Exxon Mobil Corporation (NYSE:XOM) today announced a significant discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria.
Nigeria has been affirmed by the International Monetary Fund (IMF) as the biggest economy in Africa — ahead of South Africa and Egypt.
Nigeria plans to lower taxes for small and medium-sized companies to create more jobs, the finance ministry said on Thursday.
Nigeria’s central bank left its main lending rate unchanged as it weighed supporting the currency and fighting inflation while propping up an ailing economy.
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