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China To Inject Additional $70b Into The Nigerian Economy

The Minister of State for Petroleum, Dr Ibe Kachikwu, on Wednesday said Chinese private sector companies had pledged an additional investment of 70 billion dollars to the Nigerian economy. Kachikwu said this while addressing State House correspondents on the outcome of the Federal Executive Council (FEC), presided over by President …

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The Chinese Yuan Joins IMF’s Elite Reserve Currency Club

Chinese national currency, Yuan, is now the fifth member of the prestigious SDR basket on Saturday. Analysts are in agreement on the need for reforms to make it a globally and freely traded currency. China’s currency joins an elite group of reserve currencies created by the International Monetary Fund. Yuan in …

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British Pound dipped below $1.27 for the first time in 31 years

Amid fears of a “hard” Brexit. Britain’s pound dipped below $1.27 for the first time since June 1985 on Wednesday, with fears of a ‘hard’ Brexit also pushing the currency to a five-year trough against a broadly stronger euro. Sterling has been buffeted for a fortnight by worries that Britain …

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Google unveils its Pixel Smartphone and VR headset

Looking to drum up consumer excitement, the tech company hosted an event in San Francisco on Tuesday to unveil a series of products, including two new phones, a virtual reality headset and the Chromecast Ultra.  The flagship announcement was the introduction of Pixel, the first Google phone to carry exclusively …

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Ministry of Agriculture Launches App For Flood Prediction

The Federal Ministry of Agriculture and Rural Development has launched a smart phone application – “Wetin App” for flood forecasting especially along the Niger and Benue rivers. The application, which will be available on Google App Store is a collaborative project of the Federal Ministry of Agriculture and Rural Development …

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Nigerians to own houses with N1.5m

The Nigeria Mortgage Refinance Company (NMRC), has expressed its readiness to refinance affordable houses for Nigerians at the rate of N1.5 million. NMRC is co-host of the African Union for Housing Finance (AUHF) 2016 conference. Prof. Charles Inyangete, NMRC Managing Director, made this known to newsmen in Abuja on Monday at …

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Niger State Government Subsidises the Price of Grains by 50% To Ease Hardship

Niger Government has flagged off sales of N183 million worth of grains at 50 per cent subsidy, to reduce people’s hardship in the current economic recession. The News Agency of Nigeria (NAN) reports that selling at the subsidised rate will be cheaper than the current market price of grains in …

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