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Naira Falls To New Low, Trades At N1,040/$ In Parallel Market
In a disheartening turn of events, the Nigerian naira has hit an all-time low in the parallel market, casting a dark shadow over the nation's economy.
A comprehensive survey…
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Oil Prices Soar As Hamas Attack On Israel Heightens Supply Concerns
In a shocking turn of events, oil prices surged, and the dollar and yen strengthened on Monday following an unexpected attack by Hamas on Israel over the weekend.
This sudden…
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FG’s Petroleum Pricing Strategy Under Scrutiny as Subsidy Continues
ABUJA – Festus Osifo, the National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has asserted that the Federal Government continues to…
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Nigerian Naira Among Worst-Performing Currencies In Africa – World Bank
In a recent report published by the World Bank, Nigeria's national currency, the naira, has been labeled one of the worst-performing currencies in Africa.
The report, titled…
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Fuel Prices Set To Soar As Crude Oil Hits $95.70 Per Barrel
In a concerning development for consumers and the Nigerian economy, global crude oil prices surged to $95.70 per barrel on Monday, up from the weekend's $94 per barrel.
This uptick,…
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Naira Weakens Against Dollar as Forex Market Sees Volatility
In a rather gloomy commencement to the week, the Nigerian Naira experienced a decline against the US Dollar at the official foreign exchange market window. As of Monday's trading…
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FBN Holdings Plc Faces Shareholder Crisis: Minority Shareholders Demand Regulatory Intervention
In a concerning development, minority retail shareholders of FBN Holdings Plc have expressed their alarm regarding alleged tactics aimed at destabilizing Nigeria's longest-standing…
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Naira Trades N741 Per Dollar At Official Market
The value of the naira increased to N741 to a dollar at the Importers & Exporters window.
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Local Stock Market Investors Lose N80bn
Investors at the local stock market recorded an N80 billion loss in the first trading session of the week.
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BUA Foods Half-Year Profit Grows By N95.2bn
BUA Foods has announced that its profit grew by N95.2 billion in the first half of 2023.
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‘Tech Startups Need to Use Influencer Marketing’ – Says Wole Oduwole
Wole Oduwole, the ingenious CEO of SEOGidi, has recently expressed his conviction that influencer marketing is an indispensable tool for startups, especially in Africa's burgeoning tech…
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NGX Delists 1.31 Billion Ardova Shares
The Nigerian Exchange Limited said it has delisted the entire 1,310,629,267 issued share capital of Ardova Petroleum Plc from the daily official list.
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Brent Crude Price Jumps To $84 As OPEC+ Tightens Supply
The prices of Brent crude oil went up to $84 on Thursday on the back of an OPEC+ induced supply tightness.
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CBN Lifts Ban On Aboki FX, NairaBet, 437 Others
The Central Bank of Nigeria has lifted a post-no-debit restriction placed on the bank accounts of 440 individuals and companies.
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Local Stock Market Opens Week With N144bn Gain
The Nigerian Exchange (NGX) Limited opened this week's trading activities with a N144 billion gain.
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NGX Market Cap Declines By N6bn
The market capitalisation of the Nigerian Exchange Limited declined by 0.01% on Wednesday.
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NGX Opens Week With N203bn Gain
The Nigerian Exchange (NGX) closed on a positive note on Monday with investors raking in N203 billion.
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Nigeria’s Inflation Rate Hits 22.79% In June
The National Bureau of Statistics says Nigeria's inflation rate rose to 22.79% in June from 22.41% in the previous month.
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Local Stock Market Investors Lose N257bn In A Week
The local stock market recorded a N257 billion loss last week on the back of a 14.3% shortfall in the shares of some banks.
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Selling Pressure Downs Local Stock Market By 2.03%
NGX Limited on Thursday recorded a 2.03% loss on the back of sustained selling pressure during the trading session.
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