Economy & Market
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157FG Seeks Fresh $580m W’Bank Loans
The Federal Government is engaging the World Bank for two fresh loans totalling $580m, which are expected to be approved in March...
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139Oil Operators’ Indebtedness to FG Hits $6.1b –NEITI
The Nigeria Extractive Industries Transparency Initiative has disclosed that as of August 2024, operators in the oil and gas sector are collectively...
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135China Leads Asian Stocks Higher as Yen Trims Gain
Asian equities climbed to their highest level in seven weeks after stocks and bonds rose on Wall Street in a week marred...
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135FG Targets External Borrowing Reduction
The federal government has reaffirmed its commitment to reducing reliance on external debt financing and promoting private sector-driven economic growth as part...
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116MPC Pushes for Mild Hikes, Liquidity Management Ahead of Meeting
Ahead of the upcoming Monetary Policy Committee (MPC) meeting scheduled for February 17-18, 2025, its members are advocating for mild interest rate...
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93Banking Stocks Lead Rally as ASI Up 0.5%
EQUITIES The bulls continued to dominate the domestic bourse as bargain hunting activities in FBNH (+9.6%), GTCO (+3.2) and ACCESSCORP (+6.3%) spurred...
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97Blockchain Deployment Will Aid Market Regulation –SEC DG
The Director General of the Securities and Exchange Commission, Emomotimi Agama, has emphasised that the deployment of blockchain technology will improve efficiency...
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91Business Confidence Rises as PMI Hits 52.0 in January 2025
Nigerian businesses are maintaining strong confidence in the economy, despite a slight moderation in growth, as the Stanbic IBTC Bank Nigeria Purchasing...
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60FEC Okays ₦758b Bond to Offset Pension Backlog
The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to offset outstanding pension liabilities for all categories...
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65Active Bank Accounts Up 122.3m to 331.6m in One Year
Nigeria’s banking sector saw a remarkable expansion in 2024, with active accounts surging to 331.6 million by December, reflecting an increase of...
