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Sep
September 1, 2022
| Banks’ assets rise 22% to N65tn – Punch |
| Total assets in the Nigerian banking sector rose by N11.8bn in one year to N65.48tn as of the end of June 2022, representing 22 per cent increase over the period. The Deputy Governor, Financial Systems Stability Directorate, Aishah Ahmad, disclosed this in her personal statement at the last MPC meeting. “Key industry aggregates also continued their year-on-year upward trajectory with total assets rising to N65.48tn in June 2022 from N53.64tn in June 2021,” she said…………..Read More |
| Gas price rises 122%, household incomes shrink – Thisday |
| Amid the Federal Government’s N250bn intervention funds on the National Gas Expansion Plan, which intends to deepen usage across the country, data from the Nigerian Bureau of Statistics said on a year-on-year basis, price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas, also known as cooking gas, increased by 122 per cent from N4,422 in July 2021. The Bureau’s latest report said on a state profile analysis, Ebonyi recorded the highest average retail price for the refilling of a 12.5kg cylinder with N11,212, followed by Delta with N10,926 and Ekiti with N10,883……….Read More |
| PoS transactions jump to N8tn – NIBSS report – Thisday |
| The value of Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022, according to data obtained from the Nigeria Interbank Settlement System. The data showed that the aggregate PoS transactions between July 2020 and July 2021 were estimated at N5.77tn. However, between July 2021 and July 2022, the volume of transactions increased to N8.03tn, indicating a 39.16 per cent increase over the period……………Read More |
| Fidelity Bank Announce 21.6% PBT Growth, Propose 10 kobo Interim Dividend – Punch |
| Fidelity Bank Plc, yesterday announced its audited half year ended June 30, 2022 result and accounts with 21.6 per cent increase in profit before tax to N25.08billion from N20.63billion reported in the half year ended June 30, 2021. The lender on the Nigeria Exchange Limited (NGX) also reported N23.31billion profit in H1 2022, representing an increase of 20.7 per cent from N19.31billion in H1 2021………….Read More |
| Dangote refinery gets 300,000 barrels/day from NNPC – Daily Independent |
| The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, disclosed this to journalists when he appeared at the 49th Session of the State House Ministerial Briefing organised by the Presidential Communications Team, at the Presidential Villa, Abuja……..…..Read More |
| Report: Northern Customers Spend N322Bn on Personal Care Monthly – Daily Independent |
| A 2022 market report by Pierrine Consulting, has revealed that residents of northern Nigeria spend N322 billion monthly on personal care products. The CEO of Pierrine Consulting, Mr. Seyi Adeoye, said the report was aimed at providing an informed view of the northern market opportunity from consumers’ behavioral dynamics. Additionally, the market value estimations speak to the entire 19 states under the northern market cluster……..…..Read More |