…..apologizes to Nigerians on cash swap policy’s hardships President Muhammed Buhari on Thursday in a national broadcast ordered the Central Bank of Nigeria (CBN) to immediately extend the deadline for the use of old N200 notes till April 10, 2023. In his broacast, the President blamed ‘unscrupulous officials’ in the banking industry, who were […]
Julius Berger Nigeria Plc, one of Nigeria’s construction giants, has announced the completion of its N30 billion Series 1 and 2 Commercial Paper (CP) issuance. The company, in a corporate disclosure signed by its Company Secretary Mrs Cecilia Madueke, and sent to the Nigerian Exchange Limited, indicated that the commercial paper issuance was over-subscribed, demonstrating […]
The Naira appreciated against the US dollar at the black market in the early hours of Wednesday, trading at an average of N755/$1 at the black market compared to the N756/$1 it exchanged at during the previous day’s trading session. Some of the FX traders in the parallel market attributed the slight rebound of the […]
The Nigerian Exchange Limited (NGX) has advocated the need for improved government incentives to encourage companies to list on the nation’s equities market. The NGX’s Chief Executive Officer, Mr. Temi Popoola, who made the call during an interview with journalists, pointed out that exploring the opportunities in capital market through fiscal and other incentives would […]
Contrary to the predictions by many economic analysts that Nigeria’s inflation would sustain its December 2022 moderation trend in January this year, the National Bureau of Statistics (NBS) on Wednesday reported that the nation’s general price level returned to its spiking lane, rising to 21.82% in January. The January rate represented a 0.47% increase when […]
Economic researchers at the Centre for the Study of Economies of Africa (CSEA), one of Nigeria-based economic research organization with primary focus on developments in Africa’s economies, have stressed the need for the government to intensify ongoing reforms in the oil and gas industry to boost foreign exchange earnings for the country. The forecast by […]
TAJBank Limited, Nigeria’s fast-growing non-interest banking services provider, Tuesday on the trading floor of the Nigerian Exchange Limited (NGX) became the first corporate to list Sukuk Bond on the bourse. The bank listed N10 billion Mudarabah Sukuk issuance after it successfully raised over N11.4 billion under its N100 Billion Sukuk Issuance Programme. The first of […]
Systems Technology Limited (Bamboo), one of Africa’s leading online brokerage firms, has announced its licensing by Securities and Exchange Commission (SEC) Nigeria to operate in the Nigerian capital market and include Nigerian securities on its platform. The approval by the commission granted the digital brokerage firm will help in strengthening its relationship with its sponsoring […]
The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Mr. Lamido Yuguda, has hinted of plans by the capital market regulatory commission to collaborate with the Nigerian Agricultural Insurance Corporation (NAIC) in a bid to further deepen the commodities trading ecosystem. Yuguda, who made this disclosure during the commission team’s meeting with the management of NAIC […]
The National Population Commission disclosed on Monday that the 2023 population census scheduled to be conducted before the end of the first quarter this year would cost the sum of N400 billion. The commission’s Head, NPC Public Affairs Department in Plateau State, Mr Jick Lawrence, gave this hint in a paper titled “Enumeration Area Demarcation […]