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CBN denies withdrawing new N1000, N500, N200 notes from circulation
Abuja, May 1, 2023 -The Central Bank of Nigeria (CBN) has denied a fake news item that the apex bank is withdrawing the recently redesigned N1000, N500 and N200 banknotes from circulation. A statement signed by Isa AbdulMumeen, the acting head of Corporate Affairs of the apex bank, said the fake news, particularly in the social media, should be disregarded. “We wish to state emphatically that such speculation is unfounded and a ploy by some interests to cause panic among members of the public. “We wish to reiterate that the …
NGX traded N59bn worth of shares last week
Lagos, May 1, 2023 – A total of 14.029 billion shares worth N59.007 billion were traded in 24,048 deals by investors on the floor of Nigerian Exchange (NGX) last week. These were in contrast to the 3.920 billion shares valued at N15.620 billion that exchanged hands in the preceding week. The Conglomerates Industry, measured by volume, led the activity chart with 11.399 billion shares valued at N30.990 billion traded in 2,310 deals. The sector contributed 81.25 per cent and 52.52 per cent to the total equity turnover volume and value, …
Buhari holds closed-door meeting with Tinubu
Abuja, April 29, 2023 – President Muhammadu Buhari on Friday met behind closed doors with the President-elect, Bola Tinubu, and later offered Friday prayers at the State House Mosque, Aso Rock Villa, Abuja. A statement by Malam Garba Shehu, on Friday in Abuja confirmed that the two leaders had a closed-door meeting at which they greeted one another on the Sallah occasion following the completion of the 30-day Ramadan fast. According to Shehu, they privately discussed a host of issues of common concern to them. The President-elect was accompanied to …
FG postpones 2023 Census
Abuja, April 29, 2023 – President Muhammadu Buhari has approved the postponement of the 2023 Population and Housing Census. The decision was taken at a meeting with some members of the Federal Executive Council and the National Population Commission on Friday night. The census, which was to hold from May 3 to May 7, will be held at a date to be determined by the incoming administration A statement by the Minister of Information and Culture, Lai Mohammed on Saturday, confirmed this development. “ In arriving at the decision to …
FG insists on petrol subsidy removal by June
Abuja, April, 28, 2023 – The Federal Government on Friday insisted that removal of fuel subsidy would still take effect in June 2023. The Federal Government issued a statement on Friday to clarify its stance on petrol subsidy removal against the backdrop of press reports on Thursday that government had suspended the removal of subsidy. The statement from the Federal Ministry of Finance, Budget and National Planning, said that there was “no change in the overall policy direction regarding the petrol subsidy envisaged by June 2023”. The statement, signed by Yunusa Tanko …
Afreximbank wins 7 awards at 2023 Capital Markets Africa Awards
Cape Town (South Africa), April 28, 2023 – The African Export-Import Bank (Afreximbank) won seven awards at the just concluded Bonds, Loans & ESG Capital Markets Africa Awards 2023. Afreximbank said in a statement on Friday that its success at this year’s awards reflected the Bank’s increasingly well-established leadership position in the loan and debt capital markets on the continent across the main industry sectors. The 8th Annual Bonds, Loans & ESG Capital Markets Africa Awards recognises – and seeks to showcase – the most innovative and groundbreaking deals from …
10 feared killed by tanker explosion in Jos
Jos, April 27, 2023 – Ten persons were feared dead on Thursday afternoon when a petrol-laden tanker crashed and exploded at Bauch Road Junction in Jos. The Plateau State Police Command has confirmed the incident and the number of casualties. It said that a team of detectives had been deployed to the scene to determine the level of damages. Bodies of unidentified victims had been evacuated and deposited at the Plateau Specialist Hospital, while the rescue operation lasted. Some personnel of the Federal Road Safety Corps, motorists, pedestrians and business …
First batch of Nigerian evacuees from Sudan to arrive Friday
Abuja, April 27, 2023 -The first batch of Nigerian evacuees from Sudan will arrive in Nigeria on Friday. Mrs Abike Dabiri-Erewa, the Chairman of Nigerians in Diaspora Commission (NIDCOM), announced this on Thursday while speaking at the weekly Ministerial Briefing of the Presidential Communication Team. She said 13 buses had departed from two universities in Khartoum to the Aswan border in Egypt where the students would be airlifted to Nigeria. Dabiri-Erewa said another challenge faced by the government was the higher number of Nigerians expressing interest in returning home than …
NGX becomes first exchange group to achieve EDGE certification
Lagos, April 27, 2023 – The Nigerian Exchange Group Plc (NGX Group) has been awarded the EDGE certification, making it the first exchange group globally and the first indigenous Nigerian organization to be EDGE certified. NGX Group was certified at the EDGE Assess level, which highlights the progress the company has made on diversity, equity, and inclusion and its commitment to ensuring equal opportunities across its talent pool. EDGE, which stands for Economic Dividends for Gender Equality, is the leading global standard for Diversity, Equity, and Inclusion (DE&I), centred on …
Maritme security: Inter-agency collaboration is critical – NIMASA
Lagos, April 27, 2023 – Dr Bashir Jamoh, the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), says inter-agency collaboration is critical to sustaining the efforts to curb criminal activities in the Nigerian waters and the Gulf of Guinea (GoG). The NIMAS DG made the observation when he played host to the Interim Administrator of the Presidential Amnesty Programme (PAP); Majo General (rtd) Barry Ndiomu in Lagos. He applauded the visit of the Amnesty boss, saying that it was timely and a wake-up call to synergy in order …