BUSINESS & ECONOMY

BUSINESS & ECONOMY

Nigeria's inflation rate
BUSINESS & ECONOMY COVER NEWSLETTER

The Consumer Price Index, (CPI) which measures inflation further increased to 11.98 percent (year-on-year) in December compared to 11.85 percent in the preceding month, according to the National ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

Profit-taking at the stock market continued Thursday, leading to a decline of 0.75 percent in the Nigerian Stock Exchange (NSE) All-Share Index to close at 29,062.50. Market capitalization ...
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Finance Bill
BUSINESS & ECONOMY COVER NEWSLETTER

Ahmed Idris, the accountant-general of the federation, says the implementation of the finance bill has begun. One of the provisions included in the finance bill is the increment ...
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Nigerian Stock Market
BUSINESS & ECONOMY COVER NEWSLETTER

The stock market traded bearish on Tuesday for the first time this year, as the All-Share index dropped by 1.18% to close at 29,283.25 index points leaving the equity market ...
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Dangote
BUSINESS & ECONOMY COVER NEWSLETTER

President of Dangote Group, Alhaji Aliko Dangote, has projected a turnover of $30 billion for his businesses in the next two years. According to him, though the company’s ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

The Central Bank of Nigeria (CBN) has made an intervention of $253.38million in the retail Secondary Market Intervention Sales (SMIS). CBN Director of Corporate Communications Department, Isaac Okorafor, ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

Renewed demand for shares by investors at the stock market continued yesterday, further lifting the total gains by N197 billion to hit N1.062 trillion since the beginning of ...
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Border Closure
BUSINESS & ECONOMY COVER NEWSLETTER

Insists country not ready for currency convertibility A member of President Muhammadu Buhari’s Economic Advisory Council (EAC), Mr. Bismarck Rewane, Thursday cautioned the federal government against allowing itself ...
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Nigerian Treasury Bills
BUSINESS & ECONOMY COVER NEWSLETTER

The latest data from the Central Bank of Nigeria reveals Nigeria’s 364-day treasury bills have fallen to 5.2%. This is the lowest we have seen in almost a ...
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Dangote Refinery
BUSINESS & ECONOMY COVER NEWSLETTER

Nigerian industrialist, Aliko Dangote, became $4.3 billion richer in 2019. Bloomberg reports that Mr Dangote’s fortune continued to grow following investments in cement, flour and sugar. Mr Dangote, ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

The country’s foreign reserves dropped by $4.45 billion from the $43.07 billion recorded in January 2019 to $38.61 billion in December 2019, a Central Bank of Nigeria’s data revealed. The data ...
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Lagos State
BUSINESS & ECONOMY COVER NEWSLETTER POLITICS & GOVERNMENT

Lagos state government is to spend N1.168 trillion in 2020. Governor Babajide Sanwo-Olu signed the Appropriation Bill on this into law yesterday. The budget which stood at N1.168, ...
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FIRS
BUSINESS & ECONOMY COVER NEWSLETTER

The Federal Inland Revenue Service (FIRS) yesterday announced a new Tax Clearance Certificate (TCC) regime. In a public notice signed by its Chairman, Mr. Muhammad Nami, the service ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

The Central Bank of Nigeria (CBN) has ruled out the possibility of devaluing the naira next year, expressing optimism that crude oil prices will remain stable in the ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

Nigeria’s total non-oil receipt increased by 16.7 percent to N369.84 billion in November, up from the N316.79 billion realized the previous month. This formed part of the Central ...
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AfDB
BUSINESS & ECONOMY COVER NEWSLETTER

The President of Africa Development Bank (AfDB), Dr. Akinwumi Adesina, Saturday in Abuja, disclosed that the apex African Bank actually supported Nigeria out of recession in 2017 by ...
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Fitch Ratings
BUSINESS & ECONOMY COVER NEWSLETTER

Fitch Ratings has revised the outlook on Nigeria’s long-term foreign currency issuer default rating (IDR) to ‘Negative’ from ‘Stable,’ but affirmed the country’s rating at ‘B+’. This comes ...
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Stock Market
BUSINESS & ECONOMY COVER NEWSLETTER

Activities on the Nigerian Stock Exchange (NSE) maintained a downward slide on Friday with the market indicators depreciating further by 0.22 percent. Specifically, the market capitalization shed N28 ...
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2020 Budget
BUSINESS & ECONOMY COVER NEWSLETTER

Sets aside N1.6bn for national grazing reserve devt Allays fears on TIN enforcement The federal government Thursday signified its intention to start the implementation of the 2020 Budget, ...
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FG
BUSINESS & ECONOMY COVER NEWSLETTER

Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning said the Federal Government has pegged oil production at 2.18 Million Barrels Per Day (MBPD) in the ...
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