Finance & Economy
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Nigeria’s GDP Grew 3.19% YoY in Q2 2024
Nigeria’s Gross Domestic Product (GDP) grew by 3.19% year-on-year (YoY) in real terms in the second quarter of 2024, which…
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FG deficit rose to N824bn in April – CBN
The Federal Government’s fiscal deficit rose month-on-month by 0.1 per cent to N824.79bn in April from N823.91bn in March, the…
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Banks Recapitalization Watch for the week ended August 23, 2024
This week, the NGX-Banking Index fell by 0.37% week on week (W-o-W) to close at 840.77. Among the Tier 1 banks, GTCO’s share price…
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Access Bank raises N442 billion through syndicated Tier II Facility
Access Bank has collaborated with the Dutch Entrepreneurial Development Bank (FMO) to sign a syndicate Tier II Facility agreement valued…
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What to Expect from the Markets this Week – 120824
Economy Nigeria’s PMI dips to 49.2 in July 2024 Nigeria’s Purchasing Managers Index (PMI) fell below the 50-point threshold to…
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CBN Excludes Six Banks in Its New Retail FX Sales Scheme to End Users
On Tuesday, August 6, 2024, the Central Bank of Nigeria (CBN) conducted retail foreign exchange (FX) sales to end users…
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CBN approves financial accommodation for Unity, Providus Bank merge
The Central Bank of Nigeria (CBN) has granted an approval for a financialaccommodation to support the proposed merger between Unity…
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The Pains of A Windfall Tax: Appraising the NASS’s Financial Act Amendment
The power to tax is the power to destroy. – John Marshall Outline Preamble – The new Finance Bill Amendment and…
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Investors Lost N92.73bn as NGXASI Declined by 0.17%; BDC Rate Appreciated to N1,596/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market opened the week on a negative note, reversing the…
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Banks’ Recapitalisation: Foreign investors moving in — Cardoso
CBN reduces banks’ Loan to Deposit Ratio to 50% •Says we won’t allow illicit funds; bad guys take over Nigerian…
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