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Daily Business News Brief |  Friday, January 14th,  2022.

14
Jan

Zenith Bank Outpace GTCO In Stock Price on NGX – Thisday

For the first time in many years, the stock price of Zenith Bank Plc on the Nigerian Exchange Limited (NGX) has outpaced that of Guaranty Trust Holdings Plc (GTCO). According to capital market analysts, the stock price of Zenith Bank in the last 10 years has not outpaced GTCO………………. read more

Diesel hits N350/litre, surges by 56% in one year – Punch

The price of Automotive Gas Oil, also known as diesel, has increased further to N350 per litre in some filling stations in Lagos.  The PUNCH had reported on October 7, 2021 that fuel marketers had increased diesel price to N320 per litre as the further rise in global crude oil prices and naira depreciation pushed up the cost of importing fuel into the country.  The price of diesel, which is not regulated by the government, has surged by over 40 per cent so far this year from an average price of N225 per litre in January……………….. read more

NLNG suspends cooking gas export, channels 100% to domestic market – Punch

The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent of the Liquefied Petroleum Gas (butane and propane) produced by the company to the Nigerian market. The NLNG said in a statement that it would prioritise the domestic market for 100 per cent of its butane (cooking gas) production. It noted that it supplied its first propane cargo into the domestic market three months ago. The company said it had developed a scheme to sustainably supply propane for usage in cooking gas blending as well as in agro-allied, autogas, power and petrochemical sectors of the Nigerian economy to further deepen gas utilisation in the country……………. read more

CBN fails to curb inflation, halt naira slide, says report – Vanguard

Bayelsa State Governor Douye Diri on Thursday granted the Nigerian Air Force request that special air force personnel be integrated into the security component of the Bayelsa International Airport to ensure adequate security at the aviation facility.  Diri also granted request for land to build a new residential quarters for the Nigerian Air Force Mobility Command at the New Yenagoa City in the state capital. The governor acceded to the requests when he received the new Air Officer Commanding Mobility Command of the Nigerian Air Force, Yenagoa, Air Vice Marshal Iboro Etuk-Udoh, in Government House…………….read more

Lagos Tops as Foreign Capital Importation Increases to $1.73bn in Q3 – Daily Independent.

The total value of capital imported into the country in the third quarter of last year (Q3, 2021) stood at $1.73 billion, representing 97.73 per cent increase compared to the $875.62 million recorded in the preceding quarter. According to the Nigerian Capital Importation Q3 2021 report, which was released by the National Bureau of Statistics (NBS), capital importation further increased by 18.47 per cent when compared to the $1.46 billion posted in Q3 2020…………..read more

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