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NASD Index Drops By 0.67% As Rise In Stock Prices Persist
Transactions closed bearish by 0.67 per cent in the 29th week of trading in 2022 amid rise in the prices of stocks at the NASD Over-the-Counter (OTC) Securities Exchange.
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“Illegal For Political Campaign Purposes” – CBN Clears Air On Currency Conversion…
The Central Bank of Nigeria has given a clarification on the illegality of converting Naira to other currencies.
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Interest Rate Increase Takes Toll On Equity Market As NGX Remains In Red Zone
The Increase in the baseline interest rate and rising inflation have taken their toll on the equity market as the Nigeria Stock Exchange remained in the red zone on Thursday.
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Debt Servicing Exceeds Buhari’s Government Revenue By N310bn In Q1’22
The cost of servicing debt within the first four months of 2022 has exceeded Buhari's government revenue by N310 billion, OduNews reports.
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Stanbic IBTC Emerges As Best Sub-Custodian Bank In Nigeria
Stanbic IBTC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged as the best sub-custodian bank in Nigeria at the 2022 edition of the Global Finance Awards.
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Value Of Naira Nears ₦650 Per Dollar At Parallel Market
The value of the naira fell further in the parallel market on Thursday with the currency being sold for N646 per dollar.
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Dana Air, Aero Contractors Stop Operations
The Nigerian Civil Aviation Authority has suspended the operations of Dana Airlines, OduNews reports.
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Stock Market Falls By 0.23% As Investors Offload Equities
The Nigerian Stock market recorded a fall of 0.23% as investors rebalanced their portfolios by offloading equities in the consumer goods, banking and energy sectors.
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Bakers Stop Bread Production Over High Cost Of Flour, Others
Premium Breadmakers Association of Nigeria says its members will stop the production of bread today to protest against the high cost of baking materials.
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NNPC Limited To Launch IPO Mid 2023
The Nigerian National Petroleum Company Limited will launch an Initial Public Offering (IPO) in the middle of 2023, OduNews reports.
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Stock Investors Record N6bn Loss Over MPR Hike
The increment of the Monetary Policy Rate to 14% took its toll on the stock market on Tuesday as investors recorded a N6 billion loss.
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CBN To Clamp Down On Bank Customers Withdrawing Naira To Buy Dollar
The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the bank accounts of customers who withdraw naira to buy dollars will be flagged. He warned politicians and…
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NNPC Limited To Sell Fuel At Price Dictated By FG -Mele Kyari
The Chief Executive Officer of the newly floated Nigerian National Petroleum Company Limited, Mele Kyari, says the company will carry out its business at the price dictated by the…
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LIS Collectibles Unveils ‘Stellar Collections’
LIS Collectibles is excited to announce the launch of their 'Stellar Collections' on July 19, 2022. The collections are ready-to-wear and made to measurements, meaning every lady can…
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JUST IN: CBN Raises Interest Rate To 14%
The Central Bank of Nigeria has raised the Monetary Policy Rate from 13 percent to 14 per cent.
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Stanbic IBTC Advises Customers On Safe Online Financial Transactions
Stanbic IBTC has rolled out some tips to customers to help them carry out safe online financial transactions.
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AfDB, SEC Sign $460,000 Capital Market Surveillance Deal
Nigeria's Securities and Exchange Commission (SEC) and the African Development Bank Group (AfDB) have signed an agreement for a grant worth $460,000 on a market surveillance system…
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At 20%, Nigeria’s Inflation Rate Surpasses World Bank’s Projection
Nigeria's inflation rate has hit 20%, a figure higher than the projected 15.5% by the World Bank.
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Naira Exchanges For ₦612 Per Dollar At Parallel Market
The Naira on Monday was sold at N612 per dollar at the exchange platform, Aboki Forex.
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UBA Begins Operations In UAE, Launches Branch In Dubai
The United Bank for Africa (UBA) Group has extended its operations to the United Arab Emirates with the official launch of its new branch at the Dubai International Financial Centre…
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