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Ukraine Restarts Electricity Exports After Six-Month Hiatus Due to Russian Attacks
Ukraine resumes electricity exports for the first time in six months, following the recovery of its energy infrastructure after repeated Russian attacks, bringing hope for a more stable…
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NGX Maintains Bearish Stint As Investors Lose N14bn
The Nigerian Exchange (NGX) Limited remained in the red zone on Thursday as investors recorded a N14 billion loss.
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Bears Tighten Grip On NGX As Investors Shed N82bn
The local stock market retained its negative streak on Tuesday with Investors shedding N82 billion by the end of trading activities.
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Stock Market Begins April In Red Territory
The first trading activity in April on the floor of the Nigerian Exchange (NGX) Limited closed in bears as investors recorded a 0.09% loss.
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Dogecoin Price Jumps Over 20% After Mascot Appears on Twitter
Dogecoin's price surged over 20% after the token's mascot appeared on Twitter, replacing the social media platform's typical blue bird logo. This is the latest development in a…
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NGX Suspends Trading On Sterling Bank Shares
The Nigerian Exchange (NGX) Limited has suspended trading activities on the shares of Sterling bank, OduNews reports.
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Nigeria’s External Reserves Fall By $1.4bn
The Central Bank of Nigeria says the country's external reserves fell by $1.4 billion between January and March 2023.
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Stock Market Sustains Positive Momentum With N441bn Gain
The local stock market closed on a positive note on Thursday with the market value increasing by N441 billion, OduNews reports.
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Roku to Lay Off 200 Employees in Second Round of Job Cuts to Reduce Expenses
Streaming device maker Roku is laying off around 200 employees, or 6% of its workforce, as part of a plan to reduce operating expenses and prioritize high return-on-investment projects.…
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Nigeria’s Public Debt Hits N46.25trn
The Debt Management Office has said that Nigeria's public debt increased to N46.25 trillion as of the end of December 2021.
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Bulls Return To Stock Market As Investors Rake In N261bn
The Nigerian Exchange (NGX) Limited halted the two-day bearish stint on Wednesday as investors recorded a N261 billion gain.
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Bears Remain In NGX As Investors Lose N341bn
The Nigerian Exchange (NGX) Limited closed in the red line on Tuesday as investors recorded a loss of N341 billion, OduNews reports.
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Cash Crunch: Banks Increase Withdrawal Limits
Commercial banks have raised the daily withdrawal limit from N20,000-N50,000 range to over N80,000-N100,000.
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Customs Street Records N622bn Loss
Trading activities on the floor of the local stock market closed in the red zone as investors recorded a N622 billion loss, OduNews reports.
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Nigeria’s Oil Production Rises To 1.8m Bpd
Nigeria's oil production has increased to 1.8 million barrels per day, the Minister of Defence, Major General Bashir Magashi.
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Nigeria’s Bonny Light Oil Price Drops Amid Global Economic Slowdown
Nigeria's premium oil grade, Bonny Light, experiences a price drop to $73.87 per barrel, raising concerns over the 2023 budget and the nation's oil production amid a global economic…
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Banks Limit Cash Withdrawals Amid CBN Directive
Banks in the Federal Capital Territory limit cash withdrawals for customers as the Central Bank of Nigeria instructs the return of old denominations and raises ATM and over-the-counter…
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Banks To Open Saturdays, Sunday As CBN Says Enough Money Now Distributed
The Central Bank of Nigeria says it has distributed substantial money to commercial banks to ameliorate the suffering occasioned by the failed Naira policy.
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Nigeria-Indonesia Bilateral Trade Rises To $4.7bn In 2022
The bilateral trade volume between Nigeria and Indonesia has risen to over $4 billion, OduNews reports.
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Local Stock Market Capitalisation Falls By N6bn
The market capitalisation of the NGX Limited decreased by N6 billion on Thursday on the back of profit-taking by investors, OduNews reports.
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