Economy & Market
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285NGX All-Share Index Ends Week Positive
In today’s trading session, the NGX All-Share Index gained 23bps to close at 96,433.53 points. Gains in ZENITHBANK (+1.35%), FBNH (+0.23%) and...
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275Govt to Clamp Down on Banks Breaching Lending Rules
The Federal Government has vowed to take steps to address the issue of banks lending money to state governments without adhering to...
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247Local Bourse Sustains Bearish Momentum
EQUITIES The Nigerian equities market extended yesterday’s loss as continued sell pressures on OANDO (-9.7%) drove the All-Share Index lower by 0.3%...
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260Stock Futures Dip as Caution Persists, Yen Gains
Global equities were set to extend their weakness as traders awaited this week’s US payrolls data to gauge the extent of the...
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408Nigeria, China Revive Local Currency Swap Deal
Nigeria and China are set to revive their local currency swap agreement in a bid to bolster trade between the two nations...
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255Economic Activities Expand First Time in 13 months –CBN PMI
The latest Purchasing Manager’s Index released by the Central Bank of Nigeria has indicated that economic activities expanded in August for the...
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265Lagos Bourse Reverses Gains from Prior Session
EQUITIES The bears returned to the domestic stock market as profit-taking activities in OANDO (-10.0%) undermined market’s performance. As a result, the...
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243FRC Tasks Telecoms, Oils and Gas Operators on Sustainability Reporting
The Executive Secretary/Chief Executive Officer of Financial Reporting Council of Nigeria (FRC), Rabiu Olowo, has enjoined operators in the oil and gas...
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387Nigeria Becomes World Bank’s IDA Third-largest Debtor, Owes $16.5b
Nigeria is the third-largest debtor to the World Bank’s International Development Association as of June 30, 2024, following a significant increase in...
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205
Bulls Extend Dominance at the Exchange
EQUITIES Sentiments remained bullish in the local bourse following sustained interest in OANDO (+7.6%). Thus, the All-Share Index advanced by 0.1% to...
