1. SEC investigates Otudeko’s FBN share acquisition
The Securities and Exchange Council is currently investigating the acquisition of 4.7 billion shares of FBN Holdings by a former Chairman of the bank, Oba Otudeko, The PUNCH has confirmed… Read more
Source: https://punchng.com/sec-investigates-otudekos-fbn-share-acquisition/
2. NGX, NBA seek further collaboration on corporate governance
The Nigerian Exchange Limited, NGX, management has commended the Nigerian Bar Association Section on Business Law (NBA-SBL) for its consistent support to the development of the Nigerian capital market and seeks further collaboration on corporate governance… Read more
Source: https://www.vanguardngr.com/2023/07/ngx-nba-seek-further-collaboration-on-corporate-governance/
3. CBN orders IMTOs to add naira, eNaira to diaspora remittances payment options
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTO) to add naira as a payment option for diaspora remittances… Read more
4. Nigeria may record 700,000 unwanted pregnancies in 2023 – UNFPA
The challenge of funding family planning in the country may lead to increasing unwanted pregnancies and abortions, according to the United Nations Population Fund… Read more
Source: https://punchng.com/nigeria-may-record-700000-unwanted-pregnancies-in-2023-undp/
5. ‘Why we invested in First bank’, Honeywell Group speaks about 15% stake in FBNH
The Honeywell Group has said that its additional investment in FBN Holdings Plc is aimed at creating more value for all shareholders by unlocking hidden values in the FirstBank, the commercial banking subsidiary of the company. .. Read more
6. Nigeria will become W’Africa’s energy hub, says Vertex
The Chief Commercial Officer of Vertex group, Shitij Taneja, has said Nigeria will be one of the leading technology hubs in West Africa in the next five years… Read more
Source: https://punchng.com/nigeria-will-become-wafricas-energy-hub-says-vertex/
7. Barge operators lament dollar charges by NPA
The Barge Operators Association of Nigeria, BOAN has lamented the severe impact of dollar charges by the Nigerian Port Authority, NPA at the port… Read more
Source: https://www.vanguardngr.com/2023/07/barge-operators-lament-dollar-charges-by-npa/
8. Investors gain N1.93trn in 2 days as stock market hits 15 yr high
Investors gained N1.93 trillion in two consecutive trading days as the stock market rose to the highest level since 2008, driven by positive responses to policy measures of the new administration led by Bola Tunubu… Read more
9. NNPCL says FG to renegotiate OPEC oil quota November
The Nigerian National Petroleum Company Limited has said the Federal Government will renegotiate the country’s production quota in the ongoing OPEC+ cuts by November… Read more
Source: https://punchng.com/nnpcl-says-fg-to-renegotiate-opec-oil-quota-november/
10. CRC launches model to predict credit repayment delay
CRC Credit Bureau Limited in partnership with Dun & Bradstreet has launched a new scoring model called the ‘CRC Delay Propensity Score’, to address credit challenges… Read more
Source: https://punchng.com/crc-launches-model-to-predict-credit-repayment-delay/
