Nigerian central bank tells government to act on oil

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The Central Bank of Nigeria's Monetary Policy Committee has urged the government to avoid complacency over tax revenues and to "fast track" efforts to support the oil industry, which represents a weak link in an otherwise largely robust economy.

At a monetary policy meeting on January 21 the committee voted to hold rates at 12%, citing a "relatively robust" economy, which grew at around 6.6% in 2012, and stable headline inflation of 12.2% in 2012. The committee considered lowering rates, but whi

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