15

Dec

CBN 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 a fine of N50,000. Principal Manager, Currency […]

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14

Dec

Nigerian Breweries to increase share capital to N5.138bn, proposes 1 for 4 bonus to shareholders

Nigerian Breweries Plc at its recent Extraordinary General Meeting has proposed an increase in the company’s share capital and bonus issue of N1.03 billion to shareholders. In a statement available on the website of the Nigerian Exchange, the following resolutions were made by Nigerian Breweries: INCREASE IN SHARE CAPITAL “That the share capital of the company be[…]

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14

Dec

Ecobank Group’s digital transactions hit $59.1bn in 9 months

Ecobank Group said it recorded transactions valued at $59.1 billion across its digital channels in the first 9 months of 2022. The company disclosed this in its audited financial report for the 9-month ended September 2022. According to the company, this represents a 44% increase compared with the $40.4 billion it recorded in the same period last[…]

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