BUSINESS
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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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Lokpobiri intervenes in Dangote Refinery, NNPC Ltd., NMDPRA crisis
Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), has convened a high-level meeting with key stakeholders in the oil…
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AfDB total loans in Nigeria hits $10.9 bn
The Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, says the banks’s cumulative financing approvals in Nigeria…
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NGX stock market opens week 0.03% higher
The Nigerian stock market saw a positive start on Monday, with a gain of N17 billion, bringing the market capitalisation…
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