Economy & Market
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64Cashless: CBN Suspends Charges on Cash Deposits
The Central Bank of Nigeria (CBN) has directed banks to stop charges on cash deposits until September 30, 2024. CBN disclosed this...
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216NGX All-Share Index Extends Downtrend
EQUITIES The Nigerian equities market sustained its negative sentiments as investors sold off FBNH (-9.9%) and GTCO (-6.0%). As a result, the...
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95FG to Delist Naira from Crypto Trading Platforms
In a latest effort to crackdown on naira manipulators in the foreign exchange market, the Federal Government, through the Securities and Exchange Commission...
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103Banks Borrowing Drops by ₦23.99tr
Nigerian banks’ lending, in the month of March, to the private and public sectors dropped by N23.99 trillion, data from the Central...
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81CBN Orders Cybersecurity Levy Deductions on Electronic Transfers
The Central Bank of Nigeria (CBN) has directed 0.5 percent Cybersecurity Levy deductions on electronic transfers. A circular issued by the CBN yesterday,...
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107Equities Market Opens Week Bearish
EQUITIES Trading in the domestic equities market kicked off the week on a negative note as profit-taking activities witnessed in AIRTELAFRI (-10.0%)...
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188Currency in circulation rises to ₦3.87tr –CBN
The value of Nigeria’s currency in circulation has risen to N3.87tn at the end of March. According to the latest money and...
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71Rising Energy Price: Nigerians Can’t Seem to Catch a Break
In April, Nigerians were ushered into Q2 with the decision from the FG to end electricity subsidy by hiking the electricity tariff...
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215Stock Market Index Ends Week Strong
Closing the holiday shortened week, the domestic bourse ended the session positive –the first weekly gain since March- as the All-Share index...
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108Economic and Market Report: Week Ended 03-05-2024
Global Economy In line with market expectations, the Federal Open Market Committee (FOMC), at the recently concluded May policy meeting, voted to...
