22

Dec

CBN increases weekly withdrawal limit to N500,000 for individuals

The Central Bank of Nigeria (CBN) on Wednesday announced an upward review of its cash withdrawal limits directive. Individuals can now withdraw N500,000 cash weekly and corporate entities can now withdraw up to N5 million cash across all channels including Automated Teller Machines (ATMs) and Point Of Sale (PoS) terminals. “The maximum weekly limit for cash withdrawal […]

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Stock market rises by 0.12%

Transactions on the floor of the Nigerian Exchange on Wednesday closed on a positive note as The All Share Index rose by 0.12% to close at 49,475.43 points from the previous close of 49,416.18 points. The Market Capitalisation appreciated by 0.12% to close at N26.948 trillion from the previous close of N26.916 trillion, thereby gaining N32 billion.[…]

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21

Dec

SEC restates commitment to promote investment in digital assets

The Securities and Exchange Commission (SEC) has  said that it will promote investment in digital assets with investor protection at the core of their operations. According to the Director General of SEC, Lamido Yuguda,the commission would also explore blockchain technology to advance virtual and traditional investment products. He assured that the commission remains committed to its mandate[…]

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