Economy & Market
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224FG Offers Nine-month Window for Free Forex Deposit
The Federal Government on Thursday announced a nine-month programme beginning on October 31, 2024, that allows individuals to deposit dollar bills held...
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198IMTO Inflows Up 47% to $2.33b in Six Months
Data released by the Central Bank of Nigeria (CBN) showed that Inflows through International Money Transfer Operators (IMTOs) grew by 47 per...
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173NEC Okays Tax Bill Withdrawal for Wider Consultations
After receiving briefing on the Tax Reform Bill, the National Economic Council (NEC) yesterday urged its withdrawal from the National Assembly to...
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176Tech Weighs on Asian Stocks as China Outperforms
Asian tech stocks’ declines weighed on the region’s equity markets, extending selling pressure on Wall Street that hit large Silicon Valley companies....
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135Bears Hold Sway as ASI Down 0.4%
EQUITIES The Nigerian stock market continued its descent as losses in ARADEL (-10.0%) and TRANSCORP (-2.0%) caused a 0.4% decline in the...
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189Money Supply Increases 64% to ₦108.95tr
According to the Central Bank of Nigeria, CBN, Money and Credit Statistics data released yesterday, the M2 has continued to increase since...
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169NSITF Moves to Ensure Security in Agency Banking, Fintechs
In a bid to enhance the security and welfare of workers in the informal sector, the Nigeria Social Insurance Trust Fund (NSITF) has...
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150Oyedele Defends New Tax Bill, Says Proposed Amendment Meant to Usher Fairer Template for VAT Distribution
Chairman of Presidential Advisory Committee on Fiscal Policy and Tax Reform, Taiwo Oyedele, yesterday, said the committee’s proposal on the derivation formula...
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133Asian Stocks Fall, Yen Strengthens as BOJ Holds
Asian equities fell Thursday after US stocks and government bonds dropped as robust economic data blurred the picture for imminent Federal Reserve...
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180Shares Slide as Exchange Wobble Continues
GLOOMY – Despite fleeting gains, the market has continued to struggle to bounce back The continuous downturn at the Nigerian Stock Exchange...
