Fire Guts Aforigwe Market In Anambra

An early morning fire on Sunday swept through a section of the popular Aforigwe Market in Anambra State, south-east Nigeria, destroying shops and goods estimated to be worth millions of naira. The fire broke out in the Umunnachi area of the market in Umudioka community, within Dunukofia Local Government Area. Mr Chukwudi Chiketa, Fire Chief…

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CBN’s Suspension Of Banks’ Dividend May Cause Stock Market Volatility – ASHON

The Association of Securities Dealing Houses of Nigeria (ASHON) has expressed concern over the Central Bank of Nigeria’s (CBN’s) recent circular temporarily suspending dividend payments by banks. Mr Sam Onukwue, Chairman of ASHON in a statement on Tuesday, said that the directive, issued June 13, was said to ensure compliance with regulatory forbearance and Single…

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Capital Market Crucial For Nigeria’s $1trn Economy Goal- Wale Edun

The Minister of Finance, Mr Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a one-trillion dollar economy. Speaking at the Capital Market Committee (CMC) meeting, the minister highlighted the market’s transformation since 2015. He said that with improvements in governance structures, new products and…

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