1. Manufacturers kick against CBN Price Verification Portal
The Manufacturers Association of Nigeria has told the Central Bank of Nigeria to rescind its recently introduced Price Verification System… Read more
Source: https://punchng.com/manufacturers-kick-against-cbn-price-verification-portal/
2. Nigeria’s rig count drops 13% to 13 as oil output rises to 1.416m bpd
Nigeria’s rig count, a major index of measuring activities in the upstream sector, dropped month-on-month, MoM by 13.3 per cent to 13 in October 2023, from 15 recorded in the preceding month of September 2023… Read more
3. S’Arabia revokes Air Peace passengers’ visas in Jeddah
Saudi Arabia has unexpectedly revoked the visas of all 264 passengers who arrived in Jeddah on Monday via Air Peace, Nigeria’s prominent carrier… Read more
Source: https://punchng.com/sarabia-revokes-air-peace-passengers-visas-in-jeddah/
4. More investments move to Mutual Funds as value rises 41.2 %
Amidst rising yields in mutual fund investments, recent report has shown that more investors are now moving their funds to this class of assets prompting sharp rise in the portfolio… Read more
Source: https://www.vanguardngr.com/2023/11/more-investments-move-to-mutual-funds-as-value-rises-41-2/amp/
5. AfDB to boost Nigeria’s creative industry with $618m
The African Development Bank has said that arrangements are in the pipeline to disburse $618m for the implementation of Nigeria’s investment in digital and creative enterprise programme… Read more
Source: https://punchng.com/afdb-to-boost-nigerias-creative-industry-with-618m/
6. AfCFTA: Exports expected to reach $1trn in 2035 Standard Chartered
Following the implementation of the African Continental Free Trade Area (AfCFTA) intra-Africa export is projected to reach $1 trillion by 2035, according to a report released by Standard Chartered Bank Group.. Read more
7. FX scarcity: Nigerian students in US rise by 37%
The number of Nigerian students studying in the United States rose to 17,640 in the 2022/2023 academic session despite rising foreign exchange scarcity in the country… Read more
Source: https://punchng.com/fx-scarcity-nigerian-students-in-us-rise-by-37/
8. Forex speculators are hurting economy – ASHON Chairman
The Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), Mr Sam Onukwue, has said that foreign exchange, forex, speculators are hurting the economy… Read more
Source: https://www.vanguardngr.com/2023/11/forex-speculators-are-hurting-economy-ashon-chairman/amp/
9. NDIC to pay depositors of 20 failed banks N61.63bn
The Nigeria Deposit Insurance Corporation on Monday said depositors, creditors, and shareholders of 20 liquidated banks are expected to get about N61.63bn as paid liquidation dividends… Read more
Source: https://punchng.com/ndic-to-pay-depositors-of-20-failed-banks-n61-63bn/
10. Shipping company records 94% revenue drop
French shipping company, CMA CGM, has reported a 94.5 per cent drop in net income in the third quarter of 2023… Read more
Source: https://punchng.com/shipping-company-records-94-revenue-drop/
