Latest News
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218Stock MarketNGX All-Share Index Extends Downtrend
EQUITIES The Nigerian equities market sustained its negative sentiments as investors sold off FBNH (-9.9%) and GTCO (-6.0%). As a result, the...
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201Industry & MoneyElectricity: FG Reduces ‘Band A’ Tariff by 8% to ₦206.8/kWh
NERC yesterday announced an eight percent reduction on electricity tariff paid by customers in Band A from N225/kWh to N206.8/kWh. The Commission, in...
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97Banking & FinanceFG to Delist Naira from Crypto Trading Platforms
In a latest effort to crackdown on naira manipulators in the foreign exchange market, the Federal Government, through the Securities and Exchange Commission...
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92Industry & MoneyFG Abolishes Payment of Signature Bonus for Oil Investors
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has announced the abolition of signature bonus payment to the Federal Government by...
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105Banking & FinanceBanks Borrowing Drops by ₦23.99tr
Nigerian banks’ lending, in the month of March, to the private and public sectors dropped by N23.99 trillion, data from the Central...
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81Banking & FinanceCBN Orders Cybersecurity Levy Deductions on Electronic Transfers
The Central Bank of Nigeria (CBN) has directed 0.5 percent Cybersecurity Levy deductions on electronic transfers. A circular issued by the CBN yesterday,...
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178Foreign NewsOil Climbs After Truce Talks Continue
Oil prices edged higher on Tuesday after Israel struck Rafah in Gaza, while negotiations for a ceasefire with Hamas continued without resolution,...
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1.2KOpinionWill The Foreign Investors Step Forward?
Back in January, we asked where the Naira/US dollar rate was headed. We mentioned three outcomes. The NAFEM rate and the parallel...
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107Money MarketEquities Market Opens Week Bearish
EQUITIES Trading in the domestic equities market kicked off the week on a negative note as profit-taking activities witnessed in AIRTELAFRI (-10.0%)...
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82Business News‘Nigeria, UK Trade Relations worth £7b’
The trade relations between Nigeria and the United Kingdom currently stand at about seven billion pounds sterling. The British High Commissioner in...
