Economy & Market
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279CBN Demands Transaction Evidence on All Divestments, Repatriation of Foreign Investments
The Central Bank of Nigeria (CBN), yesterday clarified that every divestment or repatriation of foreign investment, be it a pre-liquidation or matured...
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262Bulls Tighten Grip on the Bourse
EQUITIES The local bourse extended yesterday’s bullish performance as bargain hunting in MTNN (+10.0%) drove the benchmark index 1.0% higher. Thus, the All-Share...
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272SEC to Outline Agenda for Capital Market at CMC Meeting
The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, is set to outline the Commission’s vision for the Nigerian...
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296Fuel Imports Gulp ₦2tr Monthly –FG
President Bola Tinubu has disclosed that the country spends N2tn monthly to import petrol and diesel. Tinubu stated this during his recent...
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233CBN Sells $876.26m to 26 Banks in Latest Retail Dutch Auction
In a decisive effort to ease the strain on Nigeria’s foreign exchange market and enhance transparency in pricing, the Central Bank of...
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346Stock Market Reverses Losses
EQUITIES The domestic stock market reversed yesterday’s losses as buying interests in OANDO (+10.0%) and FBNH (+4.6%) underpinned market’s performance. As a...
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255
CBN Okays Unity, Providus Banks’ Merger Arrangement
The Central Bank of Nigeria (CBN) has given a node for the merger arrangement between Unity Bank Bank and Providus Bank. A...
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282Credit to Economy falls 1.5% to ₦102.7tr
Banks’ lending to the economy fell by 1.5 per cent, Month-on-Month, MoM to N101.2 trillion in June from N102.7 trillion in May....
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241
Bearish Sentiments Persist at Nigerian Equities Market
EQUITIES Bearish sentiments persisted in the Nigerian equities market as sell pressures on BUACEMENT (-10.0%) drove the NGX ASI down by 0.7%...
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193Bank Recapitalisation Crucial for Economic Growth –SEC
The Director General of the Securities and Exchange Commission, Emomotimi Agama, has stated that the ongoing bank recapitalisation is an important step...
