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Yuletide: NSE Market Capitalisation Shed N143bn

Yuletide: NSE Market Capitalisation Shed N143bn

Nigerian Stock Exchange The free fall of equities persisted on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation losing N143 billion in about six hours of trading. Specifically, the market capitalisation which…

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Access Bank Wins Big At SERAS 2019

Access Bank Wins Big At SERAS 2019

Nigeria’s leading retail bank, Access Bank emerged the biggest winners, for the second year running, carting five awards at the Sustainability, Enterprise and Responsibility Awards (SERAs). The award recognitions which include, the ‘Best Company in…

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Access Bank Promotes Sustainability Culture With Community Investment Workshops

Access Bank Promotes Sustainability Culture With Community Investment Workshops

Continuing its drive for sustainable economic growth and prosperity through its week-long Sustainability Awareness Week, Access Bank Plc hosted members of staff and some of its third-party stakeholders to workshops on sustainability best practices. According…

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$60b Forex Cash Keeps Naira Stable For 29 Months – Emefiele

$60b Forex Cash Keeps Naira Stable For 29 Months – Emefiele

The $60 billion inflows from the Investors’ and Exporters’ Foreign Exchange (I&E Forex) Window has contributed to the sustained stability of the naira against world currencies for the last 29 months, the Central Bank of…

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AfDB Approves $210 mln Loan For Nigeria’s Power Transmission Project

AfDB Approves $210 mln Loan For Nigeria’s Power Transmission Project

The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to Transmission Company of Nigeria (TCN) will support construction of 330KV…

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VAT Increase To Take Effect From January 2

VAT Increase To Take Effect From January 2

Minister of Finance, Zainab Ahmed, has said that the new finance bill, which recommends a 50 per cent increase on Value Added Tax passed by the Senate will take effect from January 2, 2020. Ahmed,…

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MPC Retains Benchmark Lending Rate At 13.5%

MPC Retains Benchmark Lending Rate At 13.5%

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. CBN governor, Godwin Emefiele, announced the decision of the committee at the end…

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Rice Price Rises By 29.41% In Two Months

Rice Price Rises By 29.41% In Two Months

Before August 28 when the Nigeria Customs Service closed the borders against her neighbours, the price of rice was N17,000 per 50-kilogramme bag, having risen from N14, 000 a few months before. Currently the price…

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Investment Inflows Into Nigeria Dropped By $460m In Q3 —NBS

Investment Inflows Into Nigeria Dropped By $460m In Q3 —NBS

The National Bureau of Statistics on Monday said the investment inflows into Nigeria declined by $460m from $5.82bn in the second quarter of this year to $5.36bn in the third quarter. The NBS said this…

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Access Bank Empowers IDPs, Others

Access Bank Empowers IDPs, Others

Access Bank Plc has trained internally displaced persons (IDPs), vulnerable youths and migrants including victims of insurgency in the Bogije community at the Ibeju-Lekki area of Lagos State. The initiative was done in partnership with…

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