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Nigeria’s inflation rate rises to 15.63%

After eight months of decline, Nigeria’s headline inflation rate rose to 15.36 per cent in December 2021, from 15.50 per cent recorded in November. The Statistician-General of the Federation, Simon Harry, disclosed this on Monday during a press briefing at ...

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Titan Trust Bank takes over Union Bank

Titan Trust Bank has announced a takeover of one of Nigeria’s oldest banks, Union Bank. Titan Trust Bank Limited, one of Nigeria’s newest commercial banks, which commenced operations in October 2019, is buying 89.39 per cent of the issued capital ...

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India sets up gold refinery in Ghana

The Indian government has set up a gold refinery in Ghana, owning 80 per cent of gold refined in the first five years. Local media reports that Ghana deputy minister of Land and Natural Resources, George Mireku Duker, made this ...

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Facebook changes name to Meta

Facebook has changed its name to Meta in a major rebrand as the social media giant faces an scrutiny over its business practices. The company said the new name would better “encompass” what it does now, a reference to its ...

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