22

Dec

Stock Market Review: December 22, 2022

The Nigerian stock market on Wednesday closed on a positive note with 0.12% growth. Year to date, the market has returned 15.82% with the All Share Index and Market Capitalisation at 49,475.43 points and N26.948 trillion. In a stock market review with Mr Gilbert Ayoola, a seasoned capital market expert, the following were discussed. Excerpts: • The stock […]

Berger Paints appoints Celestine Aruoture as Chief Operating Officer

Berger Paints Nigeria Plc has announced the appointment of Engr. Celestine Aruoture as Chief Operating Officer of the company. Celestine has experience in strategy development, budgeting, financial analysis, building operation & maintenance, project management, stakeholder management, business continuity management and operational efficiency. Until his appointment, he was the Head of facilities management at Union Bank of Nigeria Limited.[…]

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[…]