Business
Dangote Cement Leads Decliners, with the NGX Down by over N500 billion
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 196...
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CBN’s Policies Damaging Nigeria’s Business Environment – World Bank
The World Bank has stated that the Central Bank of Nigeria’s (CBN) multiple exchange rates, trade restrictions, and the financing...
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Foreign Airlines Kick as FG Blocks $450m Ticket Revenue
The International Air Transport Association (IATA) has expressed concern over the decision by the Federal Government of Nigeria to block...
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Retail Price For Petrol Increases To N173.08 In May – NBS
The National Bureau of Statistics (NBS) says the average retail price paid by consumers for Premium Motor Spirit (Petrol) increased...
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Customs Intercepts N126m Worth of Contrabands in 6 months
Nigeria Customs Service (NCS) intercepted contraband goods worth N126 million between January and June, this year, 2022. Addressing newsmen in...
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Effect of the US Interest Rate Hike on Nigerian Economy
The US FED’s hawkish stance to stamp out rising inflation is likely going to cause some trouble for emerging markets...
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Naira Falls at Official Market Despite Improved Forex Liquidity
The exchange rate between the naira and the US dollar closed at N420.5/$1 at the Investors and Exporters (I&E) window....
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Nigeria Passenger Traffic to Grow at 7% in 10 years
Analysts have projected that Nigeria’s passenger traffic will exceed that of the global aviation sector with about a seven per...
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Emefiele, Sanwo-Olu Seek Adjustment, Complementary Policies to Stabilise FX Market
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday, called for the “design and steadfast implementation of...
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Forex Turnover Records Marginal Increase as Exchange Rate Appreciates Slightly
The exchange rate between the naira and the US dollar closed at N420/$1 at the Investors and Exporters (I&E) window....
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