News
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The Nigerian Exchange market experienced its highest single-day dip in January, shedding about N1.07tn on Wednesday.
Sell-offs dragged that market to its third decline this year after enjoying a bullish trend for the better part of…
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CBN orders banks to sell excess dollars in 24 hours
Banks may sell over $5bn, says official, Cardoso faces Senate Tuesday over naira fall Amid its fresh moves to stabilise…
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Senate summons CBN gov on state of economy, naira free fall
The Senate, on Wednesday, through its Committee on Banking, Insurance and other Financial Institutions, summoned the Governor of Central Bank…
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CBN removes exchange rate cap for International Money Transfer Operators
The Central Bank of Nigeria (CBN) has issued a new circular that removes the previous cap on exchange rates quoted…
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Breaking :Olufemi Otedola Appointed New Chairman of FBNH’s Board
As Fear is now allayed on the speculation that the position would go to Obafemi Otudeko ,the largest single shareholder…
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EFCC Arraigns Two in Maiduguri for N36.2m Fraud
The Economic and Financial Crimes Commission, EFCC, Maiduguri Zonal Command, on Wednesday, January 24, 2024, arraigned the duo of Haruna…
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Report: LPG Prices Soar Higher Despite 7.5% VAT Removal, Customs Duty Waiver
In spite of the federal government’s decision to withdraw the 7.5 per cent Value Added Tax (VAT) to crash the…
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Naira depreciation threatens 2023 dividends for companies with foreign liabilities- Operators
Some capital market operators have cautioned that quoted companies burdened with foreign liabilities or heavily dependent on imported inputs could…
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Fears Over Otudeko’s Possible Emergence as Board Chairman of FBNH Again
Fear, anxiety and apprehension grip shareholders, banks and bank workers, capital market operators and even depositors as Oba Otudeko makes…
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NNPC Ltd woos South Korean investors for gas projects
…felicitates Temile Devt. Company on acquisition of LPG carrier The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks…
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