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21M AFRICANS SHOPPED ONLINE IN 2017, SAYS REPORT

According to recent figures from the United Nations Conference on Trade and Development (UNCTAD) approximately 21 million shoppers in Africa in 2017 helped drive a market valued at US$5.7 billion [...]

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NSE: INDICES DOWN BY 0.86% AFTER CHRISTMAS BREAK

Activities on the Nigerian Stock Exchange (NSE) resumed on Thursday on a downward trend after a two-day holiday to observe Christmas and Boxing Day celebrations. The crucial market indices [...]

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NAIRA STABLE AT N362.5 /$ IN PARALLEL MARKET

The Naira, yesterday, was stable at N362.5 per Dollar in the parallel market. However, the Naira appreciated by 18 kobo in the Investors and Exporters (I&E) window due to an eight percent [...]

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SEC MOVES TO TACKLE IDENTITY THEFT, PROTECT INVESTORS AGAINST LOSS

THE Securities and Exchange Commission, SEC, yesterday, disclosed that it has set up a committee to tackle the issue of identity theft in the capital market. Mary Uduk The Acting Director [...]

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OIL PRICE DROPS TO $50 P/B, $10 BELOW 2019 BUDGET BUDGET BENCHMARK

The price of crude oil, yesterday, dropped to $50.00, showing $10 below Nigeria’s $60 per barrel 2019 budget benchmark in the volatile global market. The price of Brent, West Texas Intermediate, [...]

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OIL PRICES RISE AFTER CHRISTMAS EVE PLUNGE

Crude oil prices rose on Wednesday after the markets were closed in the previous day, fueled by a belief that worries about a slowing global economy and weakening oil demand may be overblown. As [...]

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NNPC POSTS N9.85BN TRADING SURPLUS IN ONE MONTH

The Nigerian National Petroleum Corporation on Wednesday announced a trading surplus of N9.85bn for the month of September 2018, a figure which is higher than the previous month’s deficit of [...]

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2019 BUDGET: FG TO SPEND N42BN ON SPECIAL ECONOMIC ZONES

The Federal Government is planning to spend about N42bn for the rehabilitation of special economic zones in the 2019 fiscal period. The amount is contained in the 2019 budget proposal, which was [...]

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COST OF FUNDS TO FALL AS N1.36TR INFLOW BOOSTS INTERBANK LIQUIDITY

In spite of the increased aggressive liquidity mop up by the Central Bank of Nigeria, CBN, cost of funds is expected to fall further this week in response to inflow of N1.36 trillion into the [...]

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CBN TO BOOST DOMESTIC CREDIT WITH TECHNOLOGY

The Central Bank of Nigeria plans to boost development of domestic credit in the country. “The bank will explore the possibility of leveraging technology to enhance credit to critical sectors of [...]