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Nigerian stocks fall for 6th consecutive week


Equity Market Performance
The NSE All-Share Index (ASI) which tracks the general market movement of all listed equities on the NSE, including those listed on the Alternative Securities Market (ASeM), depreciated by 1.74% at the end of the week, closing at 38,648.48 when compared to its closing unit of 39,331.61 in the prior week. This fall cumulated to a total year-to-date depreciation of 4.03% of the Index.
Besides the fall in the NSE ASI, other indices in the market followed a similar trend except for the following indices which saw some marginal increase, and the NSE Sovereign Bond Index which closed flat at the end of the week: ....

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NIFAN elects JAIZ Bank MD, Hassan Usman, pioneer president


NIFAN elects JAIZ Bank MD, Hassan Usman, pioneer president
Mr Usman was inaugurated alongside other six EXCO members to steer the affairs of the umbrella body of all corporate organisations offering non-interest financial and related services.
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The Non-Interest Financial Institutions Association of Nigeria (NIFIAN), on Friday in Abuja elected the Managing Director of
Mr Usman was inaugurated alongside other six EXCO members to steer the affairs of the umbrella body of all corporate organisations offering non-interest financial and related services in the country for a first term of 2 years.
Those elected include Hajara Adeola, Managing Director/CEO, Lotus Capital Limited as Vice-President; Norfadelizan Abdulrahman, Managing Director/CEO of TAJBank Limited as Treasurer; and Fatai Ola Bakare, of SunTrust Bank Nigeria Limited as the Secretary-General. ....

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Best performing Mutual Funds in January 2021


The prices of major food items, such as bags of beans, pepper, tomatoes, eggs amongst others have witnessed a significant surge in Lagos State markets, while the price of local and foreign rice record a slight decrease.
This is according to the latest market survey, carried out by Nairalytics Research – the research arm of Nairametrics. 
According to the report, a big bag of brown beans that was initially sold for an average of N33,500, rose by 3.7% to sell for an average of N34,750. Also, the price of a big bag of honey beans increased by 7.02% to sell for an average of N24,750. ....

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