Fakoyejo Olalekan

Cash Withdrawal Policy Controversy: Lawmaker Lashes Out At CBN’s Godwin Emefiele

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been criticised by a member of the House of Representatives, Yusuf Gagdi, for failing to honour the lawmakers’ summons. Gagdi in his submission at the lower chamber on Tuesday said Emefiele

December 21, 2022

Business·Markets

Investors Make N662.36 million Despite Nigerian Stock Market’s Sluggish Growth

Investors in Nigerian stock market pocket N662.36 million on Tuesday, after the market capitalisation grew sluggishly from N26.914 trillion to N26.915 trillion. Similarly, the All Share Index increased to 49,416.18 ASI after adding 1.22 basis points to the 49,414.96 ASI. On the exchange floor, over 100.09 million

December 20, 2022

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Dollar Rate Drops In Black Market Amid DSS’ Attempt To Arrest CBN’s Emefiele

The black market recorded a drop in Dollar rate on Tuesday, but the exchange rate between the Naira and the United States currency traded flat in the official market on Monday. Dollar rate drops It was gathered that the Dollar rate exchanged

December 20, 2022

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency·Diaspora·News

Diaspora Remittances: CBN Threatens To Withdraw Banks’ Forex Licences

Nigerian banks risk losing their foreign exchange dealership licences for violating directive of the Central Bank of Nigeria (CBN) on diaspora remittances. In a circular to banks dated December 14, 2022, the central bank said it had been notified that the banks

December 20, 2022

Business

Court Asks DSS To Obtain Buhari’s Approval To Arrest CBN’s Godwin Emefiele

A federal high court sitting in Abuja has directed the Department of State Services (DSS) to obtain approval from President Muhammadu Buhari to arrest the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The secret police had filed an ex

December 20, 2022

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business·Insights·Markets

How Femi Otedola’s Decision To Sell Geregu Stake Cost Shareholders N60.50 billion

Shareholders of Geregu Power, the company owned by Femi Otedola, will have little or nothing to celebrate this Christmas season, having lost most of the returns on their investment within two weeks. On October 5, Geregu was listed on the Nigerian stock

December 20, 2022

Business·Markets

Gains In International Breweries, Thomas Wyatt, Others Earn Stock Investors N53.74 billion

Over N53.74 billion was gained by stock market investors on Monday, as Nigerian bourse jumped 0.2 per cent. This increased the market capitalisation of the Nigerian stock market to N26.91 trillion from N26.86 trillion. The All Share Index also appreciated by 98.67

December 19, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate Depreciates In Black Market Amid CBN’s Controversial Naira Policies

The naira gained against the dollar in the black market on Monday but depreciated in the official market on Friday based on exchange rate data obtained from FMDQ. Prime Business Africa gathered that the exchange rate between the dollar and the naira

December 19, 2022

Lai Mohammed Counters Claim By Twitter’s Former Official Over Negotiation

Business

Lai Mohammed Counters Claim By Twitter Official Over Negotiation

The Minister of Information and Culture, Lai Mohammed, has countered the claim made by a former Twitter senior official that the social media firm didn’t negotiate with the Nigerian government to lift the suspension. Mohammed said the official that made the comment

December 19, 2022

Call CBN to arrest POS agents selling naira notes

Business

POS Operators To Take Over Streets To Protest CBN’s Cash Withdrawal Limits

The Association of Mobile Money and Bank Agents (AMMBAN) has given the Central Bank of Nigeria (CBN) until the end of 2022 to reverse its the cash withdrawal limits. Point of Sales operators under the umbrella of AMMBAN plan to stage public

December 19, 2022

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Fakoyejo Olalekan

Cash Withdrawal Policy Controversy: Lawmaker Lashes Out At CBN’s Godwin Emefiele

Investors Make N662.36 million Despite Nigerian Stock Market’s Sluggish Growth

Dollar Rate Drops In Black Market Amid DSS’ Attempt To Arrest CBN’s Emefiele

Diaspora Remittances: CBN Threatens To Withdraw Banks’ Forex Licences

Court Asks DSS To Obtain Buhari’s Approval To Arrest CBN’s Godwin Emefiele

How Femi Otedola’s Decision To Sell Geregu Stake Cost Shareholders N60.50 billion

Gains In International Breweries, Thomas Wyatt, Others Earn Stock Investors N53.74 billion

Dollar Rate Depreciates In Black Market Amid CBN’s Controversial Naira Policies

Lai Mohammed Counters Claim By Twitter Official Over Negotiation

POS Operators To Take Over Streets To Protest CBN’s Cash Withdrawal Limits

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