Economy & Market
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142Economic and Market Report: Week Ended 02-05-2025
Global Economy According to the Bureau of Economic Analysis (BEA), the US economy contracted by 0.3% q/q in Q1-25 (Q4-24: +2.4% q/q),...
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145Stocks, Futures Climb as China Mulls Trade Talks
Asian stocks climbed to the highest level in more than a month and US equity-index futures advanced Friday after China said it’s...
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142Nigeria not in Hyperinflation –FRC
The Financial Reporting Council of Nigeria has reaffirmed that the Nigerian economy does not meet the criteria for classification as hyperinflationary, despite...
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144AfDB Approves $650m Annual Commitment to Boost Economic Growth
The Board of Directors of the African Development Bank Group (AfDB) has approved a new Country Strategy Paper (CSP) for Nigeria covering...
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142CBN Emphasises Financial Inclusion
The Central Bank of Nigeria (CBN) has emphasised its commitment to financial inclusion for the greater benefit of the economy. CBN is...
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175Bears Tighten Grip as ASI Down 0.1%
EQUITIES Bearish sentiments persisted in the local stock market as sell pressures in GTCO (-3.5%) and ETI (-10.0%) caused a 0.1% decline...
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92Budget Deficit: FG Accesses ₦2.5trn from Bond Market in Four Months
In a bid to bridge the 2025 budget deficit, the federal government through the Debt Management Office (DMO) has borrowed an estimated...
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147FIRS Orders Banks to Close Unauthorised Tax Collection Accounts
The Federal Inland Revenue Service (FIRS) has instructed all banks in Nigeria to immediately identify and close any tax and levy collection...
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136ILO Advocates Unified Strategy for Jobs, Inclusive Growth
The Director-General of the International Labour Organisation, Gilbert Houngbo, has called for a bold rethinking of global economic policies to prioritise decent...
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153US Stock Futures Drop With Tech Earnings in Focus
A six-day rally in US stocks looks set to pause as equity-index futures declined following disappointing earnings from Super Micro Computer Inc....
