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JulThe Central Bank of Nigeria (CBN) has said that it is “slowly” phasing out old N200, N500 and N1,000 notes with redesigned ones. Acting CBN Governor, Folashodun Shonubi said there is an “optimal level of currency” in circulation and what is being done at the moment is replacing worn out notes with new ones. “We believe that […]
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JulCadbury Nigeria Plc recently published its Second Quarter report for the period ended 30 June 2023. The Company reported a N35.61 billion for the 6 months period, up by 27.73% from N27.877 billion reported the previous year. Cadbury declared a loss after tax of N14.539 billion for the 6 months period against the profit after tax of[…]
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JulThe Nigerian stock market on Tuesday closed on a bullish note with 1.11% growth. Year to date, the market has returned 28.76% with the All Share Index and Market Capitalisation at N35.934 trillion respectively. In a stock market review with the MD/CEO of Global View Capital Limited, Aruna Kebira, the following were discussed: Excerpts: The market on[…]
