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Stock Market Kicks Off On The Positives

Stock Market Kicks Off On The Positives

🕔07:21, 6.Dec 2016

This week poses to be a positive one in the Nigeria Stock Exchange (NSE) after it recorded a marginal gain of 0.008 in the overall market performance on Monday. This is followed by the gain in the market which ended

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Nigeria’s Foreign Reserves Increase By $318 Million In One Week

Nigeria’s Foreign Reserves Increase By $318 Million In One Week

🕔18:47, 5.Dec 2016

Nigeria’s foreign exchange reserves went up by $318 million in seven days despite pressure on forex due to high demand, reports say. The increase which is being experienced over the last five weeks now amount to $24.82 billion, from $24.49

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Inflation: CBN Reduces Volume Of Money In Circulation

Inflation: CBN Reduces Volume Of Money In Circulation

🕔07:31, 5.Dec 2016

In a bid to curb the current inflation in the country, the Central Bank of Nigeria (CBN) has reduced the volume of money in circulation. The CBN with the use of Open Market Operations, mopped out N8.3 billion in circulation

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Stock Market Recovers From Loss

Stock Market Recovers From Loss

🕔08:24, 2.Dec 2016

The Nigerian Stock Exchange (NSE) yesterday recorded a gain of 0.09 percent at the close of the market. The NSE had recovered ‎from days of losses following appreciable demand by investors who are taking advantage of low prices of stocks.

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N117bn Treasury Bills Sold–CBN

N117bn Treasury Bills Sold–CBN

🕔07:58, 2.Dec 2016

Data from the  Central Bank of Nigeria (CBN) yesterday shows that it sold N117.16 billion in short-dated treasury bills at an auction on Wednesday. The apex bank  sold N26.14 billion worth of the 3- month paper at 13.99 per cent,

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Why Nigeria Will Not Get Out Of Recession Soon-CBN

Why Nigeria Will Not Get Out Of Recession Soon-CBN

🕔10:04, 1.Dec 2016

The Central Bank Of Nigeria(CBN) has on Wednesday giving reasons why the nation might not get out of the grip of recession as soon as possible. The Director of Policy of the CBN, Moses Tule who spoke at the Chartered

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FG To Revive Economy With MSMEs

FG To Revive Economy With MSMEs

🕔08:40, 30.Nov 2016

The Central Bank of Nigeria has vowed to revive the nation’s economy by empowering the youths through its Micro, Small and Medium Enterprises Development Fund initiative. In a statement by Branch Comptroller, CBN, Osun State, Mrs. Oluyemisi Adebayo, at the

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Interest Rates Unfavourable, MAN Cries Out

Interest Rates Unfavourable, MAN Cries Out

🕔07:16, 29.Nov 2016

The Manufacturers Association of Nigeria (MAN) yesterday urged the Central Bank of Nigeria (CBN) to reduce its interest rates in order to help the sector in its production. MAN said the current Monetary Policy Rate (MPR) at 14 per cent

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SEC settles N29.2b out of N80b unclaimed dividends

SEC settles N29.2b out of N80b unclaimed dividends

🕔07:37, 28.Nov 2016

The Securities and Exchange Commission (SEC) has reportedly settled N29.2 billion from its N80 billion outstanding dividends after embracing the e-dividend system it introduced. In addition, about 1.4 million investors have keyed into the system between November 2015 and October

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