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Daily Business News Brief | Tuesday, March 29th, 2022


NGX Lists Access Holdings as Shareholders Approve N0.70 Final Dividend – Punch

The management of the Nigerian Exchange Limited, (NGX), yesterday, listed Access Holdings Plc 35.54 billion shares as it successfully transited into a Holding Company (Holdco) structure from its commercial banking structure. By this development, Access Bank Plc will now be referred to as Access Holdings (Accesscorp) Plc ……………..read more

Commodity price index drops, says NBS – Vanguard

CRC Credit Bureau Limited has appointed Ademola Adesalu as the managing director of its newly established subsidiary, CRC Data & Analytics Limited.  A statement said the appointment was necessary with CRC operating under a group structure with diversified business interests in credit reporting, and data and analytics. The statement said the newly established subsidiary, CRC Data & Analytics Limited, is committed to accelerating data-driven outcomes across lines of businesses, developing faster results, deeper insights, heightened decisions, and ultimately, business development through self-service analytics and data science……………… read more

Neimeth pays seven kobo dividend – Thisday

NEIMETH International Pharmaceuticals Plc has declared a dividend of seven kobo for every 50kobo share held of the company, an eight per cent increase over the 6.5 kobo paid by the company last year.  The firm said in a statement that this marks the second consecutive payment of dividend by the healthcare company after over a decade of non-payment of dividend to shareholders.  It said at the annual general meeting of the company, the shareholders approved the dividends with words of gratitude to the board and management for keeping their promise on the sustenance and increase in dividends…………….. read more

Recapitalisation: MfB surpasses N200m share capital – Daily Independent

Lovonus Microfinance Bank says it has surpassed the Central Bank of Nigeria’s N200m share capital requirement for Tier-one MfBs to become state-licensed microfinance banks.  The Chairman of the bank, Mr Alfred Okoigun, disclosed this on Sunday in Lagos at an event to mark the bank’s 10th anniversary.  He stated that the bank started operations in 2012 with a paid-up share capital of N20m and has grown this to N200m in 10 years.  He said, “We started with a paid-up share capital of N20m in 2012. Today we have surpassed the share of N200m before the deadline by the ending of April 2022 for the tier-one microfinance bank set by the CBN to become a state-licensed microfinance bank.”………………….read more

116.46 million litres fuel lost in 2021, say NNPC reports- Punch

A total of 116.46 million litres of Premium Motor Spirit, popularly called petrol, valued at N18.88bn was stolen in 2021, data from different reports obtained from the Nigerian National Petroleum Company Limited showed. mFigures contained in various NNPC reports on Product Pipeline Performance for PMS showed that from January 2021 till December last year, huge volumes of petrol imported into Nigeria by the national oil company did not get to their targeted destinations…………………..read more

Nigerians drop 24.38 million GSM lines in two years – NCC -Punch

The number of GSM lines abandoned by Nigerians has grown by 24.38 million in two years, according to an analysis of industry statistics from the Nigerian Communications Commission. In January 2020, there were 83.81 million unused lines in the nation. By January 2022, the number had grown to 108.47 million. The NCC report stated there were 269,835,804   connected lines in January 2020, of which 185,742,016 were active, and 84,093,788 were inactive.  In January 2022, there were 305,623,582 connected lines, of which 197,152,773 were active, and 108,470,809 were inactive. During the time under review, the peak number of connected lines was 328,114,538 in August 2021…………………….read more

fake richard mille
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