Business News
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172Nigeria’s Terms of Trade falls 0.12%
All commodity terms of trade (ToT) declined by 0.12 percentage points in the first quarter of 2024 (Q1’24), just as the value...
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261Senate writes AGF, meets Cardoso over ₦30tr Loan Probe
The Senate through its Ad – hoc Committee investigating how N30 trillion Ways and Means facility was obtained and spent by the...
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163Equities Slip as Traders Await Inflation Cues
Stocks fell as traders geared up for a week of political risks and inflation data which may help guide bets on the...
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159Oil Eases as Strong Dollar Weighs on Commodities Markets
Oil prices inched down on Monday as concerns of higher-for-longer interest rates resurfaced and lifted the dollar, offsetting support for oil markets...
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169FG’s Interest Servicing on Debt to Gulp 36% of Revenue in 2024 –Moody’s
Moody’s, a Global rating agency, has stated that Nigeria’s interest spending on debt might consume up to 36% of the federal government’s...
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171NNPC Shifts $700m Gas Pipeline Delivery Date to August
The completion date for the $700m Obiafu-Obrikom-Oben gas pipeline project, popularly called OB3, has been shifted from March 2024 to August, as...
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226Nigeria’s Public Debt Hits ₦121.7tr
Nigeria’s Total Public Debt stood at N121.67 trillion ($91.46 billion) at the end of March this year. The Debt Management Office (DMO)...
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90Oil Prices Set for Second Week of Gains on Signs Demand Improving
Crude oil futures were little changed on Friday but were set to rise for a second week amid signs of improving demand...
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71European Stock Futures Steady, Yen Watched Closely
European and US stock futures were steady Friday, while shares in Asia dropped. The yen was in focus following a six-day slump,...
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150Slump in Export Crashes Nigeria-UK Trade by 25% in Q1
Nigeria’s trade with the United Kingdom plummeted by 25 per cent in the first quarter of 2024, despite higher values realised from...
