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Daily Business News Brief | Tuesday, May 10th, 2022.

10
May

SEC moves to fully digitalise capital market- Punch

The Securities and Exchange Commission has said it is proposing some guidelines that will enable investors in the capital market to be able to do virtually everything they need to do on their Internet-enabled appliances and at their convenience. It said in a statement that this was part of its efforts to fully digitalise operations of the Nigerian capital market. These were contained in a guideline on Minimum Operating Standards for Information Technology for capital market operators recently exposed to the public, the statement said……………….read more

Prepare for worst fuel scarcity, petrol marketers alert Nigerians –  Thisday

The Independent Petroleum Marketers Association of Nigeria has asked Nigerians to prepare for the worst fuel crisis. To avoid this, the petrol marketers association asked the Federal Government to prevail on the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay its members their outstanding bridging claims amounting to over N500 billion.  The IPMAN chairman in Kano State, Bashir Danmalam, made the remarks while addressing a news conference in Kano State on Monday………….read more

Aviation fuel: NNPC, airlines agree on three-month supply at N480/litre – Thisday

The House of Representatives on Monday held a stakeholders meeting to resolve the crisis trailing the aviation fuel price increase, with the Nigerian National Petroleum Company Limited and domestic airline operators reaching a deal.  It was agreed that the NNPC would supply Jet-A1 to marketers nominated by airline operators for a period of three months at N480 per litre, pending when the carriers would be granted licences to import the commodity…………read more

Fuel queues persist in Abuja, black marketers sell for N300/litre – Daily Independent

Fuel queues persisted in the Federal Capital Territory on Monday as filling stations struggled to control desperate drivers waiting to buy the Premium Motor Spirit, PMS, at the official price. Racketeers had a field day, selling a litre of PMS at N300 in different parts of the FCT. In Kubwa, a litre of fuel went as high as N320, rising to N400 in Asokoro and other prime parts of Abuja, The PUNCH gathered…………….. read more

Nigerian Breweries Shareholders Approve N12.92bn Dividends Payout – Thisday

Shareholders of Nigerian Breweries Plc, have unanimously approved the dividend payout of a total sum of N12.92billion for the 2021 financial year.  The approval was granted during the 76th Annual General Meeting of the company held at Civic Centre in Lagos. The company’s management assured the shareholders of its commitment to continue to deliver maximum returns for the shareholders’ investments…………..read more

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