1. CBN intervenes as more PoS operators implement rate hike
Central Bank of Nigeria has said it will intervene to resolve issues around the new charges adopted by Point of Sale operators in Nigeria… Read more
Source: https://punchng.com/cbn-intervenes-as-more-pos-operators-implement-rate-hike/
2. NGX, CIS, stakeholders honour Subomi Balogun
The Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders, yesterday, held a mock-trading session and Closing Gong Ceremony in honour of late Otunba Subomi Balogun, the founder of FCMB Group… Read more
Source: https://www.vanguardngr.com/2023/07/ngx-cis-stakeholders-honour-subomi-balogun/
3. Bank of America warns Nigeria inflation may hit 30%
The Bank of America has said the Monetary Policy Committee of the Central Bank may need to increase interest rates by at least 700 basis points before the end of the year to curb inflation… Read more
Source: https://punchng.com/bank-of-america-warns-nigeria-inflation-may-hit-30/
4. Bread producers serve notice of imminent hike in prices
Nigerians have been asked to brace up for increase in the prices of bread, a major food item on the table of almost all Nigerians… Read more
Source: https://www.vanguardngr.com/2023/07/bread-producers-serve-notice-of-imminent-hike-in-prices/
5. High demand for land fuelling encroachment, says NIS
THE Nigerian Institution of Surveyors has said the increasing demand for urban lands in Abuja and other major cities for mixed development has led to encroachment and conversion of fragile and recreational land for residential purposes… Read more
Source: https://punchng.com/high-demand-for-land-fuelling-encroachment-says-nis/
6. Inflationary pressures undermine business confidence – Stanbic IBTC’s PMI
The removal of the fuel subsidy in Nigeria may have caused a marginal decline in business confidence in June 2023 as inflationary pressures surged, according to the Stanbic IBTC’s Purchasing Power Index, PMI, report released yesterday… Read more
7. TAJBank profit rises by 300%, pays dividend
TAJBank Limited, a fast-growing and technology-driven non-interest banking services provider, says it has set a new record in the banking industry with the payment of dividend to its shareholders just three years of its operations… Read more
Source: https://punchng.com/tajbank-profit-rises-by-300-pays-dividend/
8. Electric vehicle: NNPCL plans filling stations’ charging ports
The Nigerian National Petroleum Company Limited has announced plans to install charging ports across its filling stations nationwide to charge electric vehicles, as part of moves to reduce carbon emission… Read more
Source: https://punchng.com/electric-vehicle-nnpcl-plans-filling-stations-charging-ports/
9. Aruwa Capital injects $2m into Fastizers
Popular snack manufacturing company, Aruwa Capital Management, said it has injected $2m into Fastizers, a female indigenous local manufacturer of snack foods and confectioneries in Nigeria… Read more
Soure: https://punchng.com/aruwa-capital-injects-2m-into-fastizers/
10. Ogun trains tax inspectors
In order to maintain the best practices in tax collection and administration, Ogun State has enhanced the capacity of tax inspectors in the state… Read more
