News
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Investors Lose N614.35bn as NGXASI Dips by 2.26%; Debt Market Size Declines by 0.10% to Close at N29.13trn; IEFX Rate Appreciates to N428.75
Nigerian Equities Market dipped further to maintain negative as sell pressure persists while key market indicator closed below 50,000 psychological…
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Oil slips as U.S. crude stockpiles rise, eyes on U.S. inflation data
Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude…
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Ehingbeti to unveil new economic roadmap for Lagos State
The Co-Chairman, Ehingbeti Lagos Economic Summit and Commissioner of Economic Planning and Budget, Lagos State, Sam Egube, has said the…
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NCC Remits N463bn To Federal Govt In 7 Years
The Nigerian Communications Commission (NCC) said has remitted N463 billion to the Consolidated Revenue Fund from 2015 to April 2022…
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Nigeria’s Broadband Penetration Hits 44.5% in July, says Danbatta
Nigeria’s broadband usage has continued on the rise, moving up from 40.9% in February 2022 to 44.5% in July 2022,…
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Bank of England Increased Rate to 1.75% in August 2022, Up by 0.50%
Monetary Policy Summary, August 2022 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2%…
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W’Bank commits $8.5bn to Nigeria, faults N6.7tn subsidy
The World Bank has committed $8.5 billion to Nigeria to fund critical issues ranging from agriculture to education. Disclosing this…
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FG to generate N160bn from call, data taxes
The Federal Government will generate about N160.46bn from excise duty on telecommunication services in 2023. According to the Nigerian Communications…
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CBN ‘Ways and Means’ debt from the FG Hit N20 trillion as of June 2022
The Central Bank of Nigeria has extended a total sum of N19.9 trillion circa (N20 trillion) in loans to the…
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FIRSTMONIE AGENTS TRANSACT OVER 1 BILLION TRANSACTIONS, REINFORCES FIRSTBANK’S FINANCIAL INCLUSION
The Bank’s Firstmonie Agents play a critical role in promoting financial inclusion in the country The Bank currently has over 180,000…
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