News
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Abuja Court Jails Company Director Five Years for N128m Fraud
Justice O. J. Enobie of the FCT High Court, sitting in Jabi, Abuja has convicted and sentenced the director of…
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Financial Markets this Week – 220724
Economy Nigeria CPI for June 2024 The National Bureau of Statistics (NBS) on Monday, July 15, 2024, revealed that Nigeria’s…
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FG inaugurates power sector working group
The Federal Government, through the Minister of Power, Adebayo Adelabu, has inaugurated the Ministerial Power Sector Working Group, involving different…
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‘221 cases of oil theft recovered in one week’
No fewer than 221 cases of oil theft were uncovered across various communities of the Niger Delta region in the…
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Average FX turnover grew by 180% in one year – CBN
Data from the Central Bank of Nigeria has revealed that the average foreign exchange turnover grew by 180.47 per cent…
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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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