President Bola Tinubu in his first address to the nation has said that the naira redesign policy by the Central Bank of Nigeria (CBN) would be reviewed.
According to him, “the currency swap was too harshly applied by the CBN given the number of unbanked Nigerians.
“The policy shall be reviewed. In the meantime, my administration will treat both currencies as legal tender”.
Source: President Tinubu to review naira redesign policy – StocksWatch (stocksng.com)
The Central Bank of Nigeria (CBN) has notified the general public that Zuldal Microfinance Bank Limited is not a licensed Microfinance Bank and has no authorisation to operate or carry out any form of banking or microfinance business in Nigeria. The apex bank stated thus: “The attention of the Central Bank of Nigeria (CBN) has been drawn […]
The Nigerian equities market continued to navigate a challenging path on Wednesday as new selling pressure dragged the market lower for the third straight session. The All Share Index declined by 0.23% to close at 144,646.01 points from the previous close of 144,986.51 points. The Market Capitalisation declined by 0.24% to close at N92.002 trillion from the[…]
