15

Dec

CBN 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 to the Nigerian economy, she urged beneficiaries […]

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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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