Hot money inflows in Nigeria near six-year high
Foreign portfolio investment, also known as hot money, rose last month to the highest in nearly six years as the
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New oilfield begins production in Nigeria
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its joint venture partner in OML 85, First Exploration and Petroleum
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Naira breaks one-month winning streak, weakens on official market
The Nigerian currency fell against the dollar on Thursday for the first time in one month, reversing some of its
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Transcorp Hotels exits Calabar business
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has announced the divestment of its 100 percent interest in
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IMF sees turnaround in investor appetite for Africa
The International Monetary Fund has said it sees a turnaround in investor appetite for Africa after years of turmoil. Daniel
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Naira extends gain against dollar despite forex liquidity drop
The naira gained further last week despite the over 50 percent decline in liquidity in the foreign exchange market. The
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Nigerian stock rally loses steam after bumper rate hike
The rally in the Nigerian stock market has hit a speed bump after two straight hikes in interest rates by
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Electricity customers wrongly billed at new rate to get refund – NERC
The Nigerian Electricity Regulatory Commission (NERC) has said all customers wrongly billed at the new rate should be refunded through
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Naira sinks to 1,665/$ on official market as liquidity dips
The naira closed at a new record high of 1,665.50 per dollar on the official foreign exchange market on Friday
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CBN wants BDCs to request BVN, passport, others for dollar sales
The Central Bank of Nigeria has released a draft revised guidelines for Bureau de Change operations that will require BDCs
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