Economy & Market
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144States to Earn More as Senate Okays New Sharing Formula for VAT, Retains 7.5%
The Senate has ceded more revenue to states as it passed two of the four much-anticipated Tax Reform Bills which are expected...
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218Bullish Sprint at the Exchange as ASI Up 0.5%
EQUITIES The Nigerian equities market extended its bullish run for the fourth consecutive session, buoyed by buying interest in banking stocks, including...
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142SEC Begins Tech Adoption Assessment for Capital Market Operators
The Securities and Exchange Commission (SEC) yesterday disclosed that it has begun the technology adoption assessment for registered capital market operators (CMOs)....
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132Local Bourse Sustains Bullish Momentum as ASI Up 1.6%
EQUITIES Bargain-hunting activities continued today in the Nigerian equities market, with ETI (+10.0%) and NESTLE (+10.0%) lifting the bourse. Consequently, the ASI...
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135Afreximbank to Fund African Energy Bank with $19b in Bid to Raise Oil Industry Capacity
The African Export Import Bank (Afreximbank) would be funding the African Energy Bank (AEB) to the tune of $19 billion to increase...
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129FG Directs Economic Management Team on 7% Growth
The Federal Government has directed the Economic Management Team (EMT) to chart a fresh path for Nigeria’s economic future, targeting a medium-term...
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139Dollar Snaps Two-Day Decline, Stock Futures Dip
The dollar edged up on stronger US economic data, helping ease outsized appreciation in Asian currencies caused by optimism about trade deals...
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143SEC Plans Stock Market Meeting on Investments
The Securities and Exchange Commission has announced that it will hold the first quarter Capital Market Committee meeting on May 19 in...
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218Market Kicks off Week Positive as ASI up 0.6%
EQUITIES The local bourse kicked off the week on a positive note as buying interests in MTNN (+2.4%) and NB (+8.5%) caused...
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176Asian Currencies Surge on Weaker Dollar, Oil Falls
Asian currencies advanced amid broad weakness in the dollar and US assets as investors awaited further progress on trade deals. Crude oil...
