7
Sep
September 7, 2022
| Currency in circulation falls to N3.24tn – Punch |
| Currency in circulation fell by N107.08bn from N3.35tn in April to N3.24tn in July, latest figures on currency from the Central Bank of Nigeria has revealed. According to the CBN, the CIC which stood at N3.33tn in May fell to N3.25tn in June. The CBN recently warned Deposit Money Banks against accepting mutilated naira notes, explaining that they were not the real currencies in circulation………….Read More |
| Fuel scarcity hits Abuja as marketers shut stations – Punch |
| Many fillings stations were shut on Tuesday leading to lengthy queues by motorists for Premium Motor Spirit, popularly called petrol, at the few outlets that dispensed the commodity in Abuja and neighbouring states. Petrol scarcity resumed again in the Federal Capital Territory and environs on Tuesday after about a month break, as motorists and other PMS users imagined when they would see the last of fuel queues in Abuja………..Read More |
| Insecurity, FX crisis cut capital inflows by 23% – Punch |
| Insecurity and lingering foreign exchange crisis have forced the capital importation into Nigeria to decline further by 23 per cent, findings by The PUNCH have shown Capital Importation measures the aggregate of foreign investments into an economic entity within a given period. It is divided into portfolio investments, other investments and Foreign Direct Investments……….Read More |
| Banks’ Borrowing from CBN Down 47% as Analyst Predicts Continuous Decline – Thisday |
| Data collated from the Central Bank of Nigeria (CBN) has shown that banks borrowing from CBN in August 2022 dropped by 47 per cent Month-on-Month (MoM) to N2.4 trillion compared with N4.5 trillion in July 2022. This is as analysts have predicted that with the recent increase in Monetary Policy Rate (MPR), banks would further down the line continue to be conservative in borrowing from CBN…………..Read More |
| SEC Reduces Workforce by 30%, Declares N2.5bn Surplus in H1 – Thisday |
| The Director General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has said the commission reduced its workforce by almost 30 per cent disclosing that at the end of the first half of 2022, it recorded a surplus of about N2.5billion. Speaking at the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper, MTEF/FSP interactive session with the House of Representatives Committee on Finance in Abuja, yesterday, Yuguda stated that 2020 and 2021 were particularly difficult times for the Commission as it was running a deficit…….…..Read More |
| FMDQ Exchange Admits N2.28bn Accelerex SPV Bond – Daily Independent |
| The FMDQ Securities Exchange Limited (FMDQ Exchange) has announced the admission for listing on its platform, the Accelerex SPV PLC N2.28 billion Series 1 Fixed Rate Bond under its N20 billion Bond Issuance Programme. Accelerex SPV is a special purpose funding vehicle established by Global Accelerex Limited to raise capital from the debt markets through the listing of debt securities……..…..Read More |