The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says the proposed redesigning of the Naira could impact positively its value.

Guaranty Trust Holding Company Plc (GTCO) on Wednesday released its unaudited consolidated and separate financial statements for the period ended Sept. 30, to the Nigerian Exchange Ltd. (NGX) and London Stock Exchange (LSE).

Some financial experts have commended the Central Bank of Nigeria (CBN) for its decision to redesign the naira, saying that it would have a positive effect on the economy.

Tranzfar, a payment solution provider, on Wednesday unveiled a ‘freedom account’, a technology-backed payment application that enables remit of foreign currency directly into accounts from Africa.

Guinness Nigeria Plc, has declared a revenue of N206.88 billion for the financial year ended June 30, 2022, against N160.42 billion it declared in the corresponding period of 2021, translating to a 29 per cent increase.

Deposit banks’ borrowing from the Central Bank of Nigeria, CBN, rose year-on-year by 12 per cent to N2.02 trillion in September 2022.

The International Monetary Fund, IMF, has advised Nigeria and other countries to make clear policy decisions for price stability amid rising inflationary pressures.

The Naira on Wednesday exchanged at N440.67 to the dollar at the Investors and Exporters window, an appreciation of 0.11 percent, compared with N441.17 to the dollar it exchanged on Tuesday.

The Naira on Tuesday exchanged at N441.17 to the dollar at the Investors and Exporters window, a depreciation of 0.46per cent, compared with N439.17 to the dollar at the close of business on Oct. 7.

The Nigerian National Petroleum Company Limited, NNPC, says it uncovered an illegal 4-kilometre pipeline from Forcados terminal to the sea, and a loading port that had operated undetected in the last nine years.

The Director-General, Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Mr Olawale Fasanya, has reiterated the need for small and medium-scale businesses to tap into the export market.

Godwin Emefiele, the Governor, Central Bank of Nigeria (CBN) has urged early detection of challenges in banks and quick intervention to avert financial distress of depositors.