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Home » Highlights » Market Highlight: Vol. 89

Market Highlight: Vol. 89

  • Geregu Power shareholders approve N20 billion dividend.
  • NGX All-Share Index surges by 39.84% in Q1 2024.
  • CBN increases the capital base for banks in Nigeria; mega banks shall be valued at N500 billion, and smaller banks at N200 billion.
  • MTN Group will invest $1.8 billion in data and fintech services in 2024.
  • CBN sells dollars to BDCs at N1,251/$1 as the naira regains strength.
  • Dangote Refinery will reduce Africa’s $17 billion in European oil imports and undercut foreign refineries – Reuters.
  • Custom FX rate for cargo clearance drops by N124 to N1,448/$.
  • FG directs banks to deduct 0.375% stamp duty charges on all loans.

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