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Nigerian Exchange recorded landmark transactions in 2022 – chief executive
Lagos, Jan. 25, 2023 – The Nigerian Exchange Limited (NGX) made a strong showing with its performance in the year 2022 as it recorded landmark transactions. Speaking at the NGX 2022 Market Recap and 2023 Outlook in Lagos on Wednesday, Temi Popoola, the Chief Executive Officer of NGX, described the performance of the NGX in 2022 in superlative terms. “In 2022, the equities market performance was evidenced by the 19.98 per cent increase in the NGX All-Share Index, which rose from 40270.72 to 51,251.06, just as the market capitalisation also …
Nigeria to earn $500m from cashew exports in 2023
Abuja, Jan. 25, 2023 -Dr Mohammed Abubakar, the Minister of Agriculture and Rural Development, said Nigeria projected to realise $500 million from cashew export in 2023. Nigeria generated $250 million from the export of cashew nuts in 2022. The Minister, who was represented by the Permanent Secretary in the Ministry, Dr Ernest Umakhihe, said this at the Nigerian Cashew Day and cashew season commencement in Abuja. He said that agriculture exports had become important source of non-oil export earnings. The minister said that agriculture exports growth represented more that 10 …
Cabotage Fund: FG gives banks 72 hours to draw up modalities
Lagos, Jan. 25, 2023 – The five primary lenders in the disbursement of the $350 million Caboge Fund have been given 72 hours to draw up modalities for the disbursement of the fund. Bashir Jamoh, the Director-general of Nigerian Maritime Administration and Safety Agency (NIMASA), gave the directive to the banks at a meeting in Lagos on Tuesday. The banks are UBA, Jaiz, Zenith, Polaris, and Union Bank. He said that the modalities should include interest rate, tenure, collateral and requirements needed to access the fund in line with the …
FRSC in Lokoja returns N3.2m to accident victim
Lokoja, Jan. 25, 2023 -The Kogi Command of the Federal Road Safety Corps (FRSC) on Tuesday returned N3.2 million recovered from an accident scene to the family of the victim. The victim, Mrs Beatrice Ehimare, was involved in a motor accident along Lokoja-Abuja road on January 23, 2023. The cash was presented to the victim’s son, David Ehimare, by the unit commander. Stephen Dawulung, the Kogi Sector Commander, commended his officers for their diligence and patriotism. “I wish to reiterate here today that it’s my Command’s resolve to continue to …
Stamp Duty money is N370.686bn, not N89tn – Emefiele
Abuja, Jan. 24, 2023 – Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says the total revenue collected as stamp duty between 2016 and 2022 is N370.686 billion He said the money was not N89 trillion as claimed by Muhammed Kazaure, a member of the House of Representatives, in a petition to the president in 2022. Emefiele made the declaration in Abuja on Tuesday at a press briefing after the meeting of the Monetary Policy Committee. He said that the CBN was not withholding N89 trillion. Emefiele said …
Africa Infra Plus Fund lists on NGX
Lagos, Jan. 24, 2023 – Africa Infra Plus Fund (AIPF I), a ₦20.5bn closed-end infrastructure fund, has been listed on the Nigerian Exchange. The NGX said in a statement on Tuesday that Fund was listed on the Nigerian exchange on Tuesday, Jan. 24 2023 and was commemorated with a Closing Gong Ceremony. Co-managed by Africa Plus Partners Plc, and Capitaltrust Investments & Asset Management Limited, AIPF 1, is Nigeria’s first Carbon+ (ESG-focused) naira-denominated infrastructure fund to be listed on the Exchange. AIPF 1’s structure is a pool of equity and …
Tribunal fixes Jan 27 for judgment in Oyetola-Adeleke tussle
Osogbo, Jan. 24, 2023 – The Osun Governorship Election Petition Tribunal fixed Friday 27th January 2023 for judgment in the Oyetola and Adeleke governorship tussle.. The notice of the judgment date has been posted on the board at the entrance of Tribunal Hall of Osun High Court where the tribunal is sitting Former Gov. Gboyega Oyetola is challenging the victory of Senator Ademola Adeleke at the July 16, 2022 Governorship Election. He had dragged INEC, Adeleke, and Peoples Democratic Party before the tribunal for over-voting in 749 polling units and asking for …
Senate sends 35 Constitution Alteration Bills for presidential assent
Abuja, Jan. 24, 2023 – The Senate on Tuesday directed Sani Magaji Tambuwal, the Clerk of the National Assembly, to transmit 35 Constitution Alteration Bills to the president his for assent. The Chairman, Senate Committee on Judiciary, Human Rights and Legal Matters, Michael Bamidele, presented the motion on behalf of Senator Omo-Agege who was absent during plenary. Bamidele said the 35 Constitution Alteration Bills satisfied the provisions of Section 9(2) of the Constitution for passage into law having been approved by not less than 24 State Houses of Assembly. He said …
Lagos, Kano lead in NIN registration
Abuja, Jan. 24, 2024 – The number of Nigerians registered in the National Identification Number (NIN) scheme stood at 95.07 million as at Jan. 22, 2023. The National Identity Management Commission (NIMC) has just released the statistics in Abuja. The number is an increase of 1.04 million over the 94.03 million enrollees recorded at the end of 2022. According to the statistics, Lagos State recorded the highest number of 10.5 million and was followed by Kano State with 8.3 million. The NIMC said the two most populous states in Nigeria …
Old Notes: CBN has no plans to extend deadline -Emefiele
Abuja, Jan, 24, 2023 – The Central Bank of Nigeria (CBN) says it has no plans to extend the January 31st deadline for replacing old naira notes. Godwin Emefiele, the Governor of the CBN, announced this at a press briefing after the meeting of the Monetary Policy Committee (MPC) in Abuja on Tuesday. He said there was no need for a change of the deadline date since there were no indications that customers had issues depositing the old notes. Emefiele said he had not seen any rush by customer to …