Oil marketers, on Monday, insisted that they were no more interested in the old naira notes and would not collect them from the public, despite claims that the Central Bank of Nigeria had cleared the bills for the transaction.
It was also gathered that Deposit Money Banks had yet to communicate any directive to oil marketers as regards the collection of the old naira notes.
Marketers of Premium…
Stock investors lost N281bn at the end of trading on the floor of the Nigerian Exchange Limited last week.
The NGX All-Share Index and market capitalisation depreciated by 0.96 per cent and 0.95 per cent to close the week at 53,804.46 and N29.310 trillion respectively.
Also…
The Nigerian Investment Promotion Commission has commenced the development of a well- coordinated investment promotion ecosystem Act, to enable government and non-government investment promotion players to undertake mutually reinforcing and complementary roles to attract…
Some fish traders on Wednesday in Ibadan protested the rejection of old naira notes by cold room operators, saying the development lead to losses on their part.
The traders, comprising aged women, had converged on the premises of Agidigbo 88.7FM along Iwo Road-Ojoo Expressway in a peaceful demonstration to pass across their grievances to the state government and the Central Bank of…
The stock market lost N37 billion on Tuesday after a six-day rally that ended with a take profit bottoming Nigerian Exchange Limited.
The Jeonju index closed at 54,299.76 points, down 67.98 points and 0.13% from the previous trading day. Similarly, the total market…
The bullish momentum in the Nigerian equities market has defied analysts’ expectations as the benchmark index breaks another strong psychological resistance point, surpassing 54,000 mark, reaching a 14-year high of 54,213.09 points last weekend.
The market had recorded a…
Dangote Industries Limited announced that it has signed a contract with China Sinoma International Engineering to build a 6 million tonne/year cement plant in Itori, Ogun State.
According to a statement from the company, the agreement was signed by Aliko Dangote, chairman of Dangote Cement Plc, along with Devakumar Edwin, managing director of strategy, capital projects and portfolio development of…
President Muhammadu Buhari approved the appointment of Mr. Olusegun Awolowo has been appointed Secretary of the African Continental Free Trade Association (AfCFTA) National Action Committee for a four-year term starting December 19, 2022. This endorsement has been granted to…
The Central Bank of Nigeria has authorized 400 financial agents to facilitate access to the new banknote design in rural areas.
CBN said this would allow residents of rural Kogi to meet the January 31 deadline, allowing them to finally retire their old banknotes from…
According to a recent report from the National Bureau of Statistics, residents of the states of Kwara and Benue paid the highest prices for cooking gas (LPG) in December 2022.
The report adds that residents of Kwara state pay an average of N4,950 for a 5kg bottle, while residents of Benue pay an average of N11,000 for a refill of a 12.5kg bottle.
The report also shows that the monthly average…