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JulJaiz Bank Plc is planning to raise N150 billion via Sukuk issuance either in full or in series. A notification of the bank’s AGM scheduled to hold on August 16, 2022 stated thus: “The Board of Directors is hereby authorized to do all such things and take all such actions as are required by the Central Bank […]
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JulThe Federal Government has projected to spend N6.72 trillion on petrol subsidy payments in 2023. The Minister of Finance, Budget and National Planning, Zainab Ahmed, Speaking at the presentation of the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper (MTEF&FSP) in Abuja, said subsidy payment projection is based on two prevailing scenarios — business-as-usual or reform.[…]
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JulTransactions on the floor of the Nigerian Exchange on Thursday closed lower as the All Share Index declined by 0.12% to close at 52,122.00 points from the previous close of 52,186.52 points. The Market Capitalisation declined by 0.12% to close at N28.107 trillion from the previous close of N28.142 trillion, thereby shedding N35 billion. An aggregate of[…]
