SEC pushes for 50 Shari’ah-compliant products listings worth N5trn by 2025
The Director-General, SEC, Mr. Lamido Yuguda, who was represented by the Executive Commissioner Operations, Mr. Dayo Obisan, at a “capacity building workshop for local Shariah talent for non-interest capital market – level II,” in Abuja, said Non-Interest Capital Market (NICM) segment of the revised Capital Market Masterplan (2021 – 2025), targets 100 retail Shariah-compliant products […]
12.5kg cooking gas price may hit N18,000 December
Gas retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December if the Federal Government does not restrict the activities of the terminal owners. The President, Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, told The PUNCH on Sunday, that the price of Liquefied Petroleum Gas also known as cooking gas […]
At 2.66tn, Currency in Circulation Hits Record High in 2023
The Central Bank of Nigeria (CBN) has revealed that currency in circulation increased to N2.66trillion in August from N2.6trillion in July amid rising inflation in Nigeria. The reported N2.66trillion as of August is the highest so far this year. Currency in circulation has gained 2.48per cent Month-on-Month and dropped by 17.14 per cent Year-on-Year (Y-o-Y), […]
Cardoso faces tough test amid FX crisis, rising rates
The newly nominated Governor of the Central Bank of Nigeria, Yemi Cardoso, has to tackle the country’s foreign exchange shortage and the double-digit interest rate that hurts businesses. He also has a Herculean task of taming the accelerating inflation rate, writes SAMI OLATUNJI The announcement of the nomination of Yemi Cardoso as the new governor of […]