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Local Stock Market Investors Gain N5.3trn In H1’2023
The Nigerian Exchange Limited closed the first half of 2023 in the positive territory as investors raked in N5.23 trillion.
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Civil Society Coalition Threatens Nationwide Protests Over Potential Fuel Price Hike
A collective of Nigerian civil society groups has threatened to rally citizens for nationwide protests if the Independent Petroleum Marketers Association (IPMAN) proceeds with its plans…
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Amazon in the FTC’s Crosshairs: Potential Antitrust Case Looms
In a groundbreaking development, Amazon, the global e-commerce titan, might soon face its sternest antitrust case, led by the Federal Trade Commission (FTC). The impending lawsuit, as…
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Petrol Subsidy Removal Yields N400bn Savings for Nigerian Government, Oil Marketers Reveal
In a new development, oil marketers have stated that the Nigerian Federal Government has made significant savings to the tune of N400 billion since the removal of the petrol subsidy on…
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Fuel Price Surge: Repair of Old Refineries is the Solution, Says Heavy Duty Truck Drivers…
In a recent public address, Uche Nebuwa, National President of the Heavy Duty Truck Drivers Association, asserted that there would be no solution to the rising cost of fuel, instigated…
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Nigerian Oil Marketers Warn of Potential Petrol Price Surge Above ₦700 per Litre
Oil marketers in Nigeria have issued a warning, indicating that the pump price of petrol could exceed ₦700 per litre in the near future. Mike Osatuyi, the National Controller of…
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Nvidia Downplays Impact of Export Restrictions on AI Chips to China
According to a report from The Wall Street Journal, the United States is contemplating imposing new restrictions on the export of AI chips to China, which could affect Nvidia, the…
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World Bank Urges Nigerian Government to Allocate Fuel Subsidy Savings to Alleviate Suffering
The World Bank has called on the Federal Government of Nigeria to reallocate a portion of the savings from fuel subsidy removal to reduce the suffering experienced by Nigerians due to…
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Republic of Korea to Invest in Nigeria, Focusing on Key Sectors
The Republic of Korea has expressed its intention to invest in Nigeria, with a specific focus on sectors such as agriculture, energy, natural resources, cyberspace, biotechnology, and…
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World Bank Predicts N2 Trillion Savings for Nigeria as Petrol Subsidy Removal Takes Effect
In its June 2023 Nigeria Development Update released on Tuesday in Abuja, the World Bank has projected that the Federal Government of Nigeria will save N2 trillion in the remaining six…
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Ikeja Electric Denies Reports of Impending Electricity Tariff Hike
In response to circulating reports, the Ikeja Electricity Distribution Company (IKEDC) has vehemently denied any intentions of increasing electricity tariffs for its customers effective…
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Coca Cola Modifies Bottle To Fight Waste Pollution
The management of Coca-Cola bottling company in Nigeria has announced the modification of its products’ bottles.
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Again, NNPC Remits Nothing To Federation Account
The Nigerian National Petroleum Company Limited has again failed to remit into the federal government account.
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NGX Sustains Positive Momentum As Market Gains N21bn
The Local Stock market on Thursday sustained its positive momentum as investors raked in N21 billion by the close of trading activities.
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Naira Falls To N763 At I&E, N776 At Black Market
The rate of the naira depreciated to N763.17 against the dollar at the Investors and Exporters window of the foreign exchange market on Wednesday.
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Local Stock Market Records N116bn Gain
The Nigerian Exchange Limited continued its bullish trend on Wednesday as investors in the market gained N116 billion.
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Naira Grows By1.8% At Official Market
The value of the naira strengthened by 1.8% against the dollar on Tuesday at the Investors and Exporters window of the forex market.
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FX Rates Converge Across Markets As Naira Trades For N770/$
The President Bola Ahmed Tinubu administration's plan to unify exchange rates across the forex markets yielded positive results on Monday.
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Local Stock Market Records Close To N4trn Gain Since Tinubu’s Inauguration
The local stock market enjoyed over a decade-long gain since the inauguration of President Bola Ahmed Tinubu swearing-in.
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CBN Lifts Cash Deposit Restriction On Domiciliary Accounts
The Central Bank of Nigeria has lifted the cash deposit restriction of domiciliary accounts, OduNews reports.
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