Money Market
NGX Records N329 Billion Gain, All-Share Index Climbs to 104,100 Points
The Nigerian Exchange Limited witnessed a positive trading trend for the second consecutive day, recording a significant gain of N329...
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CBN Raises Import Duty Exchange Rate Amid Naira’s Continuous Depreciation
The Central Bank of Nigeria (CBN) has once again adjusted the official exchange rate used for clearing imported goods at...
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Will the Naira Hit N2000/$ in 2024?
The Central Bank of Nigeria (CBN) was enveloped in tension as the Naira plummeted to an unprecedented low of N1,548.63...
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Naira Closes Above N1500/$1 Amid Declining Forex Turnover
The Naira experienced a significant depreciation, closing above N1500/$1 in recent trading sessions. This was accompanied by a notable decline...
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Obaseki Eyes Lithium Mining, EV Battery Production for Edo’s FX Boost
Edo State Governor, Mr. Godwin Obaseki, is leading efforts to diversify the state's economy by tapping into its solid minerals...
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Naira Plunges to N1,534 Against Dollar on Official Market
In a disheartening development for Nigeria's economy, the national currency, the naira, hit an unprecedented low against the dollar on...
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Nigeria’s Foreign Reserve Forecasted to Decline to $24 Billion by IMF
In a concerning forecast by the International Monetary Fund (IMF), Nigeria’s foreign reserves are expected to undergo a significant reduction,...
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Jeff Bezos Sells Over $2 Billion Worth of Amazon Shares in Strategic Divestment Move
In a strategic move, Jeff Bezos, the renowned founder of Amazon.com Inc., has undertaken a significant divestment by selling 12...
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Stock Market Depreciates by N480.8 Billion on Profit-taking in Tier-1 Banks
The Nigerian stock market sustained its negative trend for the second consecutive day, witnessing a significant drop of N480.8 billion...
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BOI Announces N200 Billion Funding Initiative for Manufacturers and SMEs
The Bank of Industry (BOI) has unveiled plans to disburse a total of N200 billion across three funding categories aimed...
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Popular Story
World Bank Ties $500 Million Loan to Nigeria’s Reform Progress
Crude Oil Near $110 Puts Fresh Pressure on Petrol and Diesel Prices in Nigeria
Stanbic IBTC launches fintech subsidiary
FX Trading Falls 22% to $2.62 Billion as Forward Deals Plunge
Olam Group Cleared of Alleged $50 Billion Fraud Charges in Nigeria
