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Presidency approves new board for NEXIM

The Presidency has approved a new management board for the Nigerian Export-Import Bank (NEXIM).According to a statement signed by the Special Assistant (Communication) to the Minister of Finance, Deborah Chinwe Okafor, the newly re-constituted board is composed under the Chairmanship of the Deputy Governor, Financial Sector Surveillance Directorate, Central Bank of Nigeria.

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Stock market loses N242bn in 2 days

After two days of the suspension of trading on the five banks’ shares whose managing directors were sacked by the Central Bank of Nigeria (CBN) last Friday, stock market has lost N241.519 billion, as market capitalisation declined from N5.556,091 trillion on Friday last week to close at N5,314,572 trillion, yesterday( Tuesday ).

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