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Daily Archives: March 22, 2018

Stock market index dips 0.46%

Trading on the Nigerian Stock Exchange (NSE) on Wednesday maintained the previous day’s outlook as the bears pull persists with the All Share Index shedding 46 basis points, leaving the Year-to-Date (YtD) returns at 8.50 per cent. Similarly, market capitalisation dropped to N14.89 billion at the close of trading session on Wednesday, just as market breadth closed negative with 19 ... Read More »

CBN fines Access Bank N78m for BVN malpractices …bank’s shareholders to get 40k final dividend The Central Bank of Nigeria (CBN) has sanctioned Access Bank Plc for complacency and unethical practices in the Bank Verification Number (BVN) exercises in the 2017 financial year. The bank, which was accused of specifically failing to carry out the apex bank regulatory requirements on ... Read More »

FG saved N68bn on personnel cost in 2017 – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, today disclosed that the Federal Government saved N68 billion on personnel cost in 2017. The latest N68 billion brings the aggregate savings by government on personnel cost since 2007 to date to N288 billion. The minister’s Special Adviser Media and Communications, Oluyinka Akintunde, quoted her as making the disclosure during her presentation of ... Read More »