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Media Highlights 27-09-2022
(Source: CardinalStone Research, Date: 27-Sep-2022)

 

Global Market News

 

Bank of England says it won't hesitate to hike rates after pound falls to historic low "" CNBC

The Bank of England on Monday said it is monitoring financial market developments ...very closely" after a dramatic morning of turmoil saw the British pound fall to an all-time low against the U.S. dollar. Click Bank of England monitoring markets 'very closely' after pound falls (cnbc.com) for more.

 

Oil prices claw back some losses as focus turns to possible supply cuts - Reuters

Oil prices rose on Tuesday, after plunging to nine-month lows a day earlier, on indications that producer alliance OPEC+ may enact output cuts to avoid a further collapse in prices. Click Oil rises as focus turns to possible supply cuts | Reuters for more.

 

Political News

 

Ortom Breaks with Wike, Says He's Not Supporting Ayu's Removal "" This Day

Benue State Governor Samuel Ortom, yesterday, dismissed insinuations that he was in support of the removal of National Chairman of Peoples Democratic Party (PDP), Dr. Iyorchia Ayu, saying it is impossible for him to advocate the removal of someone he helped to appoint. Click Ortom Breaks with Wike, Says He's Not Supporting Ayu's Removal "" THISDAYLIVE for more.

 

Campaign: Atiku appoints Saraki, others as special advisers "" Punch

The Peoples Democratic Party presidential candidate, Atiku Abubakar, on Monday, made key appointments of Special Advisers aimed at strengthening his presidential campaign team. Click Campaign: Atiku appoints Saraki, others as special advisers (punchng.com) for more.

 

Macroeconomic News

 

Nigeria to commence AfCFTA participation in Q4 "" Committee "" Punch

The committee for the African Continental Free Trade Area has said that Nigeria will be participating fully in the agreement by the last quarter of 2023. Click Nigeria to commence AfCFTA participation in Q4 "" Committee (punchng.com) for more.

 

ASUU Strike: FG backpedals, withdraws order to reopen Varsities "" This Day

The federal government, through the National Universities Commission (NUC), yesterday withdrew an earlier circular in which it had ordered vice-chancellors, pro-chancellors and governing councils to re-open federal universities. Click ASUU Strike: FG Backpedals, Withdraws Order to Reopen Varsities "" THISDAYLIVE for more.

 

Nigeria Air: Ministry removes Sovereign Fund Authority from investors list "" The Guardian

Barely 24 hours after it reeled out shareholders of the new national carrier, the Ministry of Aviation has dramatically delisted the Nigerian Sovereign Investment Authority (NSIA) from the list of investors. Click Nigeria Air: Ministry removes Sovereign Fund Authority from investors list "” Business "” The Guardian Nigeria News "" Nigeria and World News for more.

 

SEC, others seek urgent passage of CISI Bill "" The Guardian

The Securities and Exchange Commission (SEC) has stated that the passage of the Investments and Securities Bill (ISB) 2022 would enhance the performance of the capital market as well as facilitate economic diversification. Click SEC, others seek urgent passage of CISI Bill | The Guardian Nigeria News - Nigeria and World News "” Business "” The Guardian Nigeria News "" Nigeria and World News for more.

 

Ogun partners World Bank on access to agricultural land "" Punch

Ogun State Government says it has entered into a partnership with the World Bank to facilitate fairness in access to agricultural land in the state. Click Ogun partners World Bank on access to agricultural land (punchng.com) for more.

 

Nasarawa electricity consumers kick against alleged 400% rise in tariff "" This Day

Several electricity consumers in Karu, Nasarawa state, have kicked against the prolonged estimated billing by the Abuja Electricity Distribution Company (AEDC). Click Nasarawa Electricity Consumers Kick Against Alleged 400% Rise in Tariff "" THISDAYLIVE for more.

 

Companies

 

Shell's Nigerian operations may decline as incoming CEO set to rev up renewables drive ""  This Day

Shell's incoming Chief Executive, Wael Sawan, is set to accelerate the group's drive to build its renewable energy business, including through a possible ...transformative" clean power acquisition, company and industry sources have told Reuters. Click Shell's Nigerian Operations May Decline as Incoming CEO Set to Rev Up Renewables Drive "" THISDAYLIVE for more.

 

 

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