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August 29, 2022
NGX to Highlight Impact of Circuit Breakers in Capital Market – Thisday |
The Nigerian Exchange Limited (NGX) has announced that is set to host capital market stakeholders to a Circuit Breaker webinar this week. The virtual event themed, “Role and Impact of Index Circuit Breakers in the Capital Market”, is designed to increase awareness and enhance the understanding of NGX Circuit Breakers among stakeholders………….Read More |
eNaira to Boost e-Commerce by 50%, Says Emefiele – Punch |
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has urged the trade associations and merchants to take advantage of the numerous benefits provided by the Central Bank Digital Currency (CBDC) also known as eNaira to promote and grow their businesses. Specifically, Emefiele said the availability of eNaira payment option on e-commerce merchant platform such as Remita will complement the existing digital payment system, translating to about 50 per cent increment in e-commerce transactions and at a lower cost………..Read More |
Relief as CBN releases $265m to foreign airlines – Punch |
The Central Bank of Nigeria on Friday, released $265m to airlines operating in the country, to settle outstanding ticket sales to check a brewing crisis in the country’s aviation sector. There have been serious concerns and reactions over hundreds of millions of dollars earned by foreign airlines operating in the country which they could not repatriate due to foreign exchange scarcity problems…………..Read More |
CBN: Diaspora Remittances Through Naira to Dollar Scheme Hits $2.4bn in Eight Months – Thisday |
Companies requiring immediate short-term/long-term capital to stay afloat raised a total of N826.64 billion Commercial Paper (CP) and corporate bonds on FMDQ Exchange in seven months of 2022. According to the latest financial markets monthly report released by FMDQ Exchange, a total sum of N524.84 billion and N301.8billion were raised by companies through CP and corporate bonds in the period under review, respectively…………..Read More |
‘18.44% ICT Contribution to GDP in Q2, Highest Ever’ – Daily Independent |
The Nigeria Labour Congress (NLC) has urged the federal government to urgently review downwards the operating licences of media organisations in the country in response to the prevailing harsh economic condition. The Nigerian Broadcasting Commission (NBC) recently notified the management of 52 electronic media organisations in the country of its decision to withdraw the licences of 52 media houses for their inability to pay for their license renewal…….…..Read More |