Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes 

Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes 

The House of Representatives Minority Caucus has commended the Central Bank of Nigeria (CBN) for extending the deadline for swapping of the old naira notes.A statement issued by Rep. Ndudi Elumelu (PDP-Delta), the House Minority Leader on Sunday described the...
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Union Bank Save & Win Palli Promo Grand finale Holds Jan 27  

Union Bank Save & Win Palli Promo Grand finale Holds Jan 27  

Following a six-month successful run, the second edition of Union Bank’s Save & Win Palli Promo is finally coming to an exciting conclusion.A statement sent to City Business News explained that the grand finale event, which is set to hold...
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CBN Raises Interest Rate To 17.5%

CBN Raises Interest Rate To 17.5%

Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis points to 17.5 per cent. This is contained in a communiqué issued at the end...
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Emefiele: Stamp Duty Revenue Is N370b  Not N89trillion   

Emefiele: Stamp Duty Revenue Is N370b  Not N89trillion   

The total revenue collected as stamp duty in six years between  2016 and 2022 is N370,686 billion, the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, disclosed on Tuesday.   A House of Representatives member, Alhaji Muhammed Kazaure, ...
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Stockbrokers Project Nigeria’s Economic Growth In 2023

Stockbrokers Project Nigeria’s Economic Growth In 2023

Stockbrokers have assured the investing public that the economy has strong potential to bounce back this year.   They said this at an event organised by Chartered Institute of Stockbrokers (CIS) on “The Nigerian Economic Review of 2022 and Outlook ...
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Bermuda Stock Exchange To Host WFE Annual Meeting In 2023  

Bermuda Stock Exchange To Host WFE Annual Meeting In 2023  

The World Federation of Exchanges (WFE) has announced Bermuda Stock Exchange (BSX) as host of the industry’s General Assembly & Annual Meeting in 2023.   A statement sent to City Business News explained that the meeting, now in its 62...
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Naira Gains by 0.04% At Investors, Exporters Window 

Naira Gains by 0.04% At Investors, Exporters Window 

The naira on Tuesday exchanged at 461.50 to the dollar at the Investors and Exporters window.  The figure represented an appreciation by 0.04 per cent compared with the 461.67 it exchanged on Monday.  The open indicative rate closed at N460.25...
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SEC Approves NGX Technology Board Listing Rules

SEC Approves NGX Technology Board Listing Rules

By Moses Ebosele, ebosele@hotmail.com   — The Securities and Exchange Commission (SEC) has approved Rules for Listing on NGX Technology Board.   The NGX Technology Board is a specialised platform for technology-based companies to...
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Dangote Cement Shareholders Approve 10 % Share Buy-Back Scheme 

Dangote Cement Shareholders Approve 10 % Share Buy-Back Scheme 

Shareholders of Dangote Cement, unanimously on Tuesday authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution.   The company had earlier indicated an.....
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CVFF: UBA, Zenith Bank, Union Bank, Others To Disburse N16b, $350m

CVFF: UBA, Zenith Bank, Union Bank, Others To Disburse N16b, $350m

Five Banks have been selected for the disbursement of Cabotage Vessel Financing Fund (CVFF).   The Banks are: United Bank for Africa (UBA), Zenith Bank,  Union Bank of Nigeria, Polaris Bank and Jaiz Bank.    Minister of Trans...
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Emefiele: Export Proceeds Repatriation To Hit $1b In Q4 

Emefiele: Export Proceeds Repatriation To Hit $1b In Q4 

The Governor, Central Bank of Nigeria (CBN),  Godwin Emefiele, on Saturday expressed optimism that export proceeds repatriation for rebate would hit N1billion fourth quarter of 2022.  Emefiele said this at a press conference on the outcome of th...
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<strong>FMDQ: Exchange Traded Derivative Will Help Govt Raise Cheaper Funds</strong>

FMDQ: Exchange Traded Derivative Will Help Govt Raise Cheaper Funds

By citybusinessnews@yahoo.com   — FMDQ Securities Exchange Limited is working towards the launch of Exchange Traded Derivative (ETD) products that will enable the government raise funds at a cheaper cost.  Head, Market Architecture, FMDQ Securiti...
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<strong>At ISSAN Confab, CBN, Stakeholders, Harp On Measures Against Cyber Attacks</strong>

At ISSAN Confab, CBN, Stakeholders, Harp On Measures Against Cyber Attacks

The Central Bank of Nigeria (CBN) has assured information security stakeholders and the general public of its collaboration to check the rising cases of cyber-attacks within Nigeria’s cyberspace.   Director, Payments System Management Department of the...
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Emefiele: Nigeria’s Rising Inflation Consistent With Global Trend 

Emefiele: Nigeria’s Rising Inflation Consistent With Global Trend 

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele,  on Friday said the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends.  Emefiele said this at the 57t...
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