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Daily Business News Brief | Thursday, March 24th, 2022.

24
Mar

Corporate governance’ll boost confidence in capital market –NGX CEO – Thisday

THE Chief Executive Officer, Nigerian Exchange Limited, Mr Temi Popoola, has said sound corporate governance will boost transparency and trust in the Nigerian capital market.  He said this during the launch of the Corporate Governance Triangle, an initiative of the Nigerian Bar Association Section on Business Law, Nigerian Exchange Limited and the Institute of Directors, Nigeria………………..read more

33% of global droughts occurs in Nigeria, others, says IMF – Vanguard

THE Chief Executive Officer, Nigerian Exchange Limited, Mr Temi Popoola, has said sound corporate governance will boost transparency and trust in the Nigerian capital market.  He said this during the launch of the Corporate Governance Triangle, an initiative of the Nigerian Bar Association Section on Business Law, Nigerian Exchange Limited and the Institute of Directors, Nigeria……………… 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

7 Members of CBN’s Monetary Policy Committee Confirmed by Senate – Punch

The Senate has confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). The confirmation of the nominees followed the consideration of a report by the Committee on Banking, Insurance and Other Financial Institutions ……………..read more

Soaring diesel cost making gas more attractive, says MD – Daily Independent

The Managing Director, Von Food and Farms Limited, Kingsley Orji, had stated that the soaring cost of Automotive Gas Oil, popularly called diesel, is now making manufacturers to shift to the use of gas to stay competitive.  He said the Osisioma Aba-based firm, located in Abia State, was currently running its operations with gas, stressing that the rising cost of diesel would run companies aground if not managed properly……………………read more

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