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N20b Green Bond For 1.1m Beneficiaries

-Agency reports Nigeria plans to float Africa’s first sovereign green bond in March to raise N20 billion for environment-friendly infrastructure. To benefit are 44 universities and more than 1.1 million people in various communities. The proceeds of green bond must be applied to environment and climate-friendly projects. Acting President Yemi Osinbajo, who spoke at

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Breaking: Central Bank Of Nigeria Announces New Foreign Exchange Policy

-Anietie Udobit, Abuja The Central Bank of Nigeria, CBN, has released a new foreign exchange policy in the country with immediate effect. The new policy is sequel to last Thursday’s directive by the National Economic Council, NEC, for immediate review to stem the widening gap between the inter-bank foreign exchange and parallel

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Nigerian economy in recession, NBS says

-Anietie Udobit Nigeria has slipped into recession, with the latest growth figures showing the economy contracted by 2.06% between April and June. The country has now seen two consecutive quarters of declining growth, the usual definition of recession. Its vital oil industry has been hit by weaker global prices, according to the Nigerian

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