17

Aug

Stock market extends down trend by 0.47%

It was yet another bearish session on the floor of the Nigerian stock market on Wednesday as downtrend extended on profit taking by investors. The All Share Index dropped by 0.47% to close at 64,625.28 points from the previous close of 64,928.98 points. The Market Capitalisation grew by 0.04% to close at N35.370 trillion from the previous […]

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16

Aug

Marketers kick as FG rules out further fuel price hike

Oil marketers, on Tuesday, advised President Bola Tinubu to gradually relax the removal of subsidy on Premium Motor Spirit, popularly called petrol, following the inability of importers to access the United States dollars and the impact which this was having on businesses. This came as Tinubu ruled out fuel price hike and reversal of fuel subsidy. However,[…]

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16

Aug

Ecobank to Promote Ease of Cross-Border Business through Foreign Currency Transfer on Its Mobile and Omnilite Apps

Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions, stressing that it would be of immense benefits to individuals and small businesses across Africa. Ecobank Nigeria recently said its customers can now transfer money in seconds to 33[…]

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