Finance & Economy
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Banks Recapitalization Watch for the week ended July 19, 2024
This week, the NGX-Banking Index declined by 0.05% week on week (W-o-W) to close at 843.99. Among the Tier 1…
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Investors Lost N46.70bn as NGXASI Declined by 0.08%; BDC Rate Depreciated to N1,590/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market ended the day negative, reversing the gains seen on…
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Forex inflow via IMTOs hits $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of…
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Naira Can Appreciate Below N1,200/$ If CBN Implements Right Policies – Rewane
The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says the appreciation of the naira against the dollar in…
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CBN Communiqué No. 153 of the MPC Meeting – July 22 – 23, 2024
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 296th meeting on July 22nd and…
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Manufacturing companies in Nigeria lost N1.7trn in one year – FIRS chairman
The FIRS chairman said the losses and exits of the foreign companies have made the country lose hugely in terms…
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CBN raises interest rate by 150 basis points to 26.25%
As Dangote, criticizes latest increment of interest rate t The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has…
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Investors Gained N16.54bn as NGXASI Advanced by 0.03%; BDC Rate Appreciated to N1,565/USD
1.1 NGX – Listed EquitiesThe Nigerian equities market kicked off the trading week with a bullish run, extending Friday’s upward…
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Investors Now Opts Longer-dated Bonds
Investors are seen locking their money into longer-dated bonds rather than short-term, high-yielding securities, due to the expected slow pace…
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CBN MPC Decision: Strong Growth Headwinds Ahead, as Monetary Policy Tightness Expected to Persist
In its last meeting on May 21, 2024, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) raised the…
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