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JunMarket rebounds with 0.66% growth, gains N181bn
The Nigerian stock market on Tuesday halted five sessions of downtrend, occasioned by growth in the price of Dangote, Seplat and other 12 stocks. The All Share Index rose by 0.66% to close at 51,091.75 points from the previous close of 50,756.74 points. The Market Capitalisation climbed by 0.66% […]
21
JunForeign Airlines unable to repatriate revenues, blames forex restriction
Recent report by IATA has revealed that foreign airlines are unable to repatriate their revenues of about $450 million. According to IATA, CBN restricted the funds to allow for foreign currency to be used for imports of essential goods and services as well as for investors looking to repatriate dividends.[…]
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JunPetrol scarcity hits Lagos as diesel price skyrockets
Petrol scarcity has caused residents in Lagos to spend hours waiting on queues in filling stations at various locations in the state. The number of commercial vehicles plying the roads was less compared to a regular business day, leaving many passengers stranded at various bus stops. While some were forced[…]
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JunDangote Cement sheds weight, pushes NGXASI down by 1.97%
The Nigerian stock market on Monday further declined as Dangote Cement and other 30 stocks shed weight, pushing the All Share Index down by 1.97% to close at 50,756.74 points from 51,778.08 points recorded last Friday. The market capitalisation closed at N27.363 trillion, shedding 551 billion from N27.914 trillion recorded[…]
