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Foreign reserves gained $1.85bn in one month – CBN April 18, 2019

The nation’s foreign reserves rose by $1.85bn to $44.728bn as of April 12 from $42.87bn in March 12, according to latest statistics from the Central Bank of Nigeria. Read more

Fuel will continue to sell for N145 per litre –NNPC April 18, 2019

Despite increased landing cost of petroleum products, Premium Motor Spirit will continue to sell at N145 per litre, the Nigerian National Petroleum Corporation has said. Read more

Foreign investors withdraw N94bn from stock market in 2 months April 18, 2019

Foreign investors have withdrawn N94.09 billion from the Nigerian stock market in the first two months of the year as the equities market continues to tumble. Read more

Subsidy removal: We’re yet to find formula that works ― Finance Minister April 18, 2019

MINISTER of Finance, Hajia Zainab Ahmed, on Wednesday said that Nigeria has not found a formula that works, hence, it would not contemplate exiting from the subsidy regime. Read more

IMF lays out policies for economic recovery for Nigeria, Sub Saharan African countries amid uncertainties April 15, 2019

Nigeria and other Sub-Saharan African countries economic recovery continues, but there are considerable differences in countries’ growth prospects, the International Monetary Policy, IMF has said. Read more

External reserves to hit $45bn as dollar inflow from FPIs continues April 15, 2019

THE nation’s external reserves are set to hit six months high of $45 billion before the end of this month as foreign portfolio investors, FPIs, sustained dollar injection in a bid to take advantage of the double-digit interest rate on Nigeria’s fixed income instruments. Read more

Equities pricing: Analysts differ on market direction April 15, 2019

AS the equities market continues to tumble, investment analysts have expressed differing opinion on the outlook for the market. Read more

MTN still in the process of becoming public liability company – SEC April 15, 2019

Ms Mary Uduk is the Acting Managing Director of the Securities and Exchange Commission, SEC.Read more

AMEN appeals to FG to create entrepreneurial bank April 8, 2019

The Association of Micro Entrepreneurs of Nigeria, AMEN, has called on the government to establish an entrepreneurial bank saying that Micro Small and Medium enterprises could not access credit due to stringent criteria for loan assessment in commercial banks and microfinance banks. Read more

NNPC, Oil Marketers Strengthen Partnership on Petrol Supply April 2, 2019

The Nigerian National Petroleum Corporation (NNPC) disclosed yesterday that has strengthened its partnership with oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN) to ensure seamless supply of petroleum products across the country. Read more

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