Naira strengthens steadily against Dollar
The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market. Data from the Central Bank of…
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ECOWAS Bank disbursed $2.5bn for 300 projects since inception —President
The ECOWAS Bank for Investment and Development (EBID) has disbursed more than 2.5 billion dollars supporting about 300 projects across the ECOWAS subregion since its inception in 1999. EBID President,…
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Tinubu to NNPCL Board: You’re among the best industry can offer
,,,,,,charges members to turn economy around President Bola Tinubu has urged the new Nigerian National Petroleum Company Ltd. (NNPCL) board to consolidate the gains of the ongoing economic reforms, which…
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First Bank reiterates commitment to raw materials devt
The First Bank of Nigeria Plc, says it is committed to supporting the development of sustainable financial models to drive the development of raw materials in African. The Managing Director/CEO…
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Lagos Gov Sanwo-Olu, Minister urge support for SMEs
Lagos State Governor Babajide Sanwo-Olu has said that Nigeria would accelerate its journey toward shared prosperity by diversifying its economy from oil and developing its local manufacturing sector. The governor…
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LCCI urges CBN to indicate cautious future rate cuts
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to take a cautious stance on monetary policy while providing clear signals of potential…
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CBN retains headline lending rate at 27.5 per cent
For the first time since February 2024, the Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27.5 per cent. CBN Governor Yemi Cardoso announced the…
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Stock market sheds N8bn on profit-taking
The stock market began the week with a slight downturn on Monday, as key performance indicators dipped by 0.01 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation decreased…
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Dangote to NSE: Scale of refinery more than our expectations
Africa’s richest man and industrialist, Alhaji Aliko Dangote, has expressed commitment to empowering Nigerian engineers and building local capacity through large-scale industrial projects. Dangote gave the assurance while receiving a…
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Naira ends week strong against Dollar
The Naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign exchange market. It appreciated to N1,598.72 against the US Dollar,…
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