Business News Digest (29.08.2023)

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▪️ Naira Tumbles Across FX Markets as External Reserves Dip

▪️ Banks, 18 others, fined N125m for late filings

▪️ Food, textile, 24 sectors lost over N1tn in Q2 – NBS

▪️ Nigeria’ll Not Sustain Failed Economic Theory- Tinubu

▪️ Benchmark Yield Dips after Investors Stake N1.54trn on T-Bills

▪️ Dangote Sugar Attracts Attention, Gains 36% Amid Merger Plan

▪️ Google Buries Websites Of Trump, RFK Jr, Republican Challengers – Report

▪️ ❗️President Putin And Türkiye’s Erdogan May Discuss The Black Sea Grain Deal In Moscow On September 8, Bloomberg Reports Citing Sources

▪️ ❗️Ukraine’s Debt Rose $4 Billion Over One Month, Setting New Record — Data

▪️ Transcorp Hits N236bn as Investors Line Up for Shares after Abuja Disco Acquisition

▪️ Banks Lending Appetites Reduce as Stage 2 Loans Spike

▪️ Jaiz Bank Loses 14% of its Market Value

▪️ Producers GDP Shrinks 15% over Inflation, Interest, FX Hurdle

▪️ Weak Macro Tempers Real Estate Market Performance

▪️ Analysts Cut Oil Production Estimate After Uninspiring Q2 Figure

▪️ Nigeria’s Economic Growth Moderates in Q2

▪️ Oil Theft: Navy Clears Air on Arrested Vessel, MV CECELIA

▪️ Oil Rises Ahead of Chinese Economic Data Release

Shareable link: https://t.me/nido_russia/1225

Sources: RT news, Punch, Aljazeera, Bloomberg, DMarketforces