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Nigeria in 1min: Economic, Business and Financial Headlines - 070223

Feb 07, 2023   •   by   •   Source: Proshare   •   eye-icon 367 views


Investors Gain N84.23bn as NGXASI Inches up Further by 0.29%; Overnight Rate Contracts by 0.02% to Close at 10.81%; BDC Rate Declines to N755 - The NGX All-Share Index inched up by 0.29% to close at 54,367.74 basis points as against 0.40% gain recorded previously to close at 54,213.09 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N84.23bn gain. YTD, the NGXASI Stands at +6.08%. Source Proshare Research Read More

February 2023 FGN Savings Bonds Offer for Subscription - Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, LFN 2004 Debt Management Office on behalf of the Federal Government of Nigeria Offers for Subscription and is authorized to receive applications for the Federal Government of Nigeria Savings Bond. Source DMO Read More



MPR: Tier-2 Banks Spent N413.5bn on Customers Deposit, Borrowings - Following aggressive inflation targeting that lead to consistent hike in Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which culminated at 16.5 per cent in the 2022 financial year, a total of six Tier-2 banks spent a whopping sum of N413.5 billion on customer deposits and local/foreign borrowings during the year. Source ThisDay Read More



Naira Redesign: Three States Seek Supreme Court’s Intervention - Three states from the northern part of Nigeria have approached the apex court to stop the federal government from going ahead with its demonetization policy, due to the unbearable hardship the policy is said to be bringing upon people in the affected states. Source ThisDay Read More



NAICOM Approves International Energy Insurance Plc Appointment of Mr Olasupo Oladeinde Sogelola as MD/CEO - International Energy Insurance Plc (the Company) wishes to notify that the National Insurance Commission (NAICOM) has given its No Objection to the appointment of Mr. Olasupo Oladeinde Sogelola as the Managing Director/Chief Executive Officer (MD/CEO) of International Energy Insurance Plc with effect from January 18, 2023. Source NGX Read More



Binance Tax Launched to Prepare Crypto Users for The Tax Season - On Feb. 6, crypto exchange Binance announced it is launching a tax reporting tool to help users stay on track of their crypto transactions for tax reporting purposes. Source Cointelegraph Read More


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