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Daily Business News Brief – November 3rd, 2023

Home   /   Business News Brief   /   Daily Business News Brief – November 3rd, 2023
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November 3, 2023
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in Business News Brief
Stock Market Ends Positive Trend, Drops by N297bn – Thisday
The Central Bank of Nigeria (CBN) has begun the settlement of foreign exchange forwards to banks. The Guardian gathered yesterday at the apex bank that the CBN has indeed started offsetting the outstanding forex forwards.
This is as the Naira improved to N786.02/$ at the official rate, while it also went up to N1012/$ at the parallel market as of yesterday evening…………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

CBN begins settlement of forex forwards as Naira rebounds – Guardian
Wema Bank Plc has announced its unaudited results for the third quarter (Q3) ended September 30, 2023, showing an improved third quarter performance.
According to the unaudited results released by the bank, it said it continued its growth trajectory and momentum across all key performance indicators.. …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

MTN Nigeria plans N52bn recapitalisation – Punch
MTN Nigeria has revealed plans to issue two series of commercial papers worth N52.895bn.
In a corporate notice filed with the Nigerian Exchange Limited on Thursday, the company said that Series 8 & 9 Commercial Paper notes would be under its N250bn Commercial Paper Issuance Programme. …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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