07
DecDMO announces successful completion of N100bn Sovereign Sukuk Issuance
The Debt Management Office (DMO) has notified the public of the successful conclusion of the Issuance of N100 Billion Sovereign Al ’Ijarah Sukuk. The Offer for N100 Billion opened on November 21, 2022 and was supported by wide public sensitization to encourage subscription from diverse investors, particularly the retail investors. The initial […]
07
DecCBN limits cash withdrawals to N100,000 per week for individuals
The Central Bank of Nigeria (CBN) has instructed Deposit Money Banks and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500,000, respectively. This regulatory directives is to take effect nationwide from January 9, 2023. The CBN further[…]
07
DecStock market extends bullish trend, up by 0.20%
The Nigerian stock market on Tuesday extends its bullish trend to three straight sessions as the All Share Index grew by 0.20% to close at 48,366.69 points from the previous close of 48,270.23 points. The Market Capitalisation grew by 0.20% to close at N26.344 trillion from the previous close of[…]
Nigeria records total trade of N11.6tn in Q3 2022- NBS
Recent publication by the National Bureau of Statistics has revealed that Nigeria’s total trade in the Third Quarter of 2022 stood at N11.598 trillion, this was lower than the value recorded in the second quarter of 2022 (N12.841. trillion) but was higher than the value recorded in the corresponding period[…]
