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Local Stock Market Sheds N19bn
The Nigerian Exchange (NGX) Limited closed in the red territory on Tuesday with investors shedding N19 billion by the close of trading activities.
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IMF Says Nigeria’s Inflation Index Outdated
The International Monetary Fund says the weights used to calculate Nigeria's monthly consumer price index are outdated, OduNews reports.
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NGX Remains In Positive Territory As Investors Gain N229bn
The Nigerian Exchange (NGX) Limited remained in the positive territory on Monday as investors raked in N229 billion.
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Inflation Rates Across Nigerian States in January 2023; Bauchi, Ondo Top
According to recent data obtained by the National Bureau of Statistics (NBS), Bauchi State has the highest inflation rate in Nigeria, standing at 24.79 percent. The study, which…
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Air Peace Informs Passengers of Flight Disruptions Due to Bad Weather
Air Peace has issued a statement warning passengers of potential flight disruptions due to bad weather causing low visibility in some of their destinations. The airline has reported…
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Bank Workers in Nigeria to Commence Strike over Attacks by Customers
On February 18, 2023, reports emerged that bank workers in Nigeria would commence a strike starting from Monday. The reason for the industrial action is the continued attacks on…
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BREAKING: Banks Must Not Receive Old N500, N1,000 Notes – CBN Declares
The Central Bank of Nigeria has debunked reports that commercial banks have been authorised to receive the old N500 and N1,000 notes.
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CBN Asks Banks To Collect Old N500, N1,000 Notes Below N500,000
The Central Bank of Nigeria has directed commercial banks across the country to start receiving the N500 and N1,000 notes respectively.
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Naira Falls To N760 Per Dollar At Black Market Despite Scarcity
As Nigerians continue to face the brunts of the rushed-up naira redesign policy, the naira fell to N760 against the dollar at the black market on Friday.
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NGX Continues Winning Streak As Investors Gain N7bn
The Nigeria Exchange (NGX) Limited maintained its positive streak on Thursday as investors raked in N7 billion, OduNews reports.
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Old N200 Notes Will Be Circulated Immediately – Emefiele Says
Godwin Emefiele says he has met with heads of commercial banks in the country over President Muhammadu Buhari's pronouncement on the circulation of the old N200 notes.
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Equities Market Maintains Upward Movement With 0..02% Gain
The Nigerian stock market retained its upward movement on Wednesday with a 0.02% gain, OduNews reports.
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JUST IN: Nigeria’s Inflation Rate Jumps To 21.82% Despite Naira Redesign Policy
Nigeria's inflation rate has increased from 21.34% in December 2022 to 21.82% in January 2023, OduNews reports.
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Microsoft initiates layoffs affecting cloud sales and LinkedIn recruitment departments
According to a report by The Information, Microsoft has cut about 150 cloud sales specialists from a team tasked with encouraging medium-sized businesses to use cloud services like…
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UK food costs continue to fuel inflation
According to official figures, food costs are continuing to fuel inflation in the UK as prices for olive oil, sugar, and low-fat milk have surged by more than 40% in the year to…
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Digital Surge crypto exchange to resume trading after signing recovery plan
Australian cryptocurrency exchange Digital Surge has signed a successful restructuring plan after being hit hard by the collapse of FTX, according to documents seen by CoinDesk. The…
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Korean Financial Authorities Investigate Crypto Staking Services Market Following SEC’s Kraken…
On February 15, a local publication reported that Korean financial authorities are currently investigating the staking services market. This comes after an unnamed official stated…
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Politicians Hoarding New Notes For Election – Emefiele
The governor of the central bank of Nigeria, Godwin Emefiele, says some politicians are hoarding the new notes for political purposes.
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Bulls Dominate Stock Market As Investors Gain N72bn
Stock investors at the Nigerian Exchange (NGX) Limited raked in N72 billion on Tuesday as the market went up by 0.24%, OduNews reports.
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Nigeria’s Oil Production Hits 1.258 Million Barrels Per Day
Nigeria's oil production rose by 1.9% to 1,258 million barrels per day in January 2023 from 1.235 mb/d in December 2022, OduNews reports.
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