News
-
Naira scarcity: Instant payment hits N38tn in January
The Naira scarcity, caused by the Central Bank of Nigeria’s naira redesign and cash withdrawal policy, pushed instant electronic payment…
Read More » -
Neimeth International Pharmaceuticals Plc Concludes 2.37bn Rights Issue Exercise
Neimeth International Pharmaceuticals Plc (the Company) has said in a release that sequel to the close of its Rights Issue…
Read More » -
Sanwo-Olu okays 50% reduction on BRT fares, others
The Lagos State Governor, Babajide Sanwo-Olu, on Wednesday, approved a 50 percent reduction on Bus Rapid Transit fares. Aside from…
Read More » -
Supreme Court stops CBN from stopping use of old Naira notes February 10
The Supreme Court gave the order in a suit filed by three APC-controlled states – Kaduna, Kogi and Zamfara. The…
Read More » -
Court Sentenced Fidelity Bank Secretary, MD to Six Weeks in Prison
A chief magistrate’s court in Ogba, Lagos, has sentenced Nneka Onyeali-Ikpe, Managing Director of Fidelity Bank, to six weeks in…
Read More » -
The Markets in Review: General Elections and the Markets – Coronation Research
General elections are to commence in just under three weeks’ time, with presidential and parliamentary polls due at the end…
Read More » -
Marketers consider shutting down filling stations to enforce N195 per litre today
The Independent Marketers Association of Nigeria (IPMAN) has told its members to consider shutting down filling stations this week. The…
Read More » -
Stallion Nigeria refutes claim of alleged debt to GTB, says matter pending in court
Stallion Nigeria has refuted reports that it is indebted to Guaranty Trust Bank (GTB) to the tune of N13 billion.…
Read More » -
S&P Revises Nigeria’s Outlook to Negative from Stable on Weakening Fiscal and External Metrics’ ; ‘B-/B’ Ratings Affirmed
Overview Low (albeit recently rising) crude oil production, large refined-petroleum subsidy costs, high debt service expenditure, and associated sizable fiscal…
Read More » -
CBN Directs DMBs to Pay Redesigned Naira Notes Over the Counter; Police and Other Agencies to Prosecute Sellers, Abusers of Naira
…Assures That Queues At ATMs Will Disappear Soon …Directs OTC payment of Redesigned Banknotes by DMBs The Central Bank of…
Read More »