News
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Inflation Surges to 19.64% in July 2022, as Analysts Point to Weakening Naira
Nigerians are staring down the barrel of an inflationary weapon of mass destruction. The country’s consumer price index (CPI) becomes…
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Oil sheds more than $1 as China data disappoints
China’s July refinery output lowest since March 2020 – dataSaudi Aramco ready to maximise output to 12 mln bpd –…
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Nigeria’s Domestic, External Debt Service Gulps N15.22trn in 10 Years
Nigeria in the past 10 years has spent a whopping sum of N15.22trillion to service its domestic and external debts,…
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The Markets in Review: Nigerian Cement Producers: H1 2022 Scorecard – Coronation Research
Over the last two weeks, the two cement producers we cover released H1 2022 earnings. Overall, the results were mixed…
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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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