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Fakoyejo Olalekan

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MTN Nigeria To Raise N100bn Through Unsecured Commercial Paper

Telecommunications company, MTN Nigeria, has disclosed its intention to raise N100 billion through an unsecured promissory note, commercial paper.  In a corporate document released to the capital market authority, Nigerian Exchange Limited (NGX), on Wednesday, MTN Nigeria proposed issuance of up to
August 17, 2023
Tinubu Sets Up Committee To Tackle Flood Crisis

Tinubu To Sell Stakes In NNPC, 19 Other Gov’t Entities

President Bola Tinubu is considering selling a stake in the Nigerian National Petroleum Company (NNPC) Limited and 19 other national assets or entities. Tinubu is looking to raise capital from the sale of the stakes to finance his administration’s projects and reduce
August 16, 2023
CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Authorised Dealers Increase Price Of Dollars

The authorised dealers in the official market sold the United States Dollar (USD) at the rate of N774.77/$1 at the end of trading on Tuesday. According to data released by the FMDQ Exchange, the dollar rate increased by N30.36 kobo compared to
August 16, 2023
How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria
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Nigerian Bourse Crashes, Stock Market Cap Loses N58.47bn

Nigerian Stock Exchange crashed on Tuesday by 0.16 per cent or N58.47 billion, after the bourse’s capitalisation depreciated to N35.35 trillion, from Monday’s N35.41 trillion. The All-Share Index fell from 65,036.37 ASI to 64,928.98 ASI, losing 107.39 basis points. About N4.64 billion was traded
August 15, 2023
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