Economy & Market
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92Local Bourse Sustains Bearish Momentum
EQUITIES The domestic bourse sustained its bearish momentum, as sell pressures on MTNN (-4.8%) drove the All-Share Index lower by 4bps to...
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108CBN to Use Any Tool to Fight Inflation –Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank is prepared to use any tool...
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87PenCom Mandates PFAs to Suspend Investment in Commercial Papers
The National Pension Commission (PenCom) has directed licensed pension fund administrators (LPFAs) to suspend further investment in commercial papers with immediate effect....
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75Stop Ad-hoc FX Auctions, W’Bank tells CBN
The Central Bank of Nigeria has been urged to refrain from intervening in the foreign exchange market through forex auctions. It was...
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80Asian Stocks Fall as Caution Abounds, Japan Gains
Stocks in Asia declined as traders braced for volatility ahead of next week’s US election and the Federal Reserve’s rate decision. Benchmarks...
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107Profit-taking Drags Down Market Performance
EQUITIES Profit-taking activities continued today in the Nigerian equities market, with TRANSCORP (-7.4%), ACCESSCORP (-4.7%) and BUACEMENT (-1.0%) weighing down the bourse....
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85Inflation Will Remain Substantially Higher in Nigeria, Other Oil Exporting Countries in 2025 –IMF
The International Monetary Fund (IMF) has projected that with further policy adjustments expected, median inflation will decline slightly in Nigeria, Angola and...
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26States, FCT Get ₦2.43tr IGR
The Federal Capital Territory (FCT) and the 36 states of the federation generated N2.43trillion Internally Generated Revenue (IGR) last year. The National...
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79Bearish Start to the Week as ASI Down 0.7%
EQUITIES The local bourse paused its five-day bullish run as losses in BUACEMENT (-10.0%) and FBNH (-6.1%) offset the gain in TRANSCORP...
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101FG Plans Tax Overhaul to Access $750m W’Bank Loan
The Federal Government is pressing ahead with critical tax reforms not just to boost tax revenue and efficiency but also to meet...
