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Nigeria Imported $8 Billion Worth of Petroleum Products in 2011- Sanusi

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The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido, has said that the federal government spent $8 billion on the importation of petroleum products in 2011 alone through oil marketers.

Nigerian Central Banker Raises Alarm Over Euro Zone Crisis

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Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, yesterday raised the alarm of a possible spillover of the economic woes in the Euro Zone to sub-Saharan Africa.

U.S. Govt Finances the Takeover of Nigeria's 4th Largest Bank

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The Board of Directors of the Overseas Private Investment Corporation (OPIC), the United States government's development finance institution, has approved $250 million (N39.362 billion) in financing for two American firms helping to take a controlling stake in Union Bank of Nigeria Plc.
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