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New Naira Notes: ICPC Arrests IBTC, FCMB Bank Officials, Others In Abuja Over Sabotage
adminFebruary 4, 2023
The Independent Corrupt Practices and other related offences Commission (ICPC), has arrested officials of commercial banks in Abuja and Osun State for alleged sabotage. The ICPC spokesperson, Azuka Ogugua, said…Read More
Naira Hoarders Plotting Interim Government — Tinubu
adminFebruary 4, 2023
The All Progressives Congress presidential candidate, Asiwaju Bola Tinubu, has said those behind the naira and fuel scarcity in the country want to create a scenario that could lead to…Read More
We Won’t Extend Feb 10 Deadline, Emefiele Warns Nigerians
adminFebruary 4, 2023
The Central Bank of Nigeria (CBN) has said it is not considering deadline extension for the phasing out of the old Naira notes. Nigerians, including governors elected on the platform…Read More
Naira Redesign Won’t Fight Corruption, Only Make People Suffer, Says Wike
adminFebruary 4, 2023
The Governor of Rivers State, Nyesom Wike, has weighed in on the nationwide scarcity of the redesigned N200, N500 and N1,000 banknotes, telling President Muhammadu Buhari that the policy will…Read More
Ibadan Unrest: Police Warn Of Plot To Attack Banks, Prisons, INEC Facilities
adminFebruary 4, 2023
The police command in Oyo says there are plans by “unscrupulous elements” to take advantage of the protests in Ibadan, the state capital, to attack some places of interest. Some…Read More
Naira Notes Now Black Market Commodity, Moghalu Laments
adminFebruary 4, 2023
Nigerian economist and former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has reacted to the current shortage of the newly redesigned Naira notes in the country, lamenting…Read More
Nigerian T-Bills Yield Rises to 1.6%, OMO Steadies
adminFebruary 3, 2023
Nigerian T-Bills Yield Rises to 1.6%, OMO Steadies The average yield on Nigerian Treasury bills (NTB) in the secondary market rises marginally, up a basis points to 1.6% on Thursday…Read More
Return on FGN Bond Declines after DMO Auction
adminFebruary 3, 2023
Return on FGN Bond Declines after DMO Auction After the Debt Management Office, DMO, bond auction at the beginning of the week, the average yield declined to about 13% on…Read More
Stock Market Edges Higher as MTNN, SEPLAT Rally
adminFebruary 3, 2023
Stock Market Edges Higher as MTNN, SEPLAT Rally The Nigerian equities market saw its fourth consecutive day of growth in today’s session as continuous bargain hunting sprung the Nigerian Exchange…Read More
Naira Depreciates to N462 as Market Demand for Forex Rises
adminFebruary 3, 2023
Naira Depreciates to N462 as Market Demand for Forex Rises Exchange rates worsened across the foreign exchange (FX) market as Nigerians shift attention to scarcity of the naira across the…Read More
NUPRC Shortlists Firms for Commercialised Gas Flare Programme
adminFebruary 3, 2023
NUPRC Shortlists Firms for Commercialised Gas Flare Programme The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 firms that applied for Nigerian Gas Flare Commercialisation Programme (NGFCP). About 300…Read More
MTN Nigeria Increases Dividend as EPS Spikes 21.3%
adminFebruary 3, 2023
MTN Nigeria Increases Dividend as EPS Spikes 21.3% In 2022, MTN Nigeria Plc.’s increased dividend payment to shareholders as earnings per share (EPS) jumped 21.3% to N17.79, according to the…Read More