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Economy

Bad News: Nigerian Stock Market Loses N196 Billion In Reaction To Buhari’s Re-election

Trading on the Nigerian Stock Exchange, NSE, on Thursday, February 28, 2019 continued to react negatively to the outcome of the presidential election with...

Buhari Victory: Nigerian Stock Market Loses N85 Billion In 6 Hours

The market capitalisation of listed equities on Tuesday, February 26, 2019 shed N85 billion in six hours of trading to what traders attributed to...

Hardship Under Buhari: 47 Million Bank Accounts Abandoned By Owners In Nigeria

More Nigerians have abandoned their bank accounts majorly due to economic hardship caused by sluggish economic growth, rising job losses and reduction in purchasing...

Buhari Government Borrows N1.16 Trillion From Equity Market

To finance its fiscal and infrastructure deficits owing to paucity of funds, the Federal Government had borrowed about N1.16 trillion from the equities market...

Nigeria’s Central Bank Provides Fiscal Stimulus For Forex Market

The Central Bank of Nigeria, CBN, was recently forced to intervene in the interbank foreign exchange market, providing additional fiscal stimulus to the tune of $210...

What Is Happening To The Currency Market In Nigeria?

The past twelve months have been rather interesting for the forex market in Nigeria. Over the course of the year, various changes have taken...

Oil Prices Fall As OPEC Meeting Begins

Oil prices fell along with weak stock markets on Thursday, December 6, 2018, but trading was tepid ahead of a meeting by the Organisation...

Buhari Times: World Bank Rates Nigeria’s Nigeria’s Economy Low

The World Bank has said that Nigeria’s Gross Domestic Product, GDP, growth is expected to hover slightly below two per cent in 2018, largely...

3 Modular Refineries To Begin Operations In 2019 — Kachikwu

Ibe Kachikwu, the minister of state for petroleum resources, has said there are strong indications that three out of the 40 planned modular refineries...

$3.2 Billion Withdrawn From NLNG Dividend Account In 3 Years – CBN

The Central Bank of Nigeria, CBN, says 22 withdrawals totalling $3.12 billion were made from the Nigerian Liquefied Natural Gas, NLNG, dividends account domiciled...

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