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Stock market: Investors lose N220bn in one day

Investors in the nation’s stock market lost a total of N220bn on Monday due to the losses recorded by 22 firms listed on the Nigerian Stock Exchange. The NSE All-Share Index fell by 1.71 percent to close at 34,663.48 basis points while the…

CBN sets five-year timeline on cheque storage

The Central Bank of Nigeria (CBN) has set a five-year timeline for banks to keep physical cheque presented to them by customers after which the instrument may be disposed. This is contained in the Nigerian Bankers’ Clearing System (NBCS)…

Govts need more tax professionals –CITN

The President/Chairman of Council, Chartered Institute of Taxation of Nigeria, Mr. Cyril Ede, says government at all levels need more tax professionals to generate sufficient revenue to execute their budget and developmental projects. Ede…