Economy & Market
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120World Bank: Nigeria Retains Lower Middle Income Status
Nigeria has retained its status as a lower middle income (LMI) country. The classification is part of the World Bank’s annual country...
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110CBN to Slow Down Rate Hikes Soon –Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has stated that it will soon be able to slow down...
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165Budget: FG Releases ₦1.2tr for Capital Projects
The Federal Government released a total sum of N1.23tn to 17 ministries for the implementation of capital projects aimed at advancing development...
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196Domestic Equities Market: Local Bourse Stutters
This week, three out of the five trading sessions closed lower, bringing the domestic bourse to a negative territory, as the NGX-ASI...
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158Economic and Market Report: Week Ended 05-07-2024
Global Economy According to the recently released data from Eurostat, consumer prices in the Eurozone eased by 10bps to 2.5% y/y in...
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141Stock Market Performance Relapses
EQUITIES Unlike in the past two trading sessions, performance in the domestic equities market was negative as sell pressures on MTNN (-6.5%)...
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132Senate Scores FG Low on 2024 Budget Performance
The Senate has scored the executive low in the implementation of the capital component of the 2024 budget, saying there is a...
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146NGX All-Share Index Extends Gains, Up 0.23%
EQUITIES The domestic bourse sustained the previous session’s gains following demand for FBNH (+4.6%), GTCO (+2.6%), STANBIC (+4.4%) and WAPCO (+4.3%). Consequently, the...
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135CBN to Sanction Banks for Rejecting Old, Small Dollar Denominations
The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the...
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347Local Bourse Reverses Loss
EQUITIES The Nigerian equities market was negative for most of the day however late buying interest in ZENITHBANK (+2.6%), GTCO (+1.9%) and...
