country and improve its economic fortunes as he made his …
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LAGOS (Reuters) – Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many …
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By Seun Sanni and Temilade Adelaja AKWA IBOM, Nigeria (Reuters) – For years, Emem Thomas’ body drew snarky remarks from slimmer classmates in southern Nigeria that shattered her confidence and …
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By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s debt service costs will remain elevated in the short to medium term, which will hobble the country’s ability to use fiscal policy to …
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ABUJA (Reuters) – Nigerian President Muhammadu Buhari on Sunday said he backed the central bank’s decision to try to mop up excess liquidity by recalling high-value bank notes and replacing …
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LAGOS (Reuters) – The United States and Britain on Sunday warned of a possible terrorist attack in Nigeria’s federal capital Abuja, especially aimed at government buildings, places of worship and …
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By Camillus Eboh ABUJA (Reuters) – The cost of Nigeria’s fuel subsidies rose to 525.714 billion naira ($1.22 billion) in August, bringing the total spent this year to 2.568 trillion …
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ABUJA (Reuters) – Lecturers from Nigerian public universities who have been striking since February appealed a court ruling ordering them to suspend their action, which has kept students away from …
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By Hamza Ibrahim MAIDUGURI/KANO, Nigeria (Reuters) – Nigeria’s military is urging people in three northwestern states to leave forested areas ahead of a bombing campaign targeting bandits and terrorists, according …
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By Camillus Eboh ABUJA (Reuters) – A record 1.8 tons of cocaine was seized from a warehouse in Lagos with a street value of $278.5 million, Nigeria’s National Drug Law …
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By Chijioke Ohuocha ABUJA – Nigeria’s annual inflation quickened in July to its highest level since 2005, official data showed on Monday, driven by price rises for food, fuel and …
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ABUJA -Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil’s Nigerian unit by Seplat Energy, in a $1.28 billion deal announced in February. Buhari, who doubles …