Currency in Circulation Now N2.26trn - CBN   Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central Bank of Nigeria (CBN). According to figures obtained from the CBN, the currency outside banks rose by 185.68 per...

Stock Investors Record N8bn Gain In One Week   The bullish trading experienced in recent times on the Nigerian Exchange Limited (NGX) slowed this past week, recording a gain of N8bn for investors. With market capitalisation ending at N35.994tn previous Friday, trading activities kicked off on a...

Reps Probe, Direct NNPC Limited to Suspend OVH Acquisition The House of Representatives has asked the Nigerian National Petroleum Company Limited (NNPCL) to suspend the acquisition of OVH Energy Marketing, the company behind the Oando Retail brand in West African countries. This call was a sequel...

CBN Limits Transactions On PAPSS By Dealer Banks To $200,000   The Central Bank of Nigeria (CBN) has limited the number of dollars to be transacted on the Pan-African Payment and Settlement System (PAPSS) to $200,000 per quarter by authorised dealer bank (ADB) and $20,000 per...

NGX: Stakeholders To Receive N491m Maiden Dividend   Shareholders of Nigerian Exchange Group (NGX Group) will receive N491 million as interim cash dividend, the first payout to be made by the group after it transited to a profit-making entity. The Board of Directors of NGX Group, after...

MAN Tasks Exporters On AfCFTA As Nigeria's Absence Sparks Reaction   The Manufacturers Association of Nigeria Export Promotion Group (MANEG), a subgroup of the Manufacturers Association of Nigeria (MAN), has urged exporters in the country to fully participate in the African Continental Free Trade Agreement (AfCFTA)...