11

Feb

CBN to discontinue sale of forex to banks by year end

The Governor of the Central Bank of Nigeria, Godwin Emefiele has said that the apex bank will stop the sale of foreign exchange to banks by the end of the year.According to Emefiele, banks must begin to source their forex from export proceeds.“The era is coming to an end when, because your customers need 100 million dollars […]

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11

Feb

Veritas Kapital Assurance appoints Paul Oki as Independent Non-Executive Director

Veritas Kapital Assurance has notified the Nigerian Exchange and the investing public of the appointment of Mr. Paul T. Oki as an Independent Non-Executive Director of its board.The appointment of Mr. Paul T. Oki has been approved by the National Insurance Commission.Mr. Oki combines over twenty-three (23) years of hands-on experience and expertise from strategic business partnerships,[…]

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10

Feb

Market extends downtrend as profit taking persist by investors

Transactions on the floor of the Nigerian Exchange on Tuesday closed on bearish note for the third straight sessions as the All Share Index dipped by 0.31% to close at 47,057.24 points from the previous close of 47,203.39 points.Investors lose N79 billion as the Market Capitalisation closed at N25.357 trillion, down by 0.31% from the previous close[…]

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