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Daily Business News Brief – February 16th, 2023


Old 500, 1000 Naira notes cease to be legal tender, says Buhari – Guardian
Nigeria President Muhammadu Buhari on Thursday said old ₦‎500 and ₦‎1000 naira notes are no longer legal tenders in the country Buhari said this in a national broadcast aired on national stations. He, however, directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation as legal tender for the next 60 days. …………….……..Read More

Buying interest in Lafarge, 19 stocks lift indices further by N6 billion – Guardian
The Nigerian Exchange Limited (NGX) sustained gains to three consecutive trading sessions yesterday, occasioned by buying interest in Lafarge Africa and 19 stocks, as market capitalisation increased further by N6 billion……………….……..Read More

Stock Exchange boss recommends options for improved govt revenue, GDP – Vanguard

Ahead of the forthcoming regime change following a general election next week, Temi Popoola, CEO, Nigerian Exchange Limited (NGX), has recommended that public policy should be directed at using the capital market to boost revenue and enhance  Gross Domestic Product, GDP, required to increase wealth and reduce poverty in Nigeria ……………..……..Read More

IEI re-enters market with innovations – Vanguard

International Energy Insurance Plc said that it is re-entering the insurance market with innovative products, quality service delivery and value creation Speaking at a press briefing in Lagos,   Managing Director/CEO of the company, Mr. Olasupo Sogelola, said the company is putting customer satisfaction into focus, adding: “We will be taking care of our customers’ very specific needs in insurance and other related services …………….……..Read More

FMN Set to Unveil Innovative Businesses Driving Local Content Development – Thisday

Flour Mills of Nigeria Plc (FMN), has announced its Prize for Innovation 2.0 pitch event, which will stream on digital platforms. In a statement, FMN said the live pitch event is set to air on February 18, 2023, and will feature six of the most promising innovators in the food and agro-allied sector.. …………….……..Read More
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