CBN gives payment providers 30 days to commence tracking of POS transactions
The Central Bank of Nigeria (CBN) has issued a 30-day ultimatum to Payment Service Providers (PSPs) in the country
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MARKETS
Unity Bank projects N27bn in Q4 earnings, targets N4bn profit
Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax of N4 billion in Q4,
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Quidax and Busha become Nigeria’s first official crypto exchanges
Nigeria’s Securities and Exchange Commission (SEC) has officially recognised Quidax and Busha as legally sanctioned cryptocurrency exchanges. This milestone
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CBN lifts suspension on bank borrowing, sets 31.75% lending rate
The Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its Standing Lending Facility (SLF)
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NGX and UNIMAID forge strategic partnership to enhance capital market education
Nigerian Exchange Limited (NGX) and the University of Maiduguri (UNIMAID) have signed a Memorandum of Understanding (MoU) to bridge the
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SEC approves Nigerian Breweries’ N600bn Rights Issue
The Securities and Exchange Commission (SEC) approves Nigerian Breweries’ N600bn Rights Issue as largest brewer struggles on FX debt
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FG requests BVN, NIN for $500m bond subscription
The Federal Government has said that investors seeking to invest in its latest financial instrument must disclose specific identification
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Union Bank reports 20% growth in PBT H1, 2024, despite CBN’s intervention
Despite the challenging environment following the Central Bank of Nigeria’s intervention in January 2024, which led to heightened customer
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NGX RegCo applauds FRCN for spearheading Sustainability Reporting in Africa
The Chief Executive Officer of NGX Regulation Limited (“NGX RegCo”), Mr. Olufemi Shobanjo, has commended the Financial Reporting Council of
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NNPC posts N3.3trn net profit, declares N2.1trn dividend for 2023 financial year
targets 2mbpd crude oil production by Dec 2024 The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring
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