Economy & Market
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163Oil, Gas Sector Received 31.1% of Banks’ Credit Allocation in Q3 2024
The oil and gas sector received 31.1% of deposit money banks’ (DMBs) total credit allocation in the third quarter of 2024, highlighting...
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164FG Services Debt With 47% Budget Vote
Debt servicing consumed 47 per cent of the Federal Government’s total expenditure in the first nine months of 2024, The PUNCH reports....
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153Ministers Take First Shot as 2025 Budget Defence Opens
Three ministers took turns yesterday to explain the gains of the stoppage of petrol subsidy payment, Budget 2024 implementation performance and the...
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140Local Bourse Extend Gains as ASI Up 1.2%
EQUITIES The Nigerian stock market closed higher in today’s session as sustained interest in MTNN (+10.0%) caused a 1.3% increase in the...
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170China Development Bank Approves $254.76m Loan for Kano-Kaduna Railway
The China Development Bank (CDB) has approved a $254.76 million (€245 million) loan to support the Kano-Kaduna railway project. The funding, announced on...
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143SEC Plans Improved Rules for Borrowing by Govts, Corp
The Securities and Exchange Commission (SEC) has announced plans to enhance the rules and regulations around borrowing for both the government and...
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142Report Predicts Significant Developments in Nigeria’s Energy Sector in Q1 2025
The Nigerian energy sector will witness significant developments in the first quarter (Q1) of 2025, a new report by the Society of...
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140Bargain Hunting Spurs Gains as Index Up 0.8%
EQUITIES The domestic bourse traded on a positive note as bargain hunting in MTNN (+10.0%), TRANSCORP (+10.0%), and FBNH (+6.6%) drove the...
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126Naira Gains 125/$ One Month After EFEMS
Nigeria’s currency has appreciated by N125 to a dollar one month after the launch of the Electronic Foreign Exchange Matching System (EFEMS)....
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119Asian Stocks Fall on Inflation Risk, China Concern
Asian stocks followed losses in their US peers as growing concern about inflation led to a selloff in Treasuries, and as worsening...
