Economy & Market
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249Tinubu Suspends 0.5% Cybersecurity Levy
President Bola Tinubu has suspended the 0.5 percent cybersecurity levy after criticism trailed the announcement. Mohammed Idris, minister of information and national...
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224All-Share Index Extends Losses by 0.24%
EQUITIES The local bourse sustained yesterday’s negative sentiments as profit taking activities in DANGSUGAR (-10.0%) caused the benchmark index to fall by 0.2%...
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237CBN Determined to Tame Soaring Inflation –Cardoso
The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has indicated that the apex bank could raise interest rates in its bid to...
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360Only 25% of Bank Deposits Insured –NDIC Boss
The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation, Bello Hassan, has revealed that only 25 per cent of the...
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390Bearish Start to the Week as Index down 0.5%
EQUITIES The domestic equities market commenced the week’s trading on a bearish note as sell pressures on SEPLAT (-10.0%) and UBA (-10.0%)...
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329Bullish Sentiment Prevails at the Treasury Bills Market
The Treasury Bills market exhibited a bullish sentiment last week, primarily fueled by strong demand, as indicated by substantial subscription volumes at...
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New Tax Policy to Exempt 95% of Informal Sector –Oyedele
The federal government’s proposed new tax reforms aimed to legally exempt 95% of businesses and individuals operating in the informal sector from...
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387NGX All-Share Closes Week Negative
The Lagos bourse closed the week down by 136bps w/w. Over the course of the week, selloffs in AIRTELAFRI (-10.32% w/w), ZENITHBANK...
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270Economic and Market Report: Week Ended 10-05-2024
Global Economy In line with market expectations, the Monetary Policy Committee (MPC) of the Bank of England (BoE) voted by a majority...
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387Central Bank Mandates Banks to Comply with FX Reforms
In a move to enforce total compliance with the rules of engagement, the Central Bank of Nigeria (CBN) on Thursday, issued a directive...
