1. SEC blames forex scarcity for low foreign investments
According to an Entrepreneurng report, the Director-General of the Securities and Exchange Commission, Lamido Yuguda, has blamed the dwindling level of Foreign Portfolio Investments in the country on scarcity of foreign exchange… Read more
Source: https://punchng.com/sec-blames-forex-scarcity-for-low-foreign-investments/
2. Naira redesign: Farmers ask FG for compensation over losses
The All Farmers Association of Nigeria has appealed to the Federal Government to compensate farmers for losses recorded during the implementation of the Central Bank of Nigeria naira redesign and subsequent cash crunch… Read more
Source: https://punchng.com/naira-redesign-farmers-ask-fg-for-compensation-over-losses/
3. FG eyes more revenue as US increases crude purchase
The United States has resumed huge crude oil importation from Nigeria, increasing the country’s oil revenue by N156bn last month, The PUNCH findings revealed… Read more
Source: https://punchng.com/fg-eyes-more-revenue-as-us-increases-crude-purchase/
4. GTCO posts N214bn as pretax profit in 2022
Guaranty Trust Holding Company Plc on Friday announced a profit before tax of N214.2 billion in its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2022… Read more
Source: https://punchng.com/gtco-posts-n214bn-as-pretax-profit-in-2022/
5. PTAD begins digital verification for pensioners
The Pension Transitional Arrangement Directorate has begun a digital verification programme to fish out ghost and dead government pensioners under the directorate… Read more
Source: https://punchng.com/ptad-begins-digital-verification-for-pensioners/
6. Fidelity Bank completes private placement of three billion shares
Fidelity Bank Plc has announced that it has completed the private placement of 3.03bn units of its shares. This was disclosed in a corporate notice filed on the Nigerian Exchange Limited on Friday, stating that the placement was 100 per cent subscribed… Read more
Source: https://punchng.com/fidelity-bank-completes-private-placement-of-three-billion-shares/
7. A naive and stupid idea’: how Rishi Sunak’s Future Fund spent millions on failed firms
In the small hours of a warm August night in 2022, staff at London-based festival tickets business Pollen received a lengthy email confirming their worst fears. Just three months after a $150m fundraising round that valued the company at $800m, Pollen had gone bankrupt… Read more
Source: https://www.theguardian.com/business/2023/apr/15/a-naive-and-stupid-idea-how-rishi-sunaks-future-fund-spent-millions-on-failed-firms
8. CBI president apologises over sexual misconduct allegations
The president of Britain’s most influential business lobby organisation has apologised for a spate of sexual misconduct allegations and “toxic culture” that has left the Confederation of British Industry fighting for its future… Read more
9. Nigeria’s inflation rises to 22.04% in March
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 22.04 percent in March 2023, up from 21.91 percent in the previous month. The latest CPI report released on Saturday by the National Bureau of Statistics (NBS) contains the inflation rate data… Read more
Source: https://www.vanguardngr.com/2023/04/just-in-nigerias-inflation-rises-to-22-04-in-march/
10. 13% Derivation: S-South lawmakers, gullible, powerless before govs
Host communities and stakeholders in the South-South region have grumbled aloud that their state Houses of Assembly have refused to call the governors to order or confront them with probing questions on how they burnt up the 13 per cent Derivation Fund that accrued to their states, despite the peoples’ outcries, and demand for accountability… Read more
Source: https://www.vanguardngr.com/2023/04/13-derivation-s-south-lawmakers-gullible-powerless-before-govs/y
