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Daily Business News Brief – August 19th, 2022


eNaira transactions rise to N4bn, CBN introduces USSD – Punch
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has revealed that the value of transactions on the eNaira has risen to N4bn since its launch on October 25, 2021.  He said this on Thursday at the grand finale of the 2022 eNaira hackathon in Abuja.  In December last year, the CBN Controller, Enugu branch, Ch’Edozie Okonjo, at the 2021 Annual Bankers Dinner and Lecture organised by the Enugu State branch of the Chartered Institute of Bankers of Nigeria, had said that the CBN recorded over 34,000 transactions on the eNaira platform, with a total value of over N188m……….Read More
FMDQ Exchange Admits Sundry Foods N10bn CP Programme – – Punch
In another bold move that reinforces its positioning as the leading destination for capital raising by discerning issuers, FMDQ Securities Exchange Limited (FMDQ Exchange) has approved the registration of the Sundry Foods Limited N10billion Commercial Paper (CP) Issuance Programme on its platform.  Sundry Foods Limited is one of Nigeria’s leading food services companies, operating in the quick service restaurant, bakery, and catering segments………..Read More
Trapped forex: More airlines to suspend Nigerian operations – Thisday
More international carriers are gearing to join the Emirates Airlines which announced, on Thursday, the suspension of its flight operations in Nigeria from September 1, 2022, our correspondents gathered.  The British Airways has already reduced their flight frequencies to Nigeria, as the airline informed its passengers on Thursday of an imminent hike in the cost of its flight tickets……….Read More
NNPC’s Ownership: NEC Sets Up Committee to Address Governors’ Concerns – Thisday
The National Economic Council (NEC) Thursday rose from its monthly meeting with a resolution to set up a sub-committee to consider the 36 state governors’ concerns over the ownership of the Nigerian National Petroleum Company Limited (NNPC Ltd).   The Council, chaired by Vice President Yemi Osinbajo, at a virtual meeting at the State House, Abuja, also endorsed the financial performance of the Nigeria’s Sovereign Investment Authority (NSIA) for year 2021. ………….Read More
Stockbrokers to Set New Agenda on Agriculture, Economic Development – Daily Independent
The Chartered Institute of Stockbrokers (CIS), has concluded arrangements to hold its 26th Annual Stockbrokers’ Conference where topical issues in the financial market and the economy in general shall be the main focus.  This year’s Conference, with the theme: “Capital Market and Agricultural Development in Nigeria: Issues and the way forward,” scheduled to hold in Benin City will be declared open by the Executive Governor of Edo State, who is alsa Chartered Stockbroker. ………..Read More
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