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Sunday, October 2, 2022

Nigerian Stock Market Investors Record N14bn Income

The stock market closed the session with a favourable trend, as it gained N14 billion on Wednesday after losing N15 billion on Tuesday. The All...

CBN Lends N9.3tn To Businesses, Reduces Intervention

The Central Bank of Nigeria (CBN) has lent N9.3 trillion to companies while reclaiming N3.7 trillion. Dr Yusuf Yila, CBN's Director of Development Finance,...

Dollar Peaks At N735 As Nigeria’s Political Campaign Starts

On Wednesday, the dollar reached N735 on the parallel market as political campaigning began in the country. Dollar prices have risen from N718-N720 to...

DMO: FG Borrows N1trn To Fund Petrol Subsidy Despite Warnings

The Debt Management Office (DMO), has revealed that the Federal Government had secured a N1 trillion credit facility to fund its petrol subsidy payments....

Money In Supply Rises To N49.36trn Despite FG Debt

The Central Bank of Nigeria (CBN) has revealed in its money and credit statistics that the economy's money supply (M3) has climbed to N49.36...

CBN Orders Banks To Fund Accounts, Raises CRR To 32.5%

The Central Bank of Nigeria (CBN) has directed all commercial banks to fund their accounts by Thursday in order to allow for liquidity mopping-up. The...

Interswitch Moves To Boost IGR In Northern States

Interswitch, a leading integrated payments and digital commerce firm, has announced that it is collaborating with Internal Revenue Services (IRS) in the Northern states...

John Musunga Joins Guinness Nigeria As New CEO

Guinness Nigeria has disclosed the appointment of John Musunga as its new Chief Executive Officer (CEO). The appointment follows the resignation of Baker Magunda...

Breaking News: CBN Pushes Interest Rate To 15.5%, Amid Rising Inflation

To combat growing inflation, the Central Bank of Nigeria (CBN) policy-setting council increased the monetary policy rate (MPR), which measures interest rates, from 14%...

Which Stock Is Best for Trade?

To become a successful trader, you need to understand the market to trade stocks. This means learning to find your stock ideas in everyday...

Nigeria’s Stock Market Gains 0.3% As New Week Begins

The NGX benchmark index finished at 49,189.32 points, up 0.3% on the day. As a result, the market's year-to-date (YTD) return increased to 15.2%...

SEC Urges Senate To Approve Bill To Curb Ponzi, Illegal Schemes

The Securities and Exchange Commission (SEC) of Nigeria has stated that the proposed Investments and Securities Bill (ISB) will prevent the rise of Ponzi/Pyramid...

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