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NGX Market Cap Grows By N19bn
The local stock market capitalisation went up by N19 billion at the end of trading activities on Wednesday, OduNews reports.
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Job Search Platform Indeed Announces Layoffs Affecting 15% of Its Workforce
Job search website Indeed has announced a 15% reduction in its workforce, citing a cooling job market and a decrease in sponsored job volumes. The layoffs will impact 2,200 employees,…
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Customs Street Gains N9bn
The Nigerian Exchange (NGX) limited closed on a positive note on Tuesday with the market capitalisation increasing by 0.03%, OduNews reports.
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CBN Pegs Interest Rate At 18%
The Central Bank of Nigeria has increased the benchmark interest rate by 50 points to 18%, OduNews reports.
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Local Stock Market Investors Lose N16bn
The Nigerian Stock Market (NGX) recorded a N16 billion loss at the end of trading activities on Monday, OduNews reports.
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Reebelo Raises $29M, Expands Eco-Friendly Electronics Marketplace
Reebelo raises $29 million in Series A extension funding to expand its eco-friendly consumer electronics marketplace, establish US presence, and explore new categories within the…
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Detailed Problems Faced By Agro-Commodities Exporting Companies In 2023
The agro-commodity market has been a significant contributor to the global economy, particularly in developing countries like Nigeria. However, the industry…
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Credit Suisse Secures £45bn Lifeline, European Markets Rebound
Credit Suisse obtains a £45bn financial support package from the Swiss central bank, alleviating concerns of a broader banking crisis and leading to a rebound in European stock markets.…
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Stock Market Plunges Over High Inflation Rate
The Nigerian Exchange (NGX) Limited recorded a 0.42% loss on the back of high inflation data released by the Nigerian Bureau of Statistics.
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Nigeria’s Inflation Rate Jumps To 21.9% Amid Failed Naira Policy
Nigeria's inflation rate increased to 21.9% in February 2023 from the 21.82% recorded in January, OduNews reports.
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Why CBN Naira Redesign Policy Failed – Moghalu
A former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, has given reasons for the failure of the naira redesign policy.
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Nigeria Unveils $600 Million Initiative to Support Young Entrepreneurs in Tech and Creative Sectors
Discover how Nigeria's Vice President Yemi Osinbajo introduced a $600 million program to support young Nigerian entrepreneurs in technology and creative sectors, aiming to boost…
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Nigerian Banks Extend Form A Processing Time Amid Forex Shortages
Discover the latest developments in Nigerian commercial banks' handling of international school fees and upkeep requests, including extended processing times and new limits due to forex…
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Online Transactions Reduce By 4.8% Despite CBN’s Naira Policy
Online transactions dipped by 4.8% in February 2023 despite the cashless policy moves by the Central Bank of Nigeria, OduNews reports.
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Local Stock Market Sheds N4bn
The Nigerian Exchange (NGX) Limited witnessed a N4 billion drop on the first day of trading this week, OduNews reports.
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New Naira: CBN Reacts To Emefiele’s Alleged Plot Against Tinubu
The Central Bank of Nigeria has reacted to a report accusing its governor, Godwin Emefiele, of plotting against the president-elect, Asiwaju Bola Ahmed Tinubu.
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Silicon Valley Bank Collapse Raises Concerns, but No Bailout from US Treasury Secretary
US Treasury Secretary, Janet Yellen, announced that there would be no bailout for Silicon Valley Bank (SVB), which collapsed this week, raising fears of a crisis. However, the Biden…
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BREAKING: Silicon Valley Bank Closed by Regulators
Silicon Valley Bank, which announced that it was looking to raise more than $2 billion in additional capital after suffering a $1.8 billion loss on asset sales, has been closed by…
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Wells Fargo Customers Report Missing Money in Online Banking Accounts
Wells Fargo customers have reported missing money from their online banking accounts, which the bank attributed to a technical issue. This article explores the incident and highlights…
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JUST IN: Seplat’s CEO Resigns After Court’s Order
The Chief Executive Officer of Seplat Energy Plc, Roger Brown, has resigned following an order by the Federal High Court in Lagos.
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