CBN Act: NASS proposes N500,000 each for naira abuse, refusing naira payment, buying naira
The Nigerian Senate has introduced a bill to amend the Central Bank of Nigeria Act 2007, proposing a 900 per...
Banking & Finance
Crypto Exchanges begin delisting of Naira from Platforms
Omeiza Bilal Following the directives of the Office of the National Security Adviser and the Securities and Exchange Commission that...
Afreximbank backs expansion of Grenada’s Silversands Hotel with $30m facility
African Export - Import Bank (Afreximbank) has approved a $ 30 million financing facility to Joyau Des Caraibes Limited (JDC); the...
Equity market’s bearish trend continues, shed N74bn
Transactions on the floor of Nigerian Exchange closed southward, shedding N74 billion as more companies recorded low performance The downward trend...
CBN kickstarts strategy to double remittances, Grants AIP to 14 new IMTOs
Omeiza Bilal The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by...
CBN appoints 11 pre-shipment agents for crude oil, gas exports in Nigeria
The Central Bank of Nigeria (CBN) has appointed 11 pre-shipment inspection agents, monitoring and evaluation agents for oil and gas exports...
Equity market sheds N132bn
Omeiza Bilal Domestic equity market on Tuesday sustained downward trend at the close of trading on Tuesday shedding N132 billion...
Local equities shed N297bn
Omeiza Bilal The local equity market opened on Monday on a bearish note, declining by N297 billion Market capitalisation of...
Reconsider implementation of cybersecurity levy, says KPMG
KPMG Nigeria has advised the federal government to reconsider the implementation of the cybersecurity levy due, adding that higher taxes...
Uwaleke commends SEC on new rules on private companies’ securities
The President of Capital Market Academics of Nigeria, Professor Uche Uwaleke has commended the Securities and Exchange Commission (SEC) for...
