Tag: Capital Market

Buhari’s Speech on Currency Swap  
February 16, 2023 No Responses

Buhari’s Speech on Currency Swap  

My Dear Compatriots,   I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption...
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FG Reopens N360b Bonds For Auction 
February 11, 2023 No Responses

FG Reopens N360b Bonds For Auction 

The Debt Management Office (DMO), has on behalf of the Federal Government of Nigeria (FGN), listed four FGN bonds valued at N360 billion for auction.   Announcing the bond auction, the DMO listed the first offer as a February 2028...
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FIDELITY BANK APPOINTS PAMELA SHODIPO EXECUTIVE DIRECTOR 
February 11, 2023 No Responses

FIDELITY BANK APPOINTS PAMELA SHODIPO EXECUTIVE DIRECTOR 

Fidelity Bank Plc has announced the appointment of Mrs. Pamela Shodipo as Executive Director, South Directorate following regulatory approval by the Central Bank of Nigeria.    Pamela joins the Board of Fidelity Bank Plc with over 25 years multi...
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Access Bank Unveils ‘Love Is More’ Campaign For Valentine 
February 7, 2023 No Responses

Access Bank Unveils ‘Love Is More’ Campaign For Valentine 

Access Bank Plc has unveiled several discounts and mouth-watering freebies on its retail products and services to celebrate its customers in this season of love.   The Valentine season campaign, tagged ‘Love is More,’ will run from Feb. 1 to...
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DMO Presents N130b Sukuk Cheque To FMWH, FCTA  
February 7, 2023 No Responses

DMO Presents N130b Sukuk Cheque To FMWH, FCTA  

The Debt Management Office, on Monday, presented cheques of N130 billion being Proceeds of the 2022 Sovereign Sukuk offer to the implementing ministries.   The implementing ministries were the Federal Ministry of Works and Housing (FMWH) and the Federal Capit...
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Group Tasks CBN On PWDs Access To New Naira Notes  
February 3, 2023 No Responses

Group Tasks CBN On PWDs Access To New Naira Notes  

Heal Disability Initiative, a non-governmental organisation, has urged the Central Bank of Nigeria (CBN) to ensure that People with Disabilities (PWDs) have easy access to the redesigned Naira notes.   The organisation also called for inclusion of persons...
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Geregu Power Declares 50.5% Drop In Profit  
February 3, 2023 No Responses

Geregu Power Declares 50.5% Drop In Profit  

Geregu Power Plc has reported 50.5 per cent decline in profit as revenue dropped and earnings impaired negatively.     The company, listed on the NGX last year reported N10.17billion profit in 2022 as against N20.55billion in 2021, while profit ...
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IFC Partners Union Bank ON Trade, SMEs 
February 3, 2023 No Responses

IFC Partners Union Bank ON Trade, SMEs 

To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC has announced a partnership with Union Bank of Nigeria Plc as part of measures to help the bank expand lending to hundreds of businesses...
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Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes 
January 30, 2023 No Responses

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  
January 25, 2023 No Responses

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%
January 24, 2023 No Responses

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   
January 24, 2023 No Responses

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
January 24, 2023 No Responses

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  
January 13, 2023 No Responses

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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