Economy & Market
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184CBN Sells $876.26m to 26 Banks in Latest Retail Dutch Auction
In a decisive effort to ease the strain on Nigeria’s foreign exchange market and enhance transparency in pricing, the Central Bank of...
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264Stock Market Reverses Losses
EQUITIES The domestic stock market reversed yesterday’s losses as buying interests in OANDO (+10.0%) and FBNH (+4.6%) underpinned market’s performance. As a...
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209
CBN Okays Unity, Providus Banks’ Merger Arrangement
The Central Bank of Nigeria (CBN) has given a node for the merger arrangement between Unity Bank Bank and Providus Bank. A...
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189Credit to Economy falls 1.5% to ₦102.7tr
Banks’ lending to the economy fell by 1.5 per cent, Month-on-Month, MoM to N101.2 trillion in June from N102.7 trillion in May....
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207Bearish Sentiments Persist at Nigerian Equities Market
EQUITIES Bearish sentiments persisted in the Nigerian equities market as sell pressures on BUACEMENT (-10.0%) drove the NGX ASI down by 0.7%...
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153Bank Recapitalisation Crucial for Economic Growth –SEC
The Director General of the Securities and Exchange Commission, Emomotimi Agama, has stated that the ongoing bank recapitalisation is an important step...
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152Bearish Start to the Week at the Exchange
EQUITIES Trading in the domestic bourse kicked off the week on a bearish note, underpinned by losses in MTNN (-6.0%). Consequently, the...
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168
CBN Introduces Dutch Auction System to Tackle Forex Shortages
The Central Bank of Nigeria (CBN) has announced a strategic initiative through a Retail Dutch Auction System (DAS) that will address the...
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246Domestic Bourse Rebounds
As the market sustained the bearish run from the previous week, the equities market closed 0.46% lower week-on-week with selling pressure in...
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242Economic and Market Report: Week Ended 02-08-2024
Global Economy The Monetary Policy Committee (MPC) of the Bank of England (BoE) voted by a majority of 5 – 4 to...
