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JunForeign Airlines unable to repatriate revenues, blames forex restriction
Recent report by IATA has revealed that foreign airlines are unable to repatriate their revenues of about $450 million. According to IATA, CBN restricted the funds to allow for foreign currency to be used for imports of essential goods and services as well as for investors looking to repatriate dividends. […]
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JunPetrol scarcity hits Lagos as diesel price skyrockets
Petrol scarcity has caused residents in Lagos to spend hours waiting on queues in filling stations at various locations in the state. The number of commercial vehicles plying the roads was less compared to a regular business day, leaving many passengers stranded at various bus stops. While some were forced[…]
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JunDangote Cement sheds weight, pushes NGXASI down by 1.97%
The Nigerian stock market on Monday further declined as Dangote Cement and other 30 stocks shed weight, pushing the All Share Index down by 1.97% to close at 50,756.74 points from 51,778.08 points recorded last Friday. The market capitalisation closed at N27.363 trillion, shedding 551 billion from N27.914 trillion recorded[…]
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JunQ2 2022 Earnings Forecast for Manufacturing Firms
Profit taking on the floor of the Nigerian Exchange in the past couple of days has brought prices of many stocks down, thereby creating new entry opportunities for discerning investors. In the last edition of this publication, we did Q2 earnings forecast for banking stocks. We shall continue our forecast[…]
