Economy & Market
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174Stock Exchange Closes Week Positive
Recovering from the previous weekly losses, the Lagos bourse gained 0.87% week-on-week as gains in telco giant, AIRTELAFRI (4.76% w/w) as well...
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173CBN sells $20,000 to BDCs at ₦1,450/$1
The Central Bank of Nigeria (CBN) announced on Thursday that it will allow eligible Bureau De Change Operators (BDCs) to purchase foreign...
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109NGX All-Share Index Closes Positive, Up 0.47%
The Nigerian equities staged a rebound, recouping the prior session losses as the benchmark index closed 0.47% stronger to settle at 100,503.21...
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107Average FX Turnover Grew by 180% in One Year –CBN
Data from the Central Bank of Nigeria has revealed that the average foreign exchange turnover grew by 180.47 per cent in one...
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269NGX All-Share Index Snaps Winning Streak
EQUITIES The local bourse paused its two-day bullish run as sell pressures on MTNN (-3.4%) undermined market performance. Thus, the NGX ASI...
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184IMF Downgrades Nigeria’s Economic Growth Forecast to 3.1%
The International Monetary Fund yesterday downgraded its forecast for Nigeria’s economic growth in 2024 to 3.1 percent, citing weaker growth recorded in the...
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157Local Bourse Sustains Positive Performance
EQUITIES Sentiments in the Nigerian equities market remained bullish, as sustained interest in ZENITHBANK (+2.6%) and UCAP (+10.0%), drove a 0.1% gain...
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225Positive Outing on the Bourse
EQUITIES The domestic bourse started the week’s trading with bullish sentiments following buying interest in ZENITHBANK (+5.3%) and MTNN (+1.5%). Thus, the...
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216FGN Bond: Bears Extend Dominance
The domestic bond secondary market maintained its bearish run last week, as the postponement of the July FGN Bonds Primary Market Auction...
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248Headline Inflation Increases Further
The headline inflation rate increased to 34.19% in June 2024 relative to the May 2024 headline inflation rate which was 33.95%, the...
