Economy & Market
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68Bearish Outing at the Exchange as ASI down 0.1%
EQUITIES Bearish sentiments resurfaced in the Nigerian equities market, halting a three-day winning streak, as sell-offs in MTNN (-2.7%) and ZENITHBANK (-1.1%)...
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125Stocks Trade in Tight Range, US Copper Hits Record
Asian stocks traded in a tight range Wednesday as investors searched for a clear direction amid weaker US consumer confidence and uncertainty...
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118Nigeria’s Digital Payments, Others to Hit $1.5tr –Report
The digital payments economy in Nigeria and other African countries is projected to hit $1.5tn by the end of this decade, driven...
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129Fed Govt Okays Lagos International Financial Centre
The Federal Government has approved the establishment of the Lagos International Financial Centre (IFC) as part of efforts to position Nigeria as...
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102CBN Plans Fresh Battle Against Forex Speculators as Naira Slides
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order...
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147‘Investors’ Confidence in Nigeria Growing’
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described recent visits by top executives from JP Morgan, Citi...
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82Local Bourse Extends Gains as ASI Up 0.04%
EQUITIES Bullish sentiments persisted in the domestic bourse, as gains in ZENITHBANK (+3.2%) and GTCO (+1.4%) caused a 4bps increase in the...
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163Banks Borrow ₦9.2tr from CBN to Fund Operations
Nigerian Deposit Money banks accessed more than N9 trillion to fund operations as the liquidity shortage bit last week. The financial system...
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85Bulls Kickstart the Week as ASI Up 0.6%
EQUITIES The domestic stock market opened the week on a positive note, driven by bargain hunting in banking names, including GTCO (+6.5%),...
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95‘Tax Reform Will Eliminate Regulatory Bottlenecks’
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says the tax reform bill will eliminate regulatory bottlenecks and boost micro...
