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Market Capitalisation declines by N7bn

The market capitalisation of listed equities on the Nigerian Stock Exchange, on Tuesday, fell by N7bn at the close of trading activities. The day’s business had opened with N6.428tn market capitalisation. The figure, however, dropped to N6.421tn at the close of trading, representing a 0.11 per cent decrease. Similarly, the […]

CBN plans bills to develop payment system

As part of efforts aimed at developing the country’s payment system, the Central Bank of Nigeria has concluded plans to send seven bills to the National Assembly. The Deputy Governor, Corporate Services, CBN, Alhaji Suleiman Barau, confirmed the development on Tuesday in Abuja at a national stakeholders’ workshop on secured […]

‘Poor risk management caused stock market crash’

The Executive Chairman, Federal Inland Revenue Service, Mrs. Ifueko Omoigui-Okauru, has said that lack of knowledge and low level of professional portfolio management services are partly responsible for the stock market’s crash of 2008 and 2009. She stated this during the maiden national conference of the Portfolio Management Institute, titled, […]