The stock market on Wednesday readmitted the bulls as it closed higher by 0.28%. Year to date, the market has returned 14.68% with the All Share Index and Market Capitalisation at 48,988.04 points and N26.682 trillion respectively. In a stock market review with Mr Gilbert Ayoola, the following were discussed: Excerpts: The stock market on Wednesday closed on […]
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DecCentral Bank of Nigeria has expressed concerns over the poor repayment of loans provided by the bank to manufacturers. According to the Deputy Governor, Financial System Stability Directorate of the Central Bank of Nigeria, this might affect the sustainability of the bank’s initiatives. While stating the importance of the interventions to the Nigerian economy, she urged beneficiaries[…]
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DecThe Central Bank of Nigeria (CBN) has warned that those abusing the naira were liable to go to jail. The apex bank said the law banning the “spraying” and the stepping on the naira, especially at social gatherings, is still in force and that offenders are liable to six months’ imprisonment or a fine of N50,000. Principal Manager, Currency[…]
