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Daily Business News Brief -December 15th, 2022


Universal Insurance gets recognition for high earnings – Punch
Universal Insurance has been named the company with the Highest Earnings Yield for 2022 among the companies that are listed on the Nigerian Stock Exchange by the organisers of the PEARL Awards at a ceremony recently in Lagos. In a statement, the board of governors of the PEARL Awards Nigeria congratulated Universal Insurance Plc for emerging winner of the prestigious 2022 Listed Company with the Highest Earnings yield…….……..Read More

Banks’ earnings from account maintenance, transfer charges rise to N621bn – Vanguard
Leading banks in Nigeria have raked in  N620.89 billion in the third quarter of this year, Q3’22 from  fees and commission income, representing a 21.5 percent higher than  N510.99 billion  they made under same income line in the corresponding period 2021…….……..Read More

FX gap to boost diaspora Christmas spend – Businessday 
The spread between the official and parallel market exchange rates is seen attracting Nigerians abroad and boosting dollar liquidity in the foreign exchange market during the festive season. Other incentives expected to encourage more Nigerians in the diaspora to come home during the festive season are the relaxed COVID-19 rules and the approval ……………Read More

Businesses face bleak sales despite festive season – Businessday 
High poverty rate, rising inflation, and other unfavourable macroeconomic factors in Nigeria are hindering businesses from experiencing the usual boom during the festive season. Service providers and product manufacturers always look forward to the fourth quarter of the year, particularly December…….……..Read More
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