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Investors stock market lost N517bn in post-election trading.

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The investors lost N289bn after the presidential and National Assembly elections, and N228bn in two days after the governorship and House of Assembly polls.

Losses on the Nigerian Stock Exchange extended into the fifth consecutive trading session on Tuesday as the All Share Index declined by 1.02 per cent, dragging the year-to-date return to -0.4 per cent.



The market capitalisation of equities listed on the floor of the NSE dropped from N11.998tn on Tuesday last week to N11.978tn on Wednesday and N11.937tn on Thursday.

On Friday, the market capitalisation dropped further to N11.905tn.

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The bearish sentiment persisted as the market opened this week on a bearish note, recording a loss of N108bn on Monday and a further N120bn on Tuesday to close at N11.677tn.

The market recorded positive performance in the first 24 minutes of trading on Tuesday, after which it started to decline at 10:43 am.

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The biggest decline for the day was recorded at 12:37 pm, shedding 102.6 basis points in two minutes.

At 2:15 pm, the market hit its lowest point during the day at 31,269.27bps, after which it began to rise, gaining 44.09bps to close at 31,313bps.

The banking sector recorded the biggest loss, down by 2.26 per cent on the back of major sell-offs witnessed in Guaranty Trust Bank Plc and Zenith Bank Plc.

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Concealed fake dollar worth $20m found by Kenyan police.

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The Criminal Investigation body in Kenya has disclosed that they have five personnel in custody following to the fake dollar worth  $20m (£15m).



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Two source familiar with the situation states that, the fake dollars was found in Barclays Bank, Nairobi. alleged to be owned by an investor, although further investigation is still on progress.

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Apple to lunch iPad Air and Mini support eSIMs

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Apple has reveal her plans to add eSIM support on their latest iPad brands, also stating that the new entries will be able to work even on the networks of non-partner carriers.


The new innovation, will see no restriction on users when swapping data plan on a region that does not have full internet access. i.e, No need to swap out physical SIM cards.

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However, Apple has detailed that iPhone XS, iPhone XS Max and iPhone XR can also work with eSIM options, though they’ll have to be unlocked if you want to use two different carriers.

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