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Business - Page 554

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond under the Presidential Power Sector Debt Reduction Programme, raising N590 billion to settle verified arrears owed to power generation companies and gas suppliers. The bond, guaranteed by the full faith and credit

December 21, 2025

Business

Naira Scarcity: 17 Bank Branches Attacked, Bank Workers Threaten Strike

Naira scarcity has resulted in attacks on 17 bank branches and N5 billion loss for the Deposit Money Banks (DMB), as the Central Bank of Nigeria (CBN) struggles to implement the Naira redesign policy. This was disclosed by the Association of Senior

February 17, 2023

Business·News

Security, Corruption At A Stake With New Cash Policy – President Buhari

President Muhammadu Buhari insists that the cashless policy and Naira swap by the Central Bank have short and long term benefits for the country in dealing with insecurity and corruption, but agrees that the apex bank should take the recommendation of a

February 17, 2023

Business

Naira Redesign: Emefiele Issues New Directive To 15 Banks, Dismisses Supreme Court Order

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said he met with some banks on Thursday, 17 February 2023, to discuss how the N200 notes can be disbursed to Nigerians. Emefiele revealed that at least 15 banks have received

February 17, 2023

El-Rufai Moves Against Postponement Of Fuel Subsidy Removal

Business·News·Top Stories

‘Your Stolen Funds Now Worthless’ – Presidential aide Replies Govs El-Rufai, Ganduje

Presidential aide, Bashir Ahmad, on Thursday hit back at Kaduna State Governors Nasir El-Rufai and his Kano State counterpart, Abdullahi Ganduje, for opposing the currency reissue policy of the Federal Government. Ahmad, the Special Assistant to President Muhammadu Buhari on Digital Communications,

February 17, 2023

Business·Markets

Tripple Gee, Japaul Gold Drag Nigerian Stock Market Cap To N29.69 trillion

The market capitalisation of the Nigerian stock exchange closed at N29.69 trillion on Thursday, 16 February 2023, up from Wednesday’s N29.68 trillion. This is a 0.02 per cent or N7.53 billion increase in the market capitalisation. It followed the 12.54 basis points gained

February 16, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Falls In CBN-Backed Official Market, Buhari Projects Stability

Exchange rate between the Naira and the United States Dollar (USD) fell in the official market on Wednesday, 15 February 2023. According to the exchange rate data obtained from the FMDQ Exchange, the cost of buying a Dollar depreciated by N0.17 kobo.

February 16, 2023

Business·News·Top Stories

Naira Scarcity: CBN, Obaseki, PoS Operators Meet On Cash Disbursement

The Edo State Governor, Mr. Godwin Obaseki, on Thursday, met with officials of the Central Bank of Nigeria (CBN) and members of the Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) in the State to strategize on how to disburse

February 16, 2023

Business·Opinion·Top Stories

Buhari Takes Jurisdiction From S’Court: N200 Order Now The Law

Amidst the pendency of reliefs sought before the Supreme Court by a few states over the Federal Government’s currency redesign policy which ended on February 10, 2023, President Muhammed Buhari’s Thursday February 16 broadcast has impugned the jurisdiction of the Supreme Court

February 16, 2023

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business

World Bank President, David Malpass, To Resign After Four Years

The World Bank President, David Malpass, will exit his role in the global financial institution on June 30, ending a four years reign. In a statement dated Wednesday, 15 February 2023, the World Bank said Malpass told the board of executive directors

February 16, 2023

Business

Buhari Lists 7 Benefits Of CBN’s Naira Redesign Policy, Defends Emefiele’s Actions

President Muhammadu Buhari has defended the Naira redesign policy of the Godwin Emefiele-led Central Bank of Nigeria (CBN). Buhari said all activities of the CBN as regards the Naira redesign policy are being carried out within the ambit of the Constitution, the

February 16, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 554

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Naira Scarcity: 17 Bank Branches Attacked, Bank Workers Threaten Strike

Security, Corruption At A Stake With New Cash Policy – President Buhari

Naira Redesign: Emefiele Issues New Directive To 15 Banks, Dismisses Supreme Court Order

‘Your Stolen Funds Now Worthless’ – Presidential aide Replies Govs El-Rufai, Ganduje

Tripple Gee, Japaul Gold Drag Nigerian Stock Market Cap To N29.69 trillion

Dollar Rate Falls In CBN-Backed Official Market, Buhari Projects Stability

Naira Scarcity: CBN, Obaseki, PoS Operators Meet On Cash Disbursement

Buhari Takes Jurisdiction From S’Court: N200 Order Now The Law

World Bank President, David Malpass, To Resign After Four Years

Buhari Lists 7 Benefits Of CBN’s Naira Redesign Policy, Defends Emefiele’s Actions

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