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DecBanks to start disbursing new naira notes on Thursday, December 15, 2022
Deposit Money Banks are set to start disbursing the newly redesigned naira notes to their customers via over-the-counter payments today, Thursday, December 15, 2022 The Governor, Central Bank of Nigeria, Godwin Emefiele, had in October announced that apex bank would release re-designed naira notes by December 15, 2022. He also […]
Stock Market Review: December 15, 2022
The stock market on Wednesday readmitted the bulls as it closed higher by 0.28%. Year to date, the market has returned 14.68% with the All Share Index and Market Capitalisation at 48,988.04 points and N26.682 trillion respectively. In a stock market review with Mr Gilbert Ayoola, the following were discussed: Excerpts:[…]
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DecCBN worry over poor loan repayment by manufacturers
Central Bank of Nigeria has expressed concerns over the poor repayment of loans provided by the bank to manufacturers. According to the Deputy Governor, Financial System Stability Directorate of the Central Bank of Nigeria, this might affect the sustainability of the bank’s initiatives. While stating the importance of the interventions[…]
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DecCBN goes tough on Naira abuse
The Central Bank of Nigeria (CBN) has warned that those abusing the naira were liable to go to jail. The apex bank said the law banning the “spraying” and the stepping on the naira, especially at social gatherings, is still in force and that offenders are liable to six months’ imprisonment or[…]
