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Daily Business News Brief |  Friday, February 4th,  2022.


Popoola: Technology, Partnership, Others Top on NGX’s 2022 Agenda – Thisday

The Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr. Temi Popoola, has stated that technology, partnership and sustaining the momentum it has created in its digital journey will top the NGX agenda in 2022. He stated this yesterday in Lagos while presenting the NGX’s 2021 Market Recap and Outlook for 2022……………. read more

Well-regulated capital market’ll create wealth for Africa – Elumelu – Punch

The Chairman of United Bank for Africa Plc, Mr Tony Elumelu, has said a well-regulated capital market will help to create wealth for Africa.  Elumelu said this at the Jamaican Stock Exchange’s 17th regional investment and capital markets annual conference 2022.  In his speech, Elumelu who is also the chairman of Heirs Holdings Limited, said UBA plans to invest in the Caribbean market.  “I have often said that the capital market is the engine of capitalism.  A well-regulated, responsible capital market is of positive benefit to an economy. Properly run, it can democratise wealth and sustain growth,” he said…………… read more

CITN, others oppose bill to make ICAN regulate tax practice – Daily Independent.

The House of Representatives’ Committee on Finance held a public hearing on the Institute of Chartered Accountants of Nigeria (Amendment) Bill on Wednesday, parts of which several professional bodies described as injurious to the regulation of accounting and tax professionals in the country.  The legislation is titled ‘A bill for an Act to amend the Institute of Chartered Accountants of Nigeria Act 1965, CAP. 111 LFN, 2004 is to address emerging trends in the Nigerian economic environment and for related matters (HB 1178).’  Major stakeholders in the accounting profession and finance sector criticised some clauses in the bill at the hearing, especially Clauses 21 and 28, which seek to define tax practitioners as accountants and confer the power of regulating tax practice in the country on ICAN……………read more

FG: N250bn Sukuk Proceeds to Form Part of 2021 Capital Funding  –  Punch

The federal government has explained that proceeds of the N250 billion sovereign Sukuk issued last December by the Debt Management Office (DMO) would be released as part of the 2021 capital expenditure. ……………..read more

Fidelity Bank Finances 400MT Per Day Ultra-Modern Rice Milling Factory – Punch

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele joined the Managing Director of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe and a host of dignitaries including two state governors to commission a 400 metric tons per day mega rice mill in Kano state constructed by Gerawa Group of Companies. ………….. read more

fake richard mille
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