Spotlight
Nigerian stocks surge fuels commission revenue growth as top brokers raked in N24.102 billion
The Nigerian stock market has shown remarkable resilience in the first 11 months of the year 2023 and is on...
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Naira sinks to all-time low of N1,099.05/$ in official market, raising concerns ahead of Christmas
The Nigerian Naira reached a new historical low on Friday, December 8th, 2023, closing at N1,099.05 per dollar in the...
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Drug imports in Nigeria rise by 68% by Q3 2023 over weak naira, GSK exit
Medications worth N81.81 billion were imported into Nigeria from July to September 2023.
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“Petrol truck cost has risen from N7 million in May to N25 million” – Akin Akinrinade
Petrol truck cost has risen from N7 million in May to N25 million right now. This is according to Akin...
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CBN extends timeline for issuance of letters of credit to five working days as FX crisis persists in Nigeria
The Central Bank of Nigeria (CBN) has extended the timeline for the issuance of letters of credits from 24 hours...
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Naira officially loses nearly a fifth of its value while black market shows stability
The naira lost nearly a fifth of its value as it traded at N951.2/$ on the official Investor and Exporter...
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TCN says 53 power projects worth N122 billion to be completed by May 2024
The Transmission Company of Nigeria and power distribution companies with support from the Central Bank of Nigeria (CBN) will finish...
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P&G to dissolve ground operations in Nigeria, revert to an import-only business model
Consumer goods giant Procter & Gamble has stated it plans to dissolve on-ground operations in Nigeria and turn its country...
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How Nigeria’s labour productivity ranking will impact Tinubu’s performance
As President Bola Tinubu endeavors to steer the Nigerian economy into a productive one over the next three years, there...
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Report reveals 90% of businesses were negatively affected by fuel subsidy removal
A new report reveals that 90% of businesses in Nigeria were negatively affected by fuel subsidy removal by President Bola...
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