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Daily Archives: June 7, 2021

Stocks cut losses as market capitalisation rises to N20.19tn

Stocks cut losses as market capitalisation rises to N20.19tn

The Nigerian stock market reversed some of its recent losses last week as the market capitalisation rose above the N20tn mark. The Nigerian Exchange Limited All-Share Index and market capitalisation appreciated by 1.23 per cent to close the week at ...

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N5tn Debt: AMCON Plans To Change Recovery Strategy

N5tn debt: AMCON plans to change recovery strategy

The Asset Management Corporation of Nigeria has said that its Asset Management Partners scheme has resolved to change its recovery strategy. It said in a statement on Sunday titled ‘AMCON AMPs may change recovery strategy’ that it planned to make ...

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Banks Commence N6.98 USSD Charge, Customers Kick

Banks Commence N6.98 USSD Charge, Customers Kick

Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions. However, experts have said that excessive charges by banks could pose a threat to financial inclusion. According to them, it will increase cash ...

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