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Daily Business News Brief | Tuesday December 14, 2021.


Nigeria’s Green Bond Market Exceeds N55Bn Mark as NGX Targets More Issuances – Thisday

Nigerian Exchange Limited (NGX) yesterday announced that the value of Nigeria’s green bonds market has grown to N55.52 billion within 2017 and 2021.  The Chief Executive Officer, NGX, Temi Popoola CFA, disclosed this during the Sustainable Finance Training 2021 hosted by NGX in collaboration with the International Finance Corporation (IFC)………….. read more

SEC to partner real estate stakeholders on housing deficit- Punch

The Securities and Exchange Commission has said it will be collaborating with stakeholders in real estate investment to reduce the country’s housing deficit. The Director-General, SEC, Mr Lamido Yuguda, said this during a meeting with the Nigerian Institution of Estate Surveyors and Valuers in Abuja. According to a statement, Yuguda said the SEC values the service that NIESV provides to the capital market and the nation. He added that there was a large room for greater collaboration between the commission and the institution…………….read more

Banks record N1.3tn non-performing loans, still above benchmark – CBN – Daily Independent

Banks recorded non-performing loans of N1.3tn as of November which is still currently above the industry benchmark, according to the Central Bank of Nigeria.  Figures obtained from the CBN on Monday showed that the bad loans represented 5.4 per cent of the total gross credit in the banking sector, which is higher than the 5.0 per cent prudential benchmark.  The CBN Governor, Godwin Emefiele, said in a report, “Prudential indicators such as NPLs stood at 5.4 per cent in November 2021, while the CAR remained above 15 per cent indicating continued resilience of our banking system……………….read more

NNPC to halt rising cooking gas price, increases supply – Thisday

The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, on Monday announced that NNPC was currently increasing the supply of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to force down its price.  Kyari, who announced this at the inauguration of a 120-metric tonnes LPG storage and bottling plant by Emadeb Energy Services Limited in Abuja, however, explained that the hike in cooking gas price was an international issue…………..read more

New taxes, tariffs may be imposed soon, declares FG- Punch

The Federal Government has indicated the possibility of introducing new taxes, tariffs and levies as part of measures to shore up its revenue.  This is just as the Federal Ministry of Finance, Budget and National Planning has said it is closely following the legal tussle instituted by some states against the Federal Government on collection and sharing of revenue from Value Added Tax to determine its next policies…………………read more

fake richard mille
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