Economy & Market
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271Bears Continue Focus on Banks
EQUITIES The local bourse extended yesterday’s loss as sell pressure on ZENITHBANK (-2.6%) and FBNH (-2.8%) caused a 0.2% decline in the NGX...
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2162024 Budget Will Be Fully Implemented –Edun
The Federal Government has reiterated commitment to the full implementation of the 2024 Budget. It also pledged to promote a transparent and...
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227‘Identity Management Resolution Will Tackle Unclaimed Dividends’
The Director General Securities and Exchange Commission (SEC), Emomotimi Agama has reiterated that identity management issues when solved will provide lasting solution...
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391Bears Dominate Activities at the Local Bourse
EQUITIES The bears continued to dominate activities in the local bourse as investors took profits off UBA (-5.1%) and DANGSUGAR (-3.7%). Thus,...
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290DBN Secures Access to over $100b Green Climate Fund
The Development Bank of Nigeria Plc (DBN) has received the Green Climate Fund (GCF) Accreditation, becoming the first Direct Access Entity (DAE)...
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230SEC and AfDB Advocate Green Finance to Drive Eco-friendly Economy
The Securities and Exchange Commission, in collaboration with the African Development Bank, has called for a heightened embrace of green finance as...
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250NASS Passes Finance Bill, Imposes 70% Levy on Banks’ Windfall Forex Profits
The National Assembly on Tuesday passed proposed amendment to the Finance Act which seeks to impose 70% levy on Banks’ windfall forex...
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176Bears Return to the Local Bourse
EQUITIES The domestic stock market reversed yesterday’s gains as selloffs in ZENITHBANK (-1.6%), UBA (-1.5%), and FBNH (-0.9%) caused a 0.1% decline...
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146MPC Pivots to a Less Hawkish Stance: Raises the MPR
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to increase the Monetary Policy Rate (MPR) further by...
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385Macroeconomic: MPC Further Tightens Anchor Rate to 26.75%
As predicted in our last weekly macroeconomic note, the Monetary Policy Committee (MPC) of the CBN at the end of its 296th...
