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Economy

Udoma Happy with Economic Performance After Recession

  By Tony Obiechina The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has expressed delight at the 4th Quarter 2018 numbers just released by the National Bureau of Statistics (NBS). The report shows that the real Gross Domestic Product (GDP) grew by 2.38%, indicating the strongest quarter growth …

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NDIC Board Pledges to Stabilize Nation’s Financial System 

    By Tony Obiechina Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have pledged their total commitment to the formulation of sound policies that will enhance the safety and stability of the nation’s financial system. Chairman of the Board, Mrs Ronke Shekefun who stated …

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NSE, Afrinvest launch tools for optimising returns on investment

The Nigerian Stock Exchange (NSE), and Afrinvest Securities Limited (ASL), a leading capital market research and securities execution platform, announced the launch of the NSE-Afrinvest Banking Value Index (NSE-Afr BVI), and the NSE-Afrinvest High Dividend Yield Index (NSE-Afr HDYI), designed to optimise investors returns through measurement of stocks value.

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CBN Injects $210m into Forex Market

The Central Bank of Nigeria (CBN) has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market. The director, Corporate Communications, CBN, Mr Isaac Okorafor, yesterday in Abuja, said the apex bank offered 100 million dollars as wholesale interventions …

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