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Daily Business News Brief – September 23rd, 2022

23
Sep

CIS, ASHON, Seek FG’s Approval of CISI Bill – Thisday
Chartered Institute of Stockbrokers (CIS) and Association of Securities Dealing Houses of Nigeria (ASHON), has presented to the National Assembly, the rationale and benefits of passing the Bill that will transform CIS to Chartered Institute for Securities and Investment (CISI).  In a statement, they stressed that the bill, when passed, will ensure the registration of all professionals in the securities business as against the current duplication of roles among different professional bodies…………Read More

ABP: CBN Mulls Triggering Global Standing Instruction to Compel Loan Defaulters to Pay Up – Thisday
The Central Bank of Nigeria (CBN) has warned that it may activate the Global Standing Instruction (GSI) against loan defaulters under the Anchor Borrower Programme (ABP).  The central bank explained that the idea became necessary in order to compel farmers who had accessed loans under the programme to offset their indebtedness to the bank after repeated appeals to them appeared to have fallen on deaf ears………….Read More
Afriland Properties Shareholders Endorse N0.10 Dividend Payout – Punch
The shareholders of Afriland Properties Plc have approved N0.10 dividend payout by the management of the company, translating to N137.39million return on investment for 2021 financial year. The company had paid N0.50 kobo per share dividend in 2020 financial year.  At the 9th Annual General Meeting (AGM) of the company in Lagos yesterday, the shareholders commended the company’s growth in revenue and profit before tax, urging the management to work with the federal government in bridging the housing deficit in the country………….Read More

Capital Group Redeems N3.52bn Commercial Paper Issues- Punch
Capital Group has announced the maturity and successful redemption of its N1.24billion Series 1, N1.01billion Series 2 and N1.27billion Series 3 Commercial Paper (CP) issues under its N20billion Issuance Programme. The N1.24billion Series 1, N1.01billion Series 2 and N1.27billion Series 3 Commercial Papers which were all issued via and quoted on the FMDQ Securities Exchange; matured on the 31st May 2022, 29th August, 2022, and 12th August 2022 respectively………..Read More
Report: African Central Banks Poised for Rate Hikes as Inflation Bites Harder – Daily Independent
Africa’s three biggest economies are poised to raise interest rates this week as well as next week while policy makers in several other countries stake out different approaches to navigate inflation shocks and bring prices under control, Bloomberg reported yesterday……..…..Read More
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