Economy & Market

SEC 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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Report 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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Bargain 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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Naira 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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Asian 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...

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NACCIMA Faults FG’s Deficit Financing Model, Says It’s Making Nigerians Poorer

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye, yesterday faulted the federal government’s...

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Local Bourse Reverse Gains as ASI Down 0.2%

EQUITIES The Nigerian Equities market reversed yesterday’s gains as sell pressures in ZENITHBANK (-3.6%), UBA (-2.4%) and ACCESSCORP (-1.0%) triggered a 0.2%...