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Gains in MTN Nigeria, Airtel Lift Stock Market by N163 22bn

By Darasimi Adebisi The Nigerian stock market closed the transaction for the second trading day in August on a positive note, as price appreciation in MTN Nigeria, Airtel Africa and 10 others drive investors gain by N163.22 billion. Bargain hunters buying interest, particularly in the telecommunication sector majorly led to the positive performance in yesterday’s trading period. In summary, overall market capitalisation value grew by N163.22 billion or 0.81 per cent to close at N20.277 trillion from N20.114 trillion the stock market opened for trading. Consequently, the Nigerian Exchange Limited All-Share Index (ASI) grew by 313.27 basis points or 0.81 per cent to close at 38,917.99 basis points from 38,604.72 basis points it closed yesterday.

Financial Inclusion: How Nigerian banks woo children

Financial Inclusion: How Nigerian banks woo children Banks offer unique interest rates, withdrawal conditions and gifts to draw parents to their services. Banks in Nigeria are competing to outdo each other in winning not just adult but children customers. And to a good extent, they are making progress. Before now, children were not considered eligible to own bank accounts. But things have changed. Taking advantage of technology and the mandate to increase financial inclusion in the country, banks now offer parents and guardians the opportunity to operate functional accounts for their children from age zero to the adult age of 18.

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