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Nigeria today secured a major boost in global investor confidence as S&P Global Ratings upgraded the country’s sovereign credit rating to ‘B’ from ‘B-’, citing improvements in macroeconomic stability, foreign exchange reforms and stronger oil sector performance.
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The equities market extended its bearish trend on Friday, shedding N1.226 trillion as investors recorded losses in major stocks.
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By Mathew Johnson The Tincan Island Port Command of the Nigeria Customs Service (NCS) has handed over a major seizure of illicit substances valued at N16. 7 billion to the National Drug Law Enforcement Agency (NDLEA), following a successful joint intelligence-led operation. Speaking during the handover ceremony at the Command, the Customs Area Controller, Tincan Island […]
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By Yinka Kolawole, with agency report The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, are planning to continue a gradual increase in oil production quotas with a target of fully restoring a 1.65 million barrels-per-day output cut introduced in 2023 by September this year. According to a Bloomberg report yesterday, the alliance […]
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