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Daily Business News Brief | Wednesday, March 23rd, 2022.


Neimeth Shareholders Approve N0.70 Dividend for 2021- Thisday

The shareholders of Neimeth Pharmaceuticals Plc yesterday approved N0.07 dividend of every 50 kobo share held in 2021 financial year, an eight per cent increase over the figure of N0.65 kobo paid to shareholders in 2020. ………………..read more

Reps give NNPC two-week ultimatum to defend N3tn debt – Vanguard

The House of Representatives’ Ad Hoc Committee on Recovery of Outstanding Debts Owed By Oil and Gas Companies has given the Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, two weeks to defend its indebtedness to the Federal Government to the tune of N3tn.  The committee, which approved the NNPC’s request for an extension of time at its investigative hearing in Abuja on Tuesday, also invited the Central Bank of Nigeria and the Federal Ministry of Finance, Budget and National Planning over the debts……………… read more

Massive job cut looms as dollar hits N590, forex scarcity bites harder – Punch

The lingering foreign exchange scarcity in the country has continued to worsen even as the exchange rate on the parallel market is inching towards N590/$1, The PUNCH has learnt. The development may lead to massive job loss in the manufacturing industry, among other sectors, according to the Manufacturers Association of Nigeria.  The development comes over eight months after the Central Bank of Nigeria stopped the sale of forex to Bureau de Change operators and promised to boost liquidity in commercial banks…………….. read more

MultiChoice hikes prices of GOtv, DStv packages – Punch

MultiChoice has increased the prices of its DStv and GOtv packages in Nigeria.

This was announced in a statement on Tuesday, stating the rising costs of inflation and business operations led to the increment in the prices of the packages.  Multichoice said its DStv package will now cost – Premium (N21,000), Compact + (N14,250), Compact (N9,000), Confam (N5,300), Yanga (N2,950), Padi (N2,150), Business (N2,669), Xtraview + PVR access fee (N2,900)  The new prices for GOtv package are – Gotv Max for N4,150, GOtv Jolli for N2,800, GOtv Jinja for N1,900, GOtv Lite for N900……………..read more

How Commodities Ecosystem Can Drive CBN’s RT 200 FX Policy – Daily Independent

Bankers and other operators in the Nigerian financial market have identified deployment of commodities ecosystem as a potent method by which the Central Bank of Nigeria (CBN) can achieve the plan to generate $200 billion in the next three to five years through its RT 200 FX policy ……………………read more

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