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Reps Probe NIPC N1.19bn Unapproved Spending
The House of Representatives has begun a probe into the N1.19 billion spent by the Nigeria Investment Promotion Commission (NIPC) without approval.
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Global Oil Prices Fall To $96.48/Barrel As OPEC+ Mulls Output Cut
The global oil benchmark, brent crude oil, fell to $96.48 per barrel after declining by 24 cents or 0.25 per cent.
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Local Stock Market Records 0.05% Loss
The Nigeria Stock Exchange (NGX) Limited recorded a 0.05% loss at the close of trading yesterday as investors continue to sell off their shares.
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Banks’ Loan To Power Sector Exceed N800bn
Loans disbursed by banks to players in the Nigerian power sector stood at N836.08 billion at the end of June 2022, OduNews reports.
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Unlisted Stock Exchange Records 1.07% Loss In Week 33
The NASD Over-the-Counter Securities Exchange recorded a 1.07% loss in the 33rd week of trading in 2022.
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FirstBank Marks Annual Corporate Responsibility & Sustainability Week
First Bank of Nigeria has announced the 5th edition of its Corporate Responsibility & Sustainability (CR&S) week, scheduled for 22- 27 August 2022.
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NGX Fines 13 Companies N78.67m For Flouting Exchange Rules
The Nigerian Stock Exchange (NGX) Limited has fined 13 companies for failing to file their financial statements after the regulatory due date.
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FMDQ Admits 102 Securities Worth N3.36trn In 2022
The FMDQ Securities Exchange Limited says it has admitted 102 securities worth N3.36 trillion on its platform in 2022.
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Nigeria’s Forex Inflow Fall By 17.3% To $6.58b
Nigeria's average foreign exchange inflow went down by 17.3% to $6.58 billion in April 2022, OduNews reports.
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FBN Holdings, E-Tranzact, UBA Push NGX Turnover To N5.6b
Nigeria's capital market recorded a N5.6 billion profit at the end of trading last week on the back of active positive trading of the financial service industry.
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FG Asks Google, Apple To Remove Four Loan Sharks From Stores
Federal Competition and Consumer Protection Commission (FCCPC) has requested Apple and Google to remove four loan sharks from their stores.
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Fuel Subsidy Gulps N6.210trn In 8 Years
Nigeria's Minister of Finance and National Planning, Zainab Ahmed, has said that the government paid N6.210 trillion to oil marketers as subsidy in eight years.
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FG To Stop Fuel Subsidy 2023
The Federal Government says subsidies on fuel will be stopped by June 2023.
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Lagos Airport Scanty As Return Tickets To Abuja, Kano Near N300,000
The hike in the price of aviation fuel, Jet A1, has forced airlines to astronomically increase the prices of return tickets leading to passengers shunning air travel.
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Keystone Bank Awards 3 SMEs With N9m Grant
Keystone Bank Limited has awarded three startups with a N9 million grant in a bid to encourage entrepreneurs in the country and tackle the widespread unemployment.
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Controversy Around Emirates’ Blocked Funds Drags Local Stock Market Down By 0.29%
The domestic stock market further depreciated by 0.29 per cent on the back of profit-taking in almost all the key sectors of the bourse.
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N4bn Transactions Carried Out On E-Naira – CBN
The Central Bank of Nigeria says about N4 billion worth of transactions has been carried out using the digital currency, E-naira, since its launch in 2021.
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Naira Exchanges N680 To Dollar At Black Market
Bureau De Change operators in parts of Lagos pegged the Nigerian currency at N680 per dollar on Thursday, OduNews reports.
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Ghana Pegs Interest Rate At 22% — Highest In 20 Years
Ghana's Central Bank has increased its interest rate by 300 basis points to 22 per cent, the country's highest since 2002.
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FBN Holdings Appoints Samson Ariyibi, Patrick Iyamabo As Executive Directors
FBN Holdings Plc has appointed Samson Oyewale Oyewale Ariyibi and Patrick Iyamabo as executive directors.
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