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Rise in Crude Oil Prices Boosts FAAC Disbursement to N6.418 Trillion

The Federation Account Allocation Committee (FAAC), disbursed a total sum of N6.418Trillion in 2017, representing an increase of 25.8 per cent, and 6.8 per cent when compared to the N5.1Trillion [...]

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DMO Bond Auction Raises N80bn

The Debt Management Office raised N79.62Bn ($260.20M) at an auction of Government bonds on Wednesday, 21st of February 2018; less than it originally planned, after it got fewer subscriptions for [...]

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How MSMEs Can Access DBN Funds — Okpanachi

Managing Director of Development Bank of Nigeria (DBN), Tony Okpanachi, has been counseling owners of Medium, Small and Micro Enterprises (MSMEs) in Nigeria on how to access funds from the bank. [...]

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Naira Appreciates Further to N360.25/$ in I&E

The Naira on Tuesday, 20th of February 2018 appreciated further to N360.25 per Dollar in the Investors and Exporters (I&E) window of the Foreign Exchange market. Data from the Financial [...]

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Reps Move to Legalize Excess Crude Account

The House of Representatives on Tuesday, 20th of February 2018 moved to legalize the controversial Excess Crude Account by proposing a bill to capture all excess revenue in a new account to be [...]

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Nigeria, SSA Countries’ Debts Rise By 550% to $200bn – Report

The total borrowing from the international debt markets by Nigeria and other countries in the sub-Saharan African countries has jumped to over $200Bn, from $30Bn in 2007, data from the Bank for [...]

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Firms to Trade at One Kobo as NSE Begins New Pricing Rules

The Nigerian Stock Exchange (NSE) is to begin the implementation of new pricing rules that will remove the stopgap that has supported stocks at their nominal value. The new rules will allow [...]

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STOCK MARKET REPORT FOR FEBRUARY 16TH, 2018

A total turnover of 2.940 billion shares worth N27.924 Billion in 28,570 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 4.426 billion shares [...]

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More Woes as USA, Others Set to Abandon Nigeria’s Oil

There are indications that the United States and other Nations will soon abandon Nigeria’s Oil, which may negatively affect the Nation’s revenue generation. According to the Energy Information [...]

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NITDA to Issue New Guideline on Data Protection Soon

The National Information Technology Development Agency is in the process of issuing a new guideline on data protection, the Director-General of the agency, Dr. Isa Ibrahim, has said. In a [...]