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Media Highlights 26-09-2022
(Source: CardinalStone Research, Date: 26-Sep-2022)

 

Global Market News

 

Sterling hits record low against the dollar, as Asia-Pacific currencies also weaken "" CNBC

The British pound plunged to a record low on Monday morning in Asia, following last week's announcement by the new U.K. government that it would implement tax cuts and investment incentives to boost growth. Click Sterling hits record low against the dollar, as Asia-Pacific currencies also weaken (cnbc.com) for more.

 

U.S. warns Russia of "Ëœcatastrophic consequences' if It uses nuclear weapons "" NY Times 

On Sunday, President Biden's national security adviser mentioned that the United States had warned Russia that there would be ...catastrophic consequences" for the country if Moscow used nuclear weapons in its increasing desperation to hold on to territory in Ukraine. Click U.S. Warns Russia of "ËœCatastrophic Consequences' if It Uses Nuclear Weapons - The New York Times (nytimes.com) for more.

 

Political News

 

Obi: Youths will be major part of my administration "" This Day

Yesterday, the presidential candidate of the Labour Party, Peter Obi, in a statement in Abuja, said his desire was to offer Nigeria and Nigerians purposeful leadership, drawing strength from the people in general and the youths in particular. Click Obi: Youths Will Be Major Part of My Administration "" THISDAYLIVE for more.

 

Oyetola, Adeleke in war of words as tribunal begins sitting today "" The Nation

The Election Petition Tribunal had fixed September 26 for the beginning of sitting to hear the election petition on Osun 2022 governorship election, which Oyetola filed against Adeleke and Independent National Electoral Commission (INEC) seeking the cancellation of 749 polling units because of alleged over voting. Click Oyetola, Adeleke in war of words as tribunal begins sitting today The Nation Newspaper (thenationonlineng.net) for more.

 

Macroeconomic News

 

Smugglers shoot customs officers, abandon 81,425 litres of PMS "" Punch

The Federal Operations Unit, Zone A of the Nigeria Customs Service, said that suspected smugglers shot severally at officers of the service in an attempt to smuggle 81,425 liters of Petroleum Motor Spirit at Badagry area of Lagos State in the early hours of Thursday. Click Smugglers shoot Customs officers, abandon 81,425 PMS litres (punchng.com) for more.

 

No plan to sell Transmission Company of Nigeria "" BPE "" PM News

The Bureau of Public Enterprises (BPE) has dismissed a story doing the rounds that the Federal Government was putting the Transmission Company of Nigeria (TCN) up for sale. Click No plan to sell Transmission Company of Nigeria "" BPE - P.M. News (pmnewsnigeria.com) for more.

 

$23 million Abacha loot: SERAP sues Buhari, Malami over failure to publish copy of agreement with US "" This Day

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over the failure to publish details of the agreement the federal government recently signed with the United States for the repatriation of $23 million stolen by the late Dictator Sani Abacha. Joined in the suit as respondent was the Attorney-General of the Federation and Minister of Justice, Abubakar Malami. Click $23m Abacha Loot: SERAP Sues Buhari, Malami over Failure to Publish Copy of Agreement with US "" THISDAYLIVE for more.

 

N29 billion ground rents debt: FCTA to place caveat on debtors' property "" This Day

The FCT Administration has placed a caveat on properties whose cases are already in courts as a step towards recovering the N29 billion debt owed it by property owners in the Federal Capital Territory. Click N29bn Ground Rents Debt: FCTA to Place Caveat on Debtors' Property "" THISDAYLIVE for more.

 

Forex scarcity hampering cargo clearance "" Freight forwarder "" Punch

Johnny Ubaka, the General Secretary of the Association of Concerned Freight Forwarders and Transporters, in an interview, spoke on the challenges facing the sector and the way forward. Click Forex scarcity hampering cargo clearance ""Freight forwarder (punchng.com) for more.

 

Harvests from Nigeria's global economic summit in New York "" The Nation

Senior Special Assistant to the President on Media and Publicity, Garba Shehu, highlighted what Nigeria stands to gain from the recent international economic partnership forum held in Manhattan, New York, United States. Click Harvests from Nigeria's global economic summit in New York The Nation Newspaper (thenationonlineng.net) for more.

 

Companies

 

Herbert Wigwe: Steering Access Corporation's sustainable growth "" This Day

Access Corporation Plc recently released its half year 2022 financial result and recorded gross earnings of N591.803 billion for the period under review. This represented a growth of 31.42% year-on-year. Click Harvests from Nigeria's global economic summit in New York The Nation Newspaper (thenationonlineng.net) for more.

 

Shareholders of Afriland Properties seek interventions to close housing deficit "" Guardian

Shareholders of Afriland Properties Plc have called on the Federal Government to replicate the success recorded agriculture in the housing sector to bridge the N21 trillion deficit, even as they approved of the firm's 10 kobo dividend. Click Shareholders of Afriland Properties seek interventions to close housing deficit | The Guardian Nigeria News - Nigeria and World News "” Business "” The Guardian Nigeria News "" Nigeria and World News for more

 

FBN Insurance boss targets winning 600,000 new customers in one year "" This Day

The new Managing Director/ Chief Operating Officer, FBN Insurance Limited, Tunde Mimiko, has said that he has mapped strategic plans to expand his company's market share through addition of 600,000 clients to the company's books in the next one year. Click FBN Insurance Boss Targets Winning 600,000 New Customers in One Year "" THISDAYLIVE for more.

 

 

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