Daily Business Headlines – November 24, 2022


Dangote Cement, BUA Cement Stocks Cause Market To Sustain Gain Despite Rate Hike

Nigeria’s equities market closed in the positive region on Wednesday, the third time this week, despite Tuesday’s hike in Monetary Policy Rate (MPR). The market has increased this week by 3.91percent. The Monetary Policy Committee (MPC) on Tuesday decided to raise the Monetary Policy Rate (MPR) by 100 basis points… Read More

Central Bank’s Redesigned Naira Notes Draws Derision

Many Nigerians appear unimpressed with the redesigned Naira notes as they took to social media to express their disappointment with an exercise that was announced with so much fanfare but produced uninspiring results. Godwin Emefiele, Nigeria’s Central Bank governor on October 26 called a press conference… Read More

CBN Holds International Financial Inclusion Conference

The National Financial Inclusion Steering Committee (NFIS) headed by the Central Bank of Nigeria (CBN) is set to host its maiden International Financial Inclusion Conference (IFIC’22) on November 24 and 25, 2022. The conference themed “Financial Inclusion for all: Scaling Innovative Digital Models’ will take place in Abuja… Read More


Finance Minister To Launch Revised Capital Market Master Plan Today

The Minister of Finance, Budget and National Planning Mrs. Zainab Ahmed is to launch the Revised Capital Market Master Plan that is expected to be the Roadmap for the capital market for the next few years. This is also as the Securities and Exchange Commission has scheduled to hold the Third Quarter Capital Market… Read More



DMO Offers N100bn Sovereign Sukuk To Augment N3.6trn Domestic Borrowing, Builds Roads

The Debt Management Office (DMO), on Wednesday, revealed that it was offering a fresh N100 billion Sukuk, the third of its kind, in line with its mandate to raise N3.6 trillion loan locally to augment the 2023 budget, while closing the road infrastructure gap in the country. Sukuk is a project-tied borrowing that enables the government… Read More


Emefiele To Speak On Economic Outlook

The Governor, Central Bank of Nigeria, Dr. Godwin Emefiele, will address stakeholders on economic and financial markets development on the economic outlook for the coming year. A statement said Emefiele would speak at the Annual Banker’s dinner of the Chartered Institute of Bankers of Nigeria which would hold in Lagos… Read More


Federal Account Allocation Committee: Federal Government, States, Local Governments Share N736.782bn October 2022 Allocation

The Federation Account Allocation Committee (FAAC) has shared a total sum of N736.782 billion October 2022 Federation Account Revenue to the Federal, States and Local Governments. This is contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for November 2022… Read More



British Envoy Decries Electoral Violence

British High Commissioner to Nigeria, Catriona Lang, has expressed concerns over the spate of violence at political campaigns. Lang, who spoke during a visit to the PDP national chairman, Iyorchia Ayu, said when the electorate feel intimidated, they would not go out to vote and that would ultimately affect the credibility of the election… Read More


2023 Poll Will Dislodge Desperate Politicians, Igini, Amadi Declare

Speakers at the inaugural Ariyo Dare-Atoye Memorial Election Management and Governance Dialogue Series have extolled the provisions of Electoral Act 2022. They included former Akwa Ibom Resident Electoral Commissioner (REC), Mr. Mike Igini; Director of Abuja School of Social and Political Thoughts… Read More



Chamber Identifies Tech As Veritable Tool To Fight Unemployment The Nigerian-British Chamber of Commerce (NBCC) has identified technology as a veritable tool in boosting employment, given the significant opportunities it offers in the face of the staggering unemployment rate in the country. Driven by a desire to bridge the knowledge gap and equip young people with requisite tech skills… Read More