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CBN MOVES TO IMPROVE CREDIT ALLOCATION

The Central Bank of Nigeria has expressed its commitment to improve credit allocation in the economy. The Apex Bank stated that this was part of its long-term strategy for strengthening the [...]

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97 NIGERIAN FIRMS LISTED AMONG COMPANIES TO INSPIRE AFRICA

The London Stock Exchange Group, on Wednesday, launched the second edition of its ‘Companies to Inspire Africa’ report, with Nigeria having the single largest representation. Nigeria and Kenya [...]

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INVESTORS GAIN N120.5BN AS STOCKS RISE FURTHER

Investors in the nation’s stock market gained N120.5bn on Wednesday as the market sustained its bullish run for five consecutive days. The market capitalisation of equities listed on the Nigerian [...]

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WHY NIGERIANS ARE NOT FEELING IMPACT OF ECONOMIC GROWTH — DG BUDGET

The Director-General, Budget Office of the Federation, Mr Ben Akabueze, on Wednesday explained why Nigerians were not feeling the real impact of the positive economic growth rate on their lives. [...]

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‘CONSUMERS’ SPENDING DURING CHRISTMAS PUSHED INFLATION RATE TO 11.44%’

The National Bureau of Statistics on Wednesday said the Consumer Price Index, which measures inflation, increased to 11.44 per cent (year-on-year) in December from 11.28 per cent in the preceding [...]

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18 FIRMS FAIL NSE’S LISTING REQUIREMENT

Eighteen quoted companies have less than the required minimum volume of shares for public trading at the stock market. A report by the Nigerian Stock Exchange (NSE) at the weekend indicated that [...]

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NIGERIA SHOPS FOR PRIVATE SECTOR INVESTMENT IN ICT PARK

The Federal Government has started shopping for private sector investment for the actualisation of Abuja National ICT Park. It said the Park will create a platform for the acquisition of ICT [...]

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FIRM DEVELOPS APP TO CHECKMATE ELECTION RIGGING

A Kaduna based computer firm, Hephzibah Integrated Technologies Limited, has developed an application that will help in checkmate rigging and other irregularities during the 2019 general [...]

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WHY WE ARE SUPPORTING MSMES WITH VARIOUS INTERVENTION SCHEMES

Vice President Yemi Osinbajo, has said Micro, Small, Medium Enterprises (MSMEs), are the most important business component for economic growth and there should be supported for growth, Osinbajo [...]

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AVERAGE PRICE OF PETROL DROPS TO N145.80 PER LITRE — NBS

THE National Bureau of Statistics, NBS report, released yesterday, showed that the average price paid by consumers for premium motor spirit (petrol) decreased by -15.1% year-on-year and -1.1per [...]