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Quick Take: NNPC income and subdued FAAC remittance

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SAT 07 AUG, 2021-theGBJournal- The Nigerian National Petroleum Corporation (NNPC) is set to withhold NGN117.41 billion from the three tiers of government this month...

Money Market: CBN set to roll over N51.49 billion at T-bills...

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SAT 07 AUG, 2021-theGBJournal- The overnight (OVN) rate expanded by 12.75ppts w/w to 20.5%. The rate remained in the single-digit territory through most part...

FX Watch: Reserves at $33.54 billion, closing higher for the third...

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SAT 07 AUG, 2021-theGBJournal- Nigeria’s FX reserves closed higher for the third consecutive week, as the gross reserves position increased by USD137.23 million w/w...

Equities: All-Share Index advanced by 0.7% w/w after corporate earnings bolstered...

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SAT 07 AUG, 2021-theGBJournal- In line with our expectations, positive sentiments returned to the local bourse this week as the gradual release of corporate...

Nigerian businesses have improved gender equality but more must be done,...

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FRI 06 AUG, 2021-theGBJournal- Nigerian companies scored better than global averages for some aspects of women’s participation in the workforce, but will need to...

Markets Brief: Bond average yield unchanged at 11.9%, Naira gains 0.4%...

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WED 04 AUG, 2021-theGBJournal- The naira was flat at NGN411.50/USD at the I&E window but appreciated by 0.4% to NGN506.00/USD in the parallel market. The...

Nigeria picks eight advisers for Eurobonds issuance

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By Audrey Lotechukwu WED 04 AUG, 2021-theGBJournal- The Federal Executive Council (FEC) today approved eight institutions that will be Transaction Advisers for the issuance of...

Fitch Ratings puts focus on positive long-term effects of the Petroleum...

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WED 04 AUG, 2021-theGBJournal- Fitch Ratings- The passage of Nigeria’s proposed Petroleum Industry Bill (PIB) could have positive long-term effects for both Nigeria’s public...

FG rewards young innovators of the Sensebox and Aquabot device built...

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WED 04 AUG, 2021-theGBJournal- Ministry of Science, Technology and Innovation has granted the sum of Five Million naira, to students of Marist College Yangoji...

Analysis: The mystery of Nigeria’s falling reserves

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WED 04 AUG, 2021-theGBJournal- The Central Bank of Nigeria (CBN) on 27 June decided to discontinue supplying Bureau De Changes (BDCs) with FX and...