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IMF wants Nigeria to stop Tax Holidays.

The International Monetary Fund has advised the Federal Government to urgently revisit tax holidays and exemptions given to companies. It specifically urged Nigeria to implement a reform that [...]

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CBN Rules out Naira fall as External Reserves hit $34bn.

The Nation’s external reserves have hit $34bn from $33.6bn attained on October 25 2017, the Central Bank of Nigeria has stated. The reserves have been appreciating very fast after hitting $32bn [...]

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STOCK MARKET REPORT FOR October 8TH, 2017

A total turnover of1.394 billion shares worth N16.403 billion in 19,195 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 872.892 million shares [...]

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Stability Returns to Inter-bank Market on FAAC Inflow.

The overnight tenor of the Nigerian Inter-Bank Offered Rate (NIBOR) reduced to 101 per cent yesterday, compared with the 120.08 per cent it closed the previous day, signaling an improvement in [...]

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Don’t Expect Commodity Shake-up Next Year, World Bank tells Nigeria

The World Bank says the big drop in export commodity prices that led to significant economic shocks last year in commodity exporting countries including Nigeria may not occur in 2018. According [...]

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Ease of Doing Business: CAC Sensitises Public on Reform Initiatives

As part of efforts towards deepening communication with its customers, the Corporate Affairs Commission (CAC) has embarked on sensitisation visits to key cities in Nigeria. The sensitisation [...]

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Experts Opt for Local Currency Deals in Infrastructure Financing.

  Capital Market Stakeholders have renewed call for Government to accelerate economic growth through mobilization of domestic currency financing for infrastructure and other capital projects from [...]

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STOCK MARKET REPORT FOR OCTOBER 20TH, 2017

A total turnover of 872.892 million shares worth N14.016 billion in 19,047 deals were traded this week by Investors on the floor of the Exchange in contrast to a total of 1.555 billion shares [...]

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Nigeria sells Treasury Bills to keep Naira Liquidity Tight.

The Central Bank of Nigeria sold N98bn of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned N133.25bn of T-bills, traders said. The local [...]

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Nigeria Lowers 2017 Economic Growth Forecast — Report

Nigeria has revised down its forecast for 2017 economic growth to 1.5 per cent from 2.19 per cent, according to a document reportedly seen by Reuters on Thursday. The report said oil production, [...]

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