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Stock market investors lose N170bn in two days following announcement of election results

The nation’s stock market recorded sustained losses totalling N170bn in two days, following the announcement of the results of the presidential election. Investors lost N84.4bn on Tuesday and N85.6bn on Wednesday, erasing the gains recorded in previous sessions before the elections. The market recorded early gains on Wednesday but dropped below the 32,473.82 basis points, which

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Forex Intervention: CBN injects 268.4m, CNY 46.3m into Retail SMIS

F Oru Leonard The Central Bank of Nigeria (CBN) on Friday, February 22, 2019, made an intervention of $268.4million in the retail Secondary Market Intervention Sales (SMIS) and CNY 46.3million in the spot and short tenored forwards segment of the inter-bank foreign market. This was disclosed by the Director, Corporate Communications Department, Central Bank of

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SEC shuts down Dantata, others in Kano over illegal activities

    The Securities and Exchange Commission (SEC), has sealed off the premises of Dantata Success and Profitable Company, Kano, for engaging in illegal capital market activities. The commission in a statement by Mrs Efe Ebelo, its acting Head, Corporate Communications, said that the company was shut down for carrying out investment operations

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Forex Intervention: CBN injects $289.76m, CNY 38.70m into Retail SMIS

Oru Leonard ABUJA:  Following its maiden Monetary Policy Committee (MPC) meeting for 2019, the Central Bank of Nigeria (CBN) on Friday, January 25, 2019, injected the sum of $289.76million into the retail Secondary Market Intervention Sales (SMIS) and CNY38.70million in the spot and short-tenored forwards segment of the inter-bank foreign market. The

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