Business and Finance
CBN allays fears over falling external reserves, capital outflows
The Central Bank of Nigeria has said the recent decline in the nation’s foreign exchange reserves and capital outflows from...
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Stocks extend losses as emerging markets tumble
The nation’s stock market extended losses for the ninth session on Wednesday as investors sold off shares from the relatively...
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CBN injects fresh $210m into forex market
The Central Bank of Nigeria on Tuesday injected $210m into the interbank foreign exchange market. The CBN said in a...
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Stock market year-to-date decline worsens to 7.4 percent on weak investor appetite
The year-to-date decline of the Nigerian Stock Exchange (NSE) All-Share Index worsened to 7.4 per cent yesterday as the stock...
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Dangote refinery to save $7.5bn through import substitution
The construction of the 650,000 barrels of crude oil per day Dangote Refinery is expected to help Nigeria save over...
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MSMEs inability to access N220 billion fund worries central bank
The Central Bank of Nigeria has expressed displeasure over the non-accessibility of the Micro, Small and Medium Enterprises (MSMEs) N220billion...
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Naira appreciates to N361.96/$ in I&E window
THE Naira, yesterday, appreciated to N361.96 in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative...
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Stock prices retreat as NSE 30 operating margins drop
Stocks continued its downward march on Friday as operating margin reported in second quarter results show a marginal decline for...
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CBN releases lower naira notes to traders
The Central Bank of Nigeria says it has begun the disbursement of lower denomination of naira notes directly to the...
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