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Tuesday, June 28, 2022

Nigerians Lament Spending Limit On Naira-denominated Cards

Nigerians have continued to lament the spending limits on naira-denominated cards, saying it’s since been causing disruption to their needs and lives in general. BizWatch...

FG Saves Over N10trn Through Treasury Single Account Implementation

The federal government has disclosed that over N10 trillion have been saved since the Muhammadu Buhari-led administration introduced the Treasury Single Account (TSA). The Director-General...

Monthly Forex Inflows Down 37% To $4.36b Over TSA

Nigeria reported a decrease in net foreign exchange inflows in January this year, owing mostly to net flows from the Central Bank of Nigeria...

FG To Uplift Trade Agreements For Better Business Environment

The Federal Government of Nigeria has said it is dedicated to establishing an enabling and appealing environment for enterprises in Nigeria. This was stated...

‘Modernise Service Stations To Survive’ – BCG Advises Fuel Retailers

Fuel retailers have been advised to prepare for an emerging future by modernizing their service stations to support electric vehicles, supply biofuel as well...

Interswitch, Compass Plus Technologies Partner To Ease Payments Across Africa

Interswitch, Africa’s leading integrated payments and digital commerce company, and Compass Plus Technologies, an international provider of retail banking and electronic payments software, have...

FMDQ Exchange Trains Over 2,600 Stakeholders On Derivatives To Boost Knowledge Of The Exchange-Traded Derivatives Market

The FMDQ Derivatives Market Development Project (the "Project") was activated in 2018 to break the ground and facilitate the launch of a standardised derivatives...

States To Forfeit N19bn From Oil And Gas Revenues In 2022 – World Bank.

According to the World Bank, Nigerian states would likely lose N18.8 billion in oil and gas earnings in 2022 as federal revenue collection deteriorates,...

NGX Transactions Peak At N1.51tn In The Last five months

For the first five months of 2022, the total value of domestic and foreign transactions on Nigerian Exchange Limited reached N1.51 trillion. This figure...

Robust International Commodities Limited Registers Maiden ₦20.00bn Commercial Paper Programme On FMDQ Exchange

In keeping with its mandate to avail its credible platform to support capital formation, as well as tailor its registration, listing and quotation services...

TotalEnergies Shareholders Give Go Ahead To N6.18bn Final Dividend

Total Energies Marketing Nigeria Plc shareholders have authorized a final dividend of N6.18 billion for the fiscal year ending December 31, 2021. The dividend is...

Nigeria’s Public Debt Worst Ever In 50 years – World Bank

According to the World Bank Group, public debt in Nigeria and other low and middle-income countries has reached a 50-year high, amounting to more than 200 percent of government revenues. The Washington-based bank stated this  in a new report titled "Raising the Bar on Debt Transparency" that with the pandemic-induced economic slowdown, the impact of the war in Ukraine, and the rise in interest rates, many countries were facing severe challenges in servicing their debts. The report read, “Total public debt stands at an alarming 50-year high in low- and middle-income economies, the equivalent...

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