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Daily Business News Brief |  Thursday, March 3rd,  2022.


NGX to Implement New Strategy Centered on Digital Transformation, Customer-centric Solutions – Punch

As part of ongoing activities aimed at improving business operations and processes at Nigerian Exchange Limited (NGX), the Board of the Exchange yesterday has approved a new strategy centered on digital transformation, strategic partnerships, and customer-centric solutions.  The Exchange in statement obtained by THISDAY noted that the new strategy will ensure that the bourse becomes a “LEADING” organisation with a focus on deepening the capital market, diversifying our products and services, enhancing retail participation, and delighting our stakeholders across board……………….. read more

Seplat Energy grows profit by 128.9% – Vanguard

SEPLAT Energy Plc has announced its audited results for the full year ended December 31, 2021, recording a 128.9 per cent growth in its gross profit to hit N114.2bn.  It also announced a 38.2 per cent rise in its 2021 full-year revenue to N293.6bn, and a growth in profit before tax by 321.1 per cent to N71bn.  Commenting on the oil firm’s 2021 financial results, its Chief Executive Officer, Roger Brown, said, “Seplat Energy announced a major acquisition last week and despite a challenging year for Nigerian oil and gas, the robust results delivered today clearly show how our increasing financial strength has made such an acquisition possible…………….. read more

Transcorp Hotels Announces 143% Increase in Gross Profit, Shareholders to Get N717m Dividend – Punch

Transcorp Hotels Plc has announced a gross profit of N16.23 billion for the year ended December 31, 2021 as against N6.67billion reported in 2020, indicating a 143 per cent increase  The results released to the the Nigerian Exchange Limited (NGX) showed a 114 per cent growth in revenue to N21.74billion from N10.16billion in 2020……………… read more

CBN e-valuation: Clearing agents insist on strike despite Customs intervention – Punch

EFFORTS by the management of the Nigeria Customs Service, to get striking clearing agents back to work seem to have failed as the meeting between the two parties has ended in a deadlock.  The freight forwarders operating at both the Tin-Can Island as well as the Ports & Terminal Multipurpose Limited commands of the Customs had last week begun an indefinite strike following the expiration of a 72-hour ultimatum given to the Federal Government to review the electronic valuation system for imported vehicles and cargoes………………. read more

‘12, 000 imported vehicles trapped in ports over strike’- Thisday.

The Ndigbo Amaka Progressive Association, Southeast Lagos and Shippers Association of Lagos have said that over 12,000 imported vehicles are currently trapped at the ports as a result of the ongoing strike action embarked upon by clearing agents over the e-valuation policy introduced recently by the Central Bank of Nigeria and the Nigeria Customs Service.  Last week, freight forwarders operating at both the Tin-Can Island as well as the Ports and Terminal Multipurpose Limited commands of the Customs began an indefinite strike following the expiration of a 72-hour ultimatum given to the Federal Government to review its electronic valuation system for imported vehicles and cargoes………………… read more


fake richard mille
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