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Oduwacoin, three other cryptocurrencies you can buy below $1

January 25, 2023 TheBoss 0

In the era of global historical inflation, investors are seeking assets that could act as a store of value but wouldn’t cost them a arm and a leg to purchase. Last year, the global market suffered a significant decline in purchasing power, with UK reporting 41-year-high inflation and US recording a rate that hasn’t been […]

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CBN intervention programs gulps over N1trn in 3 months

January 25, 2023 TheBoss 0

The Central Bank of Nigeria (CBN) has provided a detailed breakdown of how much has been spent on various intervention programmes across sectors of the economy. CBN disclosed the breakdown in a communiqué issued at the end of the first MPC meeting in 2023 published on its website. The communique noted that the performance of […]

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FCMB receives CBN’s approval to seek local investors

January 25, 2023 TheBoss 0

The management of First City Monument Bank (FCMB) Group is looking to increase the company’s liquidity to finance operation. FCMB has received approval from the capital market regulator, Securities and Exchange Commission (SEC), to approach the local capital market to borrow N30 billion. The N30 billion will be borrowed through the bond issuance programme under […]

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CBN dismisses reports on scarcity of new Naira notes

January 24, 2023 TheBoss 0

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, dismissed reports on the scarcity of the new Naira notes. Emefiele, who spoke during a sensitization exercise in Jos, Plateau State, said the commercial banks had received a sizable amount of fresh notes to distribute at counters and Automated Teller Machines (ATMs) […]

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NGX: Investors in Nigerian Breweries, Caverton, others lose N24.5bn to low demand for shares

January 24, 2023 TheBoss 0

Investors in the Nigerian capital market with Nigerian Breweries, Caverton and other entities’ shares lost N24.58 billion following the dip in equity capitalization by 0.08 percent on Tuesday. The development brought down the market capitalization from N28.68 trillion to N28.65 trillion after five hours of trading today. Similarly, the All-Share Index was down by 45.14 […]

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CBN counters FG, IMF growth projection for Nigeria’s economy, rolls out sources of shocks

January 24, 2023 TheBoss 0

The Central Bank of Nigeria (CBN) has countered the projections of the Federal Government and the International Monetary Fund (IMF) for Nigeria’s economy in 2023. On Tuesday, the central bank said Nigeria’s economy would grow at a slower pace than projected by the Nigerian government and the global financial body. According to the apex bank […]

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CBN insists on January 31 deadline for return of old notes

January 24, 2023 TheBoss 0

Despite pressures, the Central Bank of Nigeria (CBN) has again reiterated its stance that there will be no extension to the deadline of January 31, 2023, for the return of old naira notes. Responding to questions after the first monetary policy meeting on Tuesday in Abuja, Godwin Emefiele, the CBN governor confirmed no deadline extension. […]

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JUST IN: Borrowing to get more expensive as CBN increases interest to 17.5%, highest in 22 years

January 24, 2023 TheBoss 0

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted Tuesday to continue its increase in the benchmark interest rate by 100 basis points to 17.5 percent. The CBN governor, Godwin Emefiele, disclosed this while reading the communique of the first MPC meeting of the year on Tuesday, 24 January 2023. The […]

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Unilever loses 64.51% revenue, investors part ways with firm

January 24, 2023 TheBoss 0

Unilever lost 64.51 per cent of its revenue to expenses in 2022, as production cost grew by 14.10 per cent during the same period in review. According to the year-end financial statement 2022 obtained by Ripples Nigeria, Unilever reported N88.72 billion turnover between January to December last year. The revenue increased by 25.80 per cent […]

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