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Daily Business News Brief | Wednesday, March 16th,  2022.



Dangote Cement, MTN Nigeria Lead 14 Others in N589.6bn Tax to FIRS, Others –  Thisday

Results released so far by 17 companies listed on the Nigerian Exchange Limited (NGX) has revealed that they paid a total of N589.6 billion as tax in 2021 to the Federal Inland Revenue Service (FIRS), other tax authorities in Nigeria and African countries where they operate………………..read more

Nigeria recorded N1.94tn trade deficit in 2021,- Vanguard

NIGERIA recorded N1.94tn foreign trade deficit in 2021, figures obtained from the National Bureau of Statistics revealed on Tuesday.  According to its ‘Foreign trade in goods statistics Q4, 2021 report’, this was an improvement from N7.37tn trade deficit recorded in 2020.  Also, the data revealed that Nigeria’s total foreign trade rose by 22.61 per cent in 2021 to hit N39.75tn.  The NBS also disclosed that total export for 2021 stood at N18.91tn while total import stood at N20.84tn, leaving a trade deficit of N1.94tn………………. read more

14 Companies Raise N103.34bn CPs on FMDQ in 2 Months – Punch

As companies needed short-term capital to stay afloat, data obtained by THISDAY has revealed that 14 companies raised N103.34 billion worth of Commercial Paper (CPs) on FMDQ Exchange platform between January and February of 2022. ……………… read more

Nigeria generates over $3bn from non-oil export, says NEPC – Thisday

THE Nigerian Export Promotion Council has said that the country exported non-oil products worth $3.455bn in the 2021 fiscal year.  The Executive Director, NEPC, Mr Ezra Yakusak, who said this while speaking at a seminar organised by the council in Owerri, the Imo State capital, on Tuesday, added that it was an increase from $2.21bn generated in 2020.  Yakusak, who was represented by NEPC’s Trade Promotion Advisor in Imo State, Mr Anthony Ajuruchi, said that the council was able to achieve this as a result of the implementation of its current mantra, ‘Export for Survival’……………. read more

Amid fuel crisis, Nigeria’s inflation hit 15.70% in February – Daily Independent

The Consumer Price Index rose to 15.7 per cent in February from 15.6 per cent in January, latest figures from the National Bureau of Statistics have revealed.  The NBS disclosed this in its ‘Consumer Price Index February 2022’ report on Tuesday.  According to the NBS, the highest increases were recorded in prices of gas, liquid fuel, wine, tobacco, spirit, narcotics, solid fuels, among others……………………read more

SEC Seals Oxford International, 2 Other Firms for Alleged Illegal Capital Market Activities- Thisday

The Securities and Exchange Commission (SEC) has sealed the premises of Oxford International Group/Oxford Commercial Services, Farmforte Agro-Allied Solutions Limited/Agro Partnerships as well as Vektr Capital Investment/Vektr Enterprise for illegally engaging in capital market activities…….read more


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