News
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CBN Commence the Sales of FX to BDCs to Meet Market Demand
he Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau De Change (BDC)…
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Investors Gained N262.82bn as NGXASI Advanced by 0.47%; BDC Rate Depreciated to N1,615/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The bulls resurfaced in the Nigerian equities market on Thursday, following Wednesday’s loss,…
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Nigeria imposes income tax on forex gains of banks
i The Federal Government of Nigeria is seeking to tax the realised profits from all foreign exchange transactions of banks…
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Minimum Wage: Tinubu agrees to N70,000
President Bola Ahmed Tinubu has agreed to pay N70,000 as the new minimum wage. The Minister of Information and National…
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NLNG Clarifies Payment òf $27.5m to FIRS .
The management of Nigeria LNG Limited (NLNG) has clarified certain media reports corcerning the payment of $27.5m to the Federal…
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MAN blames naira depreciation on disadvantaged local industries
The Manufacturers Association of Nigeria (MAN), has attributed increased importation of manufactured goods to the inability of the country’s manufacturers…
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Minimum wage: Labour threatens 30-day strike, alleges plan to decentralise talks
The Nigeria Labour Congress, on Tuesday, threatened to shut down the country for a month in protest against plans by…
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Fuel price rises to N750.17 per litre – NBS
The national average retail price for Premium Motor Spirit otherwise known as petrol increased year-on-year, YoY, by 37.44 percent to…
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Investors Lost N24.51bn as NGXASI Declined by 0.04%; BDC Rate Depreciated to N1,575/USD
. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian bourse ended the midweek trading session on a negative note, snapping…
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Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends
Summary Chips tumble on China trade worries Dow extends string of all-time closing highs Russell 2000 snaps five-day winning…
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