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Media Highlights 12-08-2022
(Source: CardinalStone Research, Date: 12-Aug-2022)

 

Global Market News

 

Mortgage rates climb above 5.0% once again "" CNN

Mortgage rates climbed above 5.0% again, after dipping below that threshold for the first time in months a week earlier. While the volatility in mortgage rates remains, there are signs that the housing market is starting to stabilize. Click Mortgage rates climb above 5% once again - CNN for more.

 

Russian oil production falls less than 3.0% as sanctions have "Ëœlimited' effect "" The Guardian

Russian oil production has fallen by less than 3.0% since the invasion of Ukraine, with a swathe of western energy sanctions having only a ...limited" effect, the International Energy Agency has found. Click Russian oil production falls less than 3% as sanctions have "Ëœlimited' effect | Russia | The Guardian for more.

 

Political News

 

Katsina NNPP petitions INEC, demands arrest of APC guber candidate for flouting Electoral Act "" This Day

The Katsina State chapter of the New Nigeria People's Party (NNPP) has called on the Independent National Electoral Commission (INEC) to arrest and prosecute the state governorship candidate of the All Progressives Congress (APC), Dr. Dikko Umar Radda for allegedly flouting the Electoral Act. Click Katsina NNPP Petitions INEC, Demands Arrest of APC Guber Candidate for Flouting Electoral Act "" THISDAYLIVE for more

 

Wike sues Atiku, Tambuwal, demands recognition as candidate "" Punch

Governor Nyesom Wike of Rivers State has sued the presidential candidate of the Peoples Democratic Party, Atiku Abubakar; the Sokoto State Governor, Aminu Tambuwal; and the PDP over the conduct of the presidential primary of the party that was held was in Abuja on May 28 and May 29, 2022. Click Wike sues Atiku, Tambuwal, demands recognition as candidate (punchng.com) for more

 

Macroeconomic News

 

Lawmakers invite Emefiele, Nami over subsidy payments "" This Day

The House of Representatives has invited the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and the Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, to appear before it for questioning over issues in the payment of subsidy on petroleum products from 2013 to date. Click Lawmakers Invite Emefiele, Nami Over Subsidy Payments "" THISDAYLIVE for more

 

FG: By 2050, Nigeria's population projected to rank third worldwide after India, China "" This Day

President Muhammadu Buhari has disclosed that Nigeria is projected to be the third most populated nation in the world after India and China by 2050. The president also put the nation's current population at 216 million and sixth most populous nation in the world. Click FG: By 2050, Nigeria's Population Projected to Rank Third Worldwide After India, China "" THISDAYLIVE for more

 

Mobil $1.3 billion assets: We are not yet notified of approval reversal "" Seplat "" Vanguard

Seplat Energy, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, yesterday, said that it has not yet been officially informed about the withdrawal of Federal Government's consent in its $1.3 billion oil deal with Mobil Producing Nigeria Unlimited, MPNU. Click Mobil $1.3bn assets: We are not yet notified of approval reversal - Seplat (vanguardngr.com) for more

 

SEC approves NGX guidelines on trade execution for fixed income securities "" Vanguard

The Securities and Exchange Commission, SEC, has approved the Nigerian Exchange Limited, NGX, guidelines on trade execution on manually negotiated deal for fixed income securities. Click SEC approves NGX guidelines on trade execution for fixed income securities (vanguardngr.com) for more

 

Bankers, private sector seek increased forex to manufacturers "" Punch

The Association of Corporate Affairs Managers of Banks and the Chartered Institute of Bankers of Nigeria have urged the Central Bank of Nigeria to increase foreign exchange allocation to the real sector. Click Bankers, private sector seek increased forex to manufacturers (punchng.com) for more

 

FG to begin products' certification before export "" Punch

The Federal Government, on Thursday, received the International Organisation for Standardisation accreditation certificate on behalf of the Nigerian Stored Products Research Institute, an agency under the Federal Ministry of Agriculture and Rural Development. Click FG to begin products' certification before export (punchng.com) for more

 

Company

 

Jaiz Bank's half-year profit rises by 27.6% "" Punch

Jaiz Bank Plc has said its profit after tax rose by 27.6% from N1.99 billion in June 2021 to N2.54 billion at the end of June 2022. Click Jaiz Bank's half-year profit rises by 27% (punchng.com) for more

 

 

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