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Daily Business News Brief – February 24th, 2023

Home   /   Business News Brief   /   Daily Business News Brief – February 24th, 2023
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February 24, 2023
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in Business News Brief

NGX closes positive as investors gain N180bn – Punch
 
Gains recorded by MRS, MCNichols and others lifted the stock market by N180bn at the close of trading on the floor of the Nigerian equity market on Thursday. This bullish trend extended the gains recorded by stock investors after the dip experienced on Tuesday……… …………….……..Read More

BUA Foods Plc gains N119billion as investors position for dividend payout – Nairamatrics
 
BUA Foods Plc, one of the leading food and fast-moving consumer goods companies in the country, recoreded a gain of N199 billion at the end of Thursday’s trading session on top the gainers’ list for the day…….. …………….……..Read More

Naira Scarcity: CBN launches eNaira enhanced services, to be funded with GSM recharge cards –  Nairametrics
The Central Bank of Nigeria (CBN) announced the development of the enhanced eNaira service to address issues facing Nigerians with the Naira redesign policy………………..……..Read More

Nigerian Banks Face Credit Risks From Regional Expansion – Fitch – Dailytrust
 
Nigerian banks will face near-term execution and credit risks from their presence in other Sub-Saharan African (SSA) markets, depending on the degree of operating environment difficulty and underlying sovereign ratings of these markets, Fitch Rating has said……………….……..Read More

CBDC: CBN to Include More Telcos, Urges Nigerians to Embrace eNaira – Thisday
The Central Bank of Nigeria (CBN) has announced that it is in talks to include other telcos on the Central Bank Digital Currency (CBDC) eNaira platform to widen its adoption and acceptance nationwide. Currently, eNaira transactions are only enabled on MTN and 9mobile network but that will soon change if everything goes according to plan.. …………….……..Read More

Privatisation: FG Begins Verification Of NIPOST Properties – Dailytrust
 
Nine firms have been approved by the National Council on Privatisation (NCP) under the chairmanship of Vice President Yemi Osinbajo to carry out a nationwide verification of NIPOST Properties & Development Company Limited………………..……..Read More
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