Investors rake in over N1.1tn dividend in 12 months – NGX – Thisday
The Nigerian Exchange Limited, on Thursday, said investors in the Nigerian capital market had earned over N1tn from dividend payout by companies listed on the NGX in the past year. It said in a statement that year-to-date, Dangote Cement, MTN Nigeria and eight others emerged as the highest companies in terms of total dividends paid while Nestle, Total Energies Plc and eight others emerged as the highest in terms of dividends paid per share……………..read more
CBN defends naira with $3.36bn in two months – Punch
The Central Bank of Nigeria injected $3.36bn into the foreign exchange market in two months as part of efforts to ensure the stability of the naira. Figures obtained from the CBN’s January monthly report on ‘Foreign Exchange Market Developments’ showed that $1.71bn and $1.65bn were injected in December 2021 and January 2022 respectively. The report said, “Total foreign exchange sales to authorised dealers by the Bank was $1.65bn in January, representing a decrease of 3.1 per cent, relative to $1.71bn in December 2021……………read more
CBN Disbursed N40bn to IKEDC, Commends Pace of Lagos Rail Projects – Punch
The Central Bank of Nigeria (CBN) has revealed that it disbursed N40 billion to Ikeja Electricity Distribution Company (IKEDC),through it’s Real Sector Support Facility Discretionary Cash Reserve Ratio (RSSF- DCRR) to aide IKEDC’s mass metering projects and other developmental projects to enhance electricity distribution and productivity. The Director, Development Finance Department, Central Bank of Nigeria, Mr. Philip Yila Yusuf, disclosed during the CBNs on-site monitoring and evaluation of Eko Electricity Distribution Company, and the Red and Blue rail projects in Lagos yesterday. …………..read more
CBN denies Emefiele’s sacking – Daily Independent
The Central Bank of Nigeria has denied the sack of its Governor, Mr Godwin Emefiele, describing the report as an unfounded rumour. It was rumoured on Wednesday morning that Emefiele had been sacked by Nigeria’s President, Major General Muhammadu Buhari (retd), purportedly for his presidential ambition. The PUNCH had earlier sought clarification from the CBN’s spokesman, Mr Osita Nwanisiobi, but got no response from him………………. read more
Nigeria Still on JP Morgan’s Bond Index, Reclassification Not Due to CBN Lapses- Thursday
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has clarified that Nigeria is still on the JP Morgan Bond Index contrary to recent reports that the country had been delisted from the rating agency’s platform. Earlier reports had insinuated that JPMorgan had delisted the country from the market following the Nigerian National Petroleum Corporation (NNPC)’s inability to transfer earned funds from January to March to the government due to petrol subsidies and low oil production… ………………read more