Alan Cameron News
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The Central Bank of Nigeria will probably keep its benchmark lending rate unchanged at a record high to bolster its foreign-currency reserves and support the naira after oil prices fell last month.
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The Central Bank of Nigeria will probably keep its benchmark lending rate at a record high after President Goodluck Jonathan approved a budget that boosts spending in Africa’s largest oil producer.
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The economy of Nigeria, Africa’s largest oil producer, will probably expand 6.8 percent this year, the National Bureau of Statistics said.
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Sasol Ltd. said it’s appointed Alan Cameron, the current managing director of Sasol Solvents, as the new head of its Sasol Oil unit, replacing Maurice Radebe, who’s been appointed to the company’s executive committee.
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Nigerian President Goodluck Jonathan risks sectarian clashes when he announces whether he will seek election: in the Muslim north if he does, and in his native oil- rich Niger River delta in the south if he doesn’t.
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Nigeria’s central bank may raise its benchmark interest rate tomorrow for the fourth time this year to bring borrowing costs above inflation and slow price-growth to below 10 percent, according to a survey of analysts.
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Nigeria’s ruling People’s Democratic Party will probably nominate President Goodluck Jonathan tomorrow as its candidate for April’s election, making him favorite to remain leader of Africa’s largest crude producer.
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Nigeria’s plan to boost government spending is adding to pressure on inflation, making it difficult for the central bank to begin cutting interest rates in Africa’s biggest oil producer, a survey of economists show.
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Nigeria’s inflation rate rose for the second consecutive month in November to 12.3 percent as the worst floods in decades cut farming output.
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Nigeria’s central bank will probably keep its benchmark interest rate unchanged today as it prepares to buy toxic debt from commercial banks to revive lending, a survey showed.
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