Despite uncertainties building up to the 2023 elections, Nigeria’s stock market surprisingly closed the last trading day of the month in the green as investors continued to defy the weak macroeconomic environment. Although analysts had predicted that the market would not be affected by the tension during the trading month,
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The naira yesterday hit a new all-time low of N365.25 to the dollar at the interbank foreign exchange market in a single interbank market trade of $1 million, before the naira finally stabilsed at N318.00 to the dollar. This is as the Debt Management Office raised N219.58 billion in local
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The Central Bank of Nigeria (CBN) has debunked reports that it has liquidated a deposit money bank even as it reiterated that Skye bank which recently had a change in board and management was distressed. The apex bank in a statement signed by the acting director, Corporate Communications Department, Issac Okoroafor,
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The National Pension Commission(PENCOM) is currently compiling list of companies and organizations defaulting in remitting employees contributions to Pension Fund Administrators (PFA's). The Commission also said it would involve the Economic and Financial Crimes Commission(EFCC) and other law enforcement agencies to prosecute defaulters. The Director-General of PENCOM,Mrs Chinelo Anohu-Amazu, who disclosed these
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Ugandan President Yoweri Museveni surprised residents of Kyeirumba village with a roadside phone call using a cheap ' kabiriti' on Monday. He sat on a chair by the road and spoke on the phone for about 30 minutes, as his security detail waited. He directed the officers not to block traffic. Museveni
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The Federal Ministry of Education and other stakeholders in the tertiary education sub-sector have agreed on N2,500 as the fee for post-Unified Tertiary Matriculation Examination (UTME) screening. This is contained in a statement issued by Prof. Michael Faborode, the Secretary-General, Association of Vice-Chancellors of Nigerian Universities (AVCNU) in Abuja. Faborode said the
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… Nigerian Universities missed first 1000The Times Higher Education has released the ranking for best global universities on Monday July 11. The ranking is based on University core missions - teaching, research, knowledge transfer and international outlook. The top universities rankings employ 13 carefully calibrated performance indicators to provide the most
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