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Elon Musk’s Starlink Begins Operations In Nigeria
Starlink, a satellite internet service owned by Elon Musk has begun operations in Nigeria, OduNews reports.
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Bellwether Stocks Lift Customs Street By N13.6bn
Bellwether stocks on the floor of NGX Limited lifted the market capitalisation by N13.6 billion last week, OduNews reports.
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Old Notes: CBN Extends Deadline To Feb 10 After Atiku’s ‘Slight Extension’ Plea
The Central Bank of Nigeria says it has extended the deadline for the phasing out of the old naira notes by ten days, OduNews reports.
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NGX closes negatively due to sell-offs in large and small capitalized stocks
The Nigerian Exchange closed on a negative note, with large and small capitalized stocks experiencing both buy and sell activity. The market capitalization dropped by N52 billion,…
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Banks To Open Saturday, Sunday Over Old Naira Note Deadline
Some commercial banks have announced that their branches will be opened on Saturday and Sunday to allow customers deposit their old notes ahead of the January 31st deadline.
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NGX To Expand Listings, Digital Trade In 2023
NGX says it will focus more on attracting listings, enhancing liquidity through marginal lending and developing new products on digital assets in 2023.
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New Naira Notes: Gbajabiamila Threatens To Order The Arrest Of Emefiele And Other Bank Executives
January 26 – Femi Gbajabiamila, the Speaker of the House of Representatives, has threatened to issue arrest warrants for Godwin Emefiele, the Governor of the Central Bank of Nigeria…
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CBN Announces Ban On Dollar Charges On Domestic Transactions
The Central Bank of Nigeria has banned the payment of charges in dollars for transactions made within Nigeria.
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Enough New Naira Notes In Circulation, CBN Insists
The CBN has dismissed claims of the scarcity of the new naira notes as it claimed that enough notes are in circulation.
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DMO Auctions N360bn Worth Of FGN Bonds
The Debt Management Office has auctioned four federal government of Nigeria bonds worth N360 billion, OduNews reports.
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CBN’s Interest Rate Hike Pushes Naira Down Across FX Markets
CBN's decision to increase the interest rate to 17.5% pushed down the value of Naira at the different foreign exchange markets.
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How Naira Redesign Has Reduced Kidnapping, Ransom-Taking – CBN
CBN Governor, Godwin Emefiele, says cases of kidnapping and ransom-taking have reduced since the naira notes were redesigned.
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Old Notes: January 31st Deadline Will Not Be Extended, Emefiele Insists
CBN says the January 31st deadline is slated to stop receiving old naira notes as legal tender will not be extended.
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CBN Raises MPR To 17.5%
The Central Bank of Nigeria has raised the monetary policy rate from 16.5% to 17.5% to combat rising inflation.
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Stock Market Closes In Positive Territory As Investors Rake In N34bn
Investors on the floor of the Nigerian Exchange (NGX) Limited raked in N34 billion by end of trading activites on Monday.
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Nigeria-China Trade Volume Jumps To $26bn In 2022
The trade volume between Nigeria and China increased to $26 billion in 2022, OduNews reports.
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Bulls Remain In Local Stock Market As Investors Gain N5.94bn
The Nigerian Exchange (NGX) Limited closed in the positive territory on Thursday as investors raked in Nw5.94 billion, OduNews reports.
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Dangote Cement Board Appoints New GMD
January 19 – The Board of Directors of Dangote Cement Plc has approved the appointment of Mr Arvind Pathak as the Group Managing Director of Dangote Cement Plc, with effect from March…
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Governors of 36 States to Meet with CBN Governor to Discuss Withdrawal Policy and Naira Redesign
The governors of the 36 states in Nigeria have arranged a virtual meeting with the Central Bank of Nigeria's Governor, Godwin Emefiele, to discuss the recent withdrawal policy and…
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World Economic Forum Lists Five Risks Affecting Nigeria’s Growth
The World Economic Forum has listed terror attacks and debt crises as two of the five risks hampering Nigeria's growth and development.
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