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Daily Business News Brief |  Monday, March 14th,  2022.

14
Mar

NGX Gets SEC Approval to Charge 0.0375% on Fixed Income Primary Issuance –  Thisday

The Nigerian Exchange Limited (NGX) has received approval from the Securities and Exchange Commission (SEC) to commence 0.0375 per cent fees on corporate bonds of issuers with an existing equity on the bourse. The latest notification titled: “The revised fees on fixed income primary issuance on the Exchange-non exclusive (Dual) listing” commenced March 10, 2022,” was signed by the Chief Executive Officer, NGX regulation Limited, Tinuade Awe ……………… read more

Bakers threaten shutdown as diesel price, others soar – Vanguard

Bakers under the aegis of Premium BreadMakers Association of Nigeria are mulling a total shutdown of operations, following steady and fast increases in the price of diesel in the past few days. The association said the continued rise in the price of diesel had made the price of the commodity to be doubled, warning that a total shutdown of operations by break-makers was imminent.  The PBAN President, Emmanuel Onuorah, made the declaration during an interview with our correspondent……………… read more

NNPC headquarters, refineries’ post N123.64bn deficit in nine months – Punch

The latest monthly oil and gas report of the Nigerian National Petroleum Company Limited has revealed that the combined deficit of the headquarters of the NNPC and the three refineries under its management from January to September 2021 is N123.64bn.  Figures contained in the September 2021 report indicated that while the cumulative deficits of the three refineries during the period was N46.52bn, the cooperate headquarters of the oil firm posted a deficit of N77.12bn……………… read more

Negotiations with labour on fuel subsidy removal still ongoing – Thisday

The Federal Government is still in negotiations with the organised labour as regards the removal of subsidy on Premium Motor Spirit, popularly called petrol, it was gathered on Sunday. Officials of the Nigerian National Petroleum Company Limited and the Nigerian Midstream and Downstream Petroleum Regulatory Authority stated that the removal of subsidy on petrol had been an explosive issue.  This, they said had made the government engage in negotiations with the organised labour on the matter despite the persistent rise in the amount being spent on subsidy amidst the recent increase in global crude oil prices……………. read more

Lafarge Africa: Trade, Other Receivables Slow Down Revenue – Daily Independent

With about 43.11 per cent increase in trade & other receivables, Lafarge Africa Plc recorded a slow growth in revenue but maintained effective finance management in finance cost and income to boost profit and shareholders return on investment ……………………read more

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