Tag: foreign subsidiary directive
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CBN’s New Banking Rule Triggers N1.92 Trillion Loss on Nigerian Stock Exchange
MARKET WATCH | IDEA TELEVISION Nigeria’s stock market took a significant hit on Thursday, as investors lost approximately N1.92 trillion amid heavy selloffs in banking and cement stocks — a direct reaction to a bold new regulatory move by the Central Bank of Nigeria (CBN). The CBN introduced new regulatory guidelines governing how Nigerian banks…
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