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BUSINESS & ECONOMY

BUSINESS & ECONOMY

Stanbic IBTC Bank PLC
BUSINESS & ECONOMY NEWSLETTER

Nigerian businesses need to prepare and brace themselves for a highly challenging period ahead as the coronavirus pandemic disrupts day-to-day life and commerce. This follows the Federal and ...
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MPC Meets Monday
BUSINESS & ECONOMY COVER NEWSLETTER

Opportunity widens for investors as stock prices decline 40% Financial market analysts are anticipating a reduction in the benchmark Monetary Policy Rate (MPR) by the Central Bank of ...
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MPC Meets Monday
BUSINESS & ECONOMY COVER NEWSLETTER

Governor of the Central Bank of Nigeria, Mr Godwin Emefiele on Saturday clarified that the recent jump in the foreign exchange rate to N380 to a dollar is ...
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ASI down by 3.12 percent
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian local bourse on Thursday lost all the gain recorded in Wednesday’s session to return to the bearish territory as it dropped by 3.12%, costing investors to shed N370 ...
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ABCON
BUSINESS & ECONOMY COVER NEWSLETTER

The Association of Bureaux De Change Operators of Nigeria (ABCON) has assured members of the public of continued dollar sale at the official price. The association stated this ...
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CBN Adjusts Official Exchange Rate
BUSINESS & ECONOMY COVER NEWSLETTER

The Central Bank of Nigeria (CBN) on Wednesday announced the injection of an additional N1 trillion across all critical sectors into the economy. The fund is to boost ...
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ASI down by 3.12 percent
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian Stock Exchange made an 84 billion Naira or 0.71 percent loss, when the Market Capitalisation fell from 11,832 trillion Naira and stood at 11,748 trillion Naira ...
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Nigeria's Inflation rate
BUSINESS & ECONOMY COVER

The consumer price index, (CPI) which measures inflation increased by 12.20% (year-on-year) in February 2020. This 0.07% higher than the rate of 12.13% recorded in January 2020. The ...
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Nigerian Stock Market
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian equities market began this week’s trading activities on a bearish note, with the benchmark index declining by 0.12 percent. The All-Share Index declined by 0.12 percent ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

Cuts intervention loans rate to 5% Directs banks to restructure tenor Creates N50bn credit support for healthcare industry The Governor of the Central Bank of Nigeria (CBN), Mr. ...
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FG
BUSINESS & ECONOMY COVER NEWSLETTER

$220m for railway projects Still consulting on petrol price reduction The committee set up by President Muhammadu Buhari on Monday to review the impact of Coronavirus on the ...
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Bureau De Change
BUSINESS & ECONOMY COVER NEWSLETTER

The Central Bank of Nigeria (CBN) is coming hard on Bureau De Change (BDC) operators over various infractions in the foreign exchange market. Over 100 BDC operators were fined N5 ...
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CBN Adjusts Official Exchange Rate
BUSINESS & ECONOMY COVER NEWSLETTER

CBN last night insisted that news making the rounds that it was about to devalue the naira was untrue. The central bank, which disclosed this in a statement, ...
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ASI down by 3.12 percent
BUSINESS & ECONOMY COVER NEWSLETTER

The sell-offs witnessed in the Nigerian bourse persisted on Thursday, as the All-Share index fell by 3.72 percent to close at 22,695.88. Investors lost about ₦456.96 billion, as market ...
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Naira xchange Rate
BUSINESS & ECONOMY COVER NEWSLETTER

Naira dipped significantly against the US Dollar at $1/₦380 in the parallel market, indicating ₦5 (1.3%) loss compared to $1/₦375 recorded yesterday. The currency also lost against Pounds ...
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Dollar Scarcity
BUSINESS & ECONOMY COVER NEWSLETTER

Bureaux de Change operators in the country have begun to experience dollar scarcity as market speculators have begun to stock up their dollar reserves. Naira is now trading ...
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Dangote
BUSINESS & ECONOMY COVER NEWSLETTER

Popular business mogul and the Chairman of Dangote Group, Aliko Dangote has called for more seriousness in handling diversification of Nigeria’s economy. The tycoon disclosed this on Wednesday ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

In view of the prevailing fears of Coronavirus outbreak, the Central Bank of Nigeria (CBN) has advised Nigerians to forego cash transactions and adopt alternative payment methods like ...
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2020 Budget
BUSINESS & ECONOMY COVER NEWSLETTER

The federal government Wednesday allayed fears of an economic crisis in view of the effects of the crash in global oil prices and the Coronavirus epidemic on the ...
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CBN Adjusts Official Exchange Rate
BUSINESS & ECONOMY COVER NEWSLETTER

The Central Bank of Nigeria (CBN) has extended the Nigeria Uniform Bank Account Number (NUBAN) Other Financial Institutions (OFIs) under its regulation. The Bank disclosed this in a ...
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