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Top 10 performing stocks

FIDSON Healthcare Plc led last week on the league of top 10 performing stocks, rising by 13.67 per cent or N0.41 to close at N3.41 from N3.00 per share. Dangote Sugar Refinery followed with 8.29 per cent or N0.53 appreciation, closing at N6.92 from N6.39; Continental Reinsurance placed third, rising by 5.26 per cent or N0.05 to close at N1.00 from N0.95 per share.

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Fidelity Bank’s ‘Save4 Shelter’ promo produces winners

FIDELITY Bank Plc’s on-going promotional campaign, tagged ‘Save 4 Shelter’ promo has produced first set of winners.

A total of 21 customers drawn from the six geographical zones of the country won different cash prizes and consolation prizes of six refrigerators and generators sets at the first draw conducted at the bank’s head office in Lagos.

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CBN policy: Massive job cuts looms in manufacturing sector

The federal government’s drive to create jobs for millions of unemployed Nigerians may suffer a huge set back following the Central Bank of Nigeria’s (CBN) recent directive excluding some essential raw materials from the list of items valid for forex in the Nigerian Foreign Exchange (forex) markets. According to business analysts, this move will in no time lead to the lay-off of over 40, 000 Nigerians who work in the manufacturing sector.

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Capital base requirement: SEC urges investors to verify compliance of operators

Following the recent announcement by the Securities and Exchange Commission (SEC) of the level of compliance by Capital Market Operators (CMOs) to the new minimum capital requirement, the Market-wide Implementation Committee has called on the investing public to verify the compliance status of their preferred CMO before patronising them.

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