Economy & Market
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150FAAC Allocations rise 149% to ₦13.7tr in 7 months
The Federation Account Allocations Committee (FAAC) disbursements to the Federal Government (FG), 36 states and 774 local governments (LG) rose by 149.4...
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128Stock Market Starts the Week Negative
EQUITIES The domestic equities market ended the day lower as investors took profits off JBERGER, resulting in a 0.2% decline in the...
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222Stock Futures Signal Modest Rebound in US, Europe
European and US equity markets were poised for a modest recovery Monday, after a selloff triggered by cooling US jobs data that...
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159Govt Imposes Electronic Levy on Opay, Moniepoint Users, Others
Customers of financial technology (fintech) companies including Opay, Moniepoint and Kuda are grumbling over the implementation of the Electronic Money Transfer Levy...
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168CBN Boosts Forex Liquidity, Sells Dollars to BDCs at ₦1,580
Central Bank of Nigeria (CBN) has increased liquidity in the foreign exchange market by selling US dollars to Bureau De Change (BDC)...
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266Economic and Market Report: Week Ended 06-09-2024
Global Economy According to the United States Bureau of Labor Statistics, total non-farm payroll employment in the US increased by 142,000 jobs...
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198NGX All-Share Index Ends Week Positive
In today’s trading session, the NGX All-Share Index gained 23bps to close at 96,433.53 points. Gains in ZENITHBANK (+1.35%), FBNH (+0.23%) and...
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196Govt to Clamp Down on Banks Breaching Lending Rules
The Federal Government has vowed to take steps to address the issue of banks lending money to state governments without adhering to...
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182Local Bourse Sustains Bearish Momentum
EQUITIES The Nigerian equities market extended yesterday’s loss as continued sell pressures on OANDO (-9.7%) drove the All-Share Index lower by 0.3%...
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193Stock Futures Dip as Caution Persists, Yen Gains
Global equities were set to extend their weakness as traders awaited this week’s US payrolls data to gauge the extent of the...
