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Forex: CBN set to pump in additional $350m

Forex traders have been set on panic button, as news filtered in that the Central Bank of Nigeria (CBN) will this weekend, further pump more dollars into the foreign exchange market in continuation of its strategy to strengthen the value of the Naira. According a...

Market Index Hits Eight-month High, 31 Firms Gain

The Nigerian Stock Exchange All-Share Index recorded the highest gain in eight months after the NSE market capitalisation appreciated by N242bn on Wednesday. The market last recorded this performance in October last year. The NSE ASI rose to 30,127.82 basis points from 29,422.71 basis points...