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Daily Business News Brief |  Friday, March 11th,  2022.

11
Mar

Capital Market Stands to Gain From 2021 Finance Act –  Thisday

The Nigerian Exchange Limited (NGX) has said collaboration and engagement with stronger voice will help to address several policy changes recently affecting the capital market. ……………… read more

Russia-Ukraine: Higher food, fuel prices loom in Nigeria, others, says IMF- Vanguard

The International Monetary Fund has said Nigeria and other African countries are vulnerable to higher food and fuel prices, low tourism revenues, and difficulty accessing the international capital market as a result of the war going on in Ukraine.  The Managing Director, IMF, Ms Kristalina Georgieva, disclosed this after meeting with African Ministers of Finance, African central bank governors, and representatives from the United Nations Economic Commission for Africa to discuss the impact of the crisis in Ukraine………………. read more

CBN increases currency in circulation by N418bn over cash transactions – Punch

THE currency in circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December,  2021, according to figures obtained from the Central Bank of Nigeria. The CBN data showed that currency in circulation had increased by 19.06 per cent from N2.44tn recorded as of December, 2019. The CBN said in its report on currency operations that, “the growth in CIC reflected the continued dominance of cash in the economy.”……………… read more

Analysts Optimistic of Nigeria’s Economic Growth in 2022 – Thisday

Analysts have predicted that Nigeria’s economy may witness growth in 2022, stating that the recovery path in 2021 will be critical in shaping the business and macroeconomic environment this year. …………… read more

FirstBank Rewards Customers with N50m in Verve Card Campaign – Daily Independent

FirstBank, Nigeria’s leading financial inclusion services provider has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card.  The bank in a statement said the eight-week promo will end on Wednesday, 30 March 2022 as 2,601 customers will win various prizes……………………read more

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