Economy & Market
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197Weekly Treasury Bills Update: Bullish Streak Continues
The Nigerian Treasury Bills (“NT-Bills”) secondary market closed the week on a positive note, as investors continued to demand for higher yield,...
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224NDIC Commences Liquidation of Heritage Bank
Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) today, June 3, 2024...
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168
Central Bank Revokes Licence of Heritage Bank
The Central Bank of Nigeria (CBN) has revoked the operating licence of Heritage Bank with immediate effect. CBN’s Acting Director, Corporate Communications,...
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210Economic and Market Report: Week Ended 31-05-2024
Global Economy According to the United States Department of Labor, the initial jobless claims in the US increased by 3,000 to 219,000...
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156Stock Market Ends Week Strong
This week, the local bourse snapped out of the three consecutive weekly losses with a perfect trading week, as it closed 1.73%...
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121NGX All-Share Index Hits 5-Week High
EQUITIES The bulls continued to dominate activities in the domestic bourse as bargain hunting in SEPLAT (+10.0%) triggered a 0.5% gain in the...
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102Nigeria’s E-commerce Value Reaches $9.02b
The Nigerian Export Promotion Council (NEPC) said that the country’s E-commerce value rose from $675.68 million in 2022 to $9.02 billion in...
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124Local Bourse Sustains Bullish Momentum
EQUITIES The Nigerian equities market maintained its winning streak in today’s session underpinned by investors’ demand for DANGSUGAR (+9.6%), FBNH (+5.0%), ZENITHBANK (+3.5%)...
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88BDC Operators Urge CBN to Reverse Recapitalisation Guidelines
The Association of Bureau De Change Operators of Nigeria has demanded that the Central Bank of Nigeria reverse the new capital requirement...
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175Currency Outside Banks Reverses Upward Trend, Falls by ₦27b
Currency Outside Banks (CoB) fell month-on-month (MoM) by N27.5 billion or 0.55 percent to N3.6 trillion in April from N3.627 trillion in...
