Economy & Market
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163Power, FX Challenges Slowed Businesses in January –Report
The latest NESG-Stanbic IBTC Business Confidence Monitor has indicated that frequent power shortages, limited foreign exchange availability, and access to finance were...
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61CBN to Banks: Stop Limiting ATM Withdrawals to Below ₦20,000
The Central Bank of Nigeria (CBN) has issued a strong warning to banks that restrict customers from withdrawing up to N20,000 per...
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151Asian Stocks Gain as Tariff Timeline Boosts Mood
Asian equities advanced Friday as markets reacted positively to signs reciprocal US tariffs may be weeks from coming into effect, raising the...
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134FG Stops MDAs from Operating Accounts with Commercial Banks
The Federal Government has directed Federal Pay Officers (FPOs) across the country to ensure that Ministries, Departments, and Agencies (MDAs) in the...
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110Bulls Extend Reign as ASI Up 1.3%
EQUITIES The domestic equities market sustained its bullish momentum for the third consecutive session this week, driven by gains in DANGCEM (+10.0%),...
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132Stocks Rise, Euro Strengthens on US-Russia Talks
Asian equities rose as US-Russia talks spurred expectations for an end to the war in Ukraine. Risk sentiment was also stoked by...
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120House Passes Tax Reform Bills for Second Reading
The House of Representatives yesterday passed the controversial tax reform bills submitted by President Bola Tinubu for second reading. The bills are:...
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134Local Bourse Extends Gains as ASI Up 1.2%
EQUITIES The local bourse extended yesterday’s gains as buying interest in DANGCEM (+3.9%) and TRANSCOHOT (+10.0%) caused a 1.2% increase in the...
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155‘Nigeria Got $52b from Afreximbank, Largest in Africa’
Nigeria has received a cumulative disbursement of approximately $52bn from the African Export-Import Bank, making it the largest beneficiary of the bank’s...
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89Customs Suspends 4% Levy on Imports
The Nigeria Customs Service (NCS) has announced suspension of the implementation of 4% Free-on-Board (FOB) value on imports, following public outcry by...
