BUSINESS
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CBN sells $148m to authorised dealers
The Central Bank of Nigeria (CBN) says it sold a cumulative amount of 148 million dollars to authorised dealers in…
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FG, financial experts differ on windfall tax
Financial experts have raised concerns about the Federal Government’s proposed windfall tax on banks’ 2023 foreign exchange gains and its…
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Green economy to drive Nigeria’s diversification, jobs – SEC DG
Dr Emomotimi Agama, Director-General, Securities and Exchange Commission (SEC), says embracing a green economy will bring numerous benefits, including economic…
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Stock market trends downward, investors lose N118bn
The Stock Market on Thursday continued its downward trend for third consecutive session, leading to a loss of N118 billion…
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Senate passes bill increasing windfall tax on banks to 70%, CIBN kicks
The Senate has passed a Bill seeking to amend the Finance Act, of 2023 to impose and charge a windfall…
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Again, Selloffs in banking stocks dip market capitalisation by N68bn
The Nigerian Exchange Ltd. (NGX) market capitalisation declined further on Wednesday by 0.12 per cent or N68 billion, following selloffs…
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Nigeria poised to overtake global economy – Shettima
Vice-President Kashim Shettima says Nigeria is not just catching up with the rest of the world but also poised to…
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Stock market reacts negatively to CBN-MPR’s hike, lose N47bn
The stock market’s performance index closed 0.08 per cent weaker on Tuesday as investors reacted negatively to the Central Bank…
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NAICOM boss assures on insurance sector commitment to grow $1trn economy
The National Insurance Commission (NAICOM) on Tuesday affirmed its commitment to align the insurance sector with the Renewed Hope Agenda…
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CBN raises MPR by 50 basis points, despite soaring inflation
The Central Bank of Nigeria (CBN), on Tuesday, again raised the Monetary Policy Rate (MPR), the benchmark interest rate by…
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