Economy & Market
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56Bearish Sentiments Persist at the Exchange as ASI Down 0.3%
EQUITIES Bearish sentiments persisted in the domestic bourse, as losses in UBA (-2.6%), OANDO (-5.6%), ACCESSCORP (-3.0%), and WEMABANK (-8.6%) drove the...
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102Banks’ Deposit with Central Bank of Nigeria Soars to ₦48.40tr
The Nigerian banking sector’s deposits with the Central Bank surged by 154 per cent, reaching N48.40 trillion in the second quarter of...
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66Stock Market Remains Bearish as ASI Down 0.2%
EQUITIES Bearish sentiments persisted in the Nigerian equities market, as sell pressures on TRANSCORP (-8.4%), ZENITHBANK (-2.5%), and GTCO (-1.4%) drove the...
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61NIBSS NIP Becomes Africa’s First ‘Mature’ Instant Payment System
Nigeria has achieved a major victory on the continental stage as the NIBSS Instant Payment (NIP) platform was declared Africa’s first Instant...
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37Foreign Reserves Surge to 7-Year High of $46.7b –CBN
Nigeria’s foreign-exchange reserves have climbed to their highest level in seven years, buoyed by renewed investor confidence, stronger oil receipts and sustained...
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163Profit-Taking Activities Continue at the Exchange as ASI Down 0.1%
EQUITIES Profit-taking activities continued in the local bourse as losses in ZENITHBANK (-3.1%) and UBA (-2.5%) drove the All-Share Index down by...
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106Bitcoin Leads Global Stocks Selloff, Bonds Rally
Stocks sold off and Bitcoin hit a seven-month low as investors pulled back from riskier corners of the market before a high-stakes...
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112Stock Market Opens Week on Negative Note
EQUITIES The domestic equities market opened the week on a negative note as selloffs in DANGCEM (-10.0%) and TRANSCORP (-4.7%) drove the...
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113Headline Inflation Drops to 16.05% Y/Y in October
Based on the CPI data from the National Bureau of Statistics (NBS), Nigeria’s headline inflation fell sharply by 196bps to 16.05% y/y...
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114Nearly $3b Spent on Eurobond Debt Servicing Under Tinubu
The Federal Government has spent about $2.93bn servicing Eurobond debt across eight quarters under President Bola Tinubu, according to an analysis of...
