Finance & Economy
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CBN Probe: Tinubu appoints FRC’s Jim Obazee as special investigator
President Bola Tinubu has appointed Jim Obazee, Chief Executive Officer of the Financial Reporting Council of Nigeria, as a special…
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World Bank To Nigeria: Reduce Govt Borrowing From CBN
The World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank if it wants to reduce…
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Returns on Nigeria’s Collective Investment Vehicles (CIVs) Slump Mildly in July 2023
Nigeria’s collective investment vehicles (CIVs), comprising mutual funds, infrastructure funds, and Exchange Traded Funds (ETFs), posted a YTD return of…
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NTB PMA Stop Rates Lunge in Response to Rising Rates
The treasury bill stop rate responded to the Central Bank Monetary Policy Committee (MPC) Monetary Policy Rate (MPR) increase for…
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NGX Sees Emerging Wave of Exits as Companies Jump Ship
In periods of positive market movements, listings tend to increase, while delisting predominantly occurs during negative market conditions. Unfortunately, the…
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Investors bid N384 billion worth of Treasury bills at 12.15% per annum
Investors bid N384 billion worth of one-year treasury bills in the latest auction of 26th July 2023 at a rate…
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Investors Lose N186.85bn as NGXASI Declines by 0.46%
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian Equities Market closed negatively as the key market indicator declined by 301.65 bps amid…
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Price Fixing: PoS operators risk three months imprisonment, says FCCPC
The Federal Competition and Consumer Protection Commission has said Point of Sale operators caught for price fixing risk three months…
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CBN admits forex supply issues creating exchange rate volatility
Acting CBN Governor Fola Shonubi admitted on Tuesday that supply-demand imbalances are fuelling current volatility in Nigeria’s exchange rates. In…
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CBN increases interest rate to 18.75% in first MPC session since Emefiele’s suspension
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate (MPR) by…
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