Economy & Market
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386Economic and Market Report: Week Ended 09-08-2024
Global Economy According to recently released data by the National Bureau of Statistics, China’s consumer prices rose by 30bps to 0.5% y/y...
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286NGX All-Share Index Closes Week Positive
Recovering from the previous weekly losses, the Lagos bourse gained 0.87% week-on-week as gains in telco giant, MTNN (5.16% w/w) as well...
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296CBN 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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272Bulls 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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289SEC 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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327Fuel 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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251CBN 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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377Stock 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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268
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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314Credit 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....
