Finance & Economy
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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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Zenith Bank to raise N290b through rights issue, public offer
Zenith Bank Plc will be raising N290 billion through a combination of a rights issue and public offer. The bank…
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Zenith Bank seeks NGX approval to sell 5bn shares through rights issue
Zenith Bank Plc has sought approval from the Nigerian Exchange (NGX) Limited to sell 5.23 billion shares through rights issue…
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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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Wale Edun: There are impediments to direct FAAC payments to LGAs
Wale Edun, the minister of finance, says there are “practical impediments” to the implementation of direct payment of allocation to…
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