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DECLINE IN NIGERIA’S PMI TO 51 IN FEBRUARY

2 March 2024-

During February, Nigeria observed a substantial deceleration in business operations alongside heightened inflationary pressures within the private sector, as unveiled by the latest Purchasing Managers’ Index (PMI) report from Stanbic IBTC Bank. The primary PMI plummeted significantly to 51 from January’s 54.5, albeit it sustained its…

CBN REVOKES LICENSES OF BDCs

2 March 2024-

The Central Bank of Nigeria (CBN) has made public its decision to revoke the licenses of 4,173 Bureau de Change (BDC) operators nationwide. In a statement issued by the Acting Director of Corporate Communications, Sidi Ali Hakama, the CBN clarified that the affected BDCs, enumerated on…

ABIMBOLA OGUNBANJO 1962-2024

2 March 2024-

The final rites for Abimbola Ogunbanjo, the esteemed Group Chairman of the Nigerian Exchange Group, were solemnized at the family homestead in Erunwon, situated within the Ijebuode local government area of Ogun State. The somber occasion drew together a gathering of family members, friends, business associates,…

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