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ECONOMY

CBN Raises Interest Rate to 24.75%

The Central Bank of Nigeria (CBN), has announced the immediate increase of interest rate from 22.75% to 24.75%. The new raise amounts to 200 basis points. The new increase is an outcome of the Monetary Policy Committee…
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Fire Guts Sokoto Central Market

The Sokoto Central market was on Monday morning gutted by fire which destroyed a section of the expansive market. An eyewitness who spoke to journalists said that the fire started from a dumpsite very close to the market. Reacting to the…