Media Highlights 25-11-2022 | InfoWARE Finance

Media Highlights 25-11-2022
(Source: CardinalStone Research, Date: 25-Nov-2022)

Global Market News

Ghana at high risk of debt distress, finance minister says - Reuters

Ghana will freeze the hiring of public and civil servants and extend a moratorium on government car purchases and non-essential travel in order to tackle a spiralling debt crisis, finance minister Ken Ofori-Atta said on Thursday. Click Ghana at high risk of debt distress, finance minister says | Reuters for more.

IMF asks China to boost vaccination, recalibrate strategy to fight Covid "" Business-standard

The International Monitory Fund (IMF) has asked China to ramp up its COVID-19 vaccinations while stressing the need to recalibrate the strategy to deal with the virus to address challenges arising from the property sector, and slowing global demand. Click IMF asks China to boost vaccination, recalibrate strategy to fight Covid | Business Standard News (business-standard.com) for more.

Political News

G5 govs opportunists, we will win Lagos "" State PDP chair "" Punch

The chairman of the Lagos State chapter of the Peoples Democratic Party, Philip Aivoji, speaks to Segun Adewole on the visit of the five aggrieved governors of the party to the state. Click G5 govs opportunists, we will win Lagos "" State PDP chair (punchng.com) for more.

2023: We'll dialogue with all agitating groups "" Tinubu "" Vanguard

Abakaliki "" The All Progressive Congress, APC presidential candidate for the 2023 general election, Asiwaju Bola Ahmed Tinubu, Thursday said his administration will dialogue with all the groups agitating for one reason or the other in the country. Click 2023: We'll dialogue with all agitating groups - Tinubu - (vanguardngr.com) for more.

Atiku pledges $10 billion for youths, women employment "" Punch

The presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar, has promised to set aside 10 billion USD to create employment and boost small and medium-scale enterprises to help employment drive for youths and women in the country. Click Atiku pledges $10bn for youths, women employment (punchng.com) for more.

Macroeconomic News

CBN disburses N1 trillion to Anchor Borrowers Programme farmers "" Punch

The CBN has disbursed N1.07tn to farmers under the Anchor Borrowers Programme. This was disclosed by the bank's communiquÃƒÂ© no 145 released after its recent Monetary Policy Committee meeting in Abuja. Click CBN disburses N1tn to Anchor Borrowers Programme farmers (punchng.com) for more.

Rate hike gives naira marginal boost "" The Nation

The naira yesterday appreciated against the dollar trading at N785/$1 at the parallel market from N795/$ at last week's close. The naira pickup against the dollar came after the Central Bank of Nigeria (CBN) lifted interest rates by one percentage point to 16.5 per cent in a bid to cut inflation. Click Rate hike gives naira marginal boost at N785/$ The Nation Newspaper (thenationonlineng.net) for more.

NNPC meets marketers as petrol scarcity bites harder "" Punch

The scarcity of the premium motor spirit, popularly called petrol, has continued to spread across many states, resurfacing in Abuja on Wednesday after disappearing briefly. It grew worse in Lagos, Ogun, and Ekiti, among others. Click NNPC meets marketers as petrol scarcity bites harder (punchng.com) for more.

Gas flaring: FG woos investors in Europe, US, Canada to buy 50 clusters "" Vanguard

The Federal Government has intensified efforts at getting investors to buy its 50 gas-flaring clusters in the Niger Delta, under the nation's Nigerian Gas Flare Commercialisation Programme, NGFCP. Click Gas flaring: FG woos investors in Europe, US, Canada to buy 50 clusters (vanguardngr.com) for more.

Reps worry over FG-China's $475 million deal "" Punch

The House of Representatives has commenced an investigation of the Memorandum of Understanding between the Federal Government, through the Federal Ministry of Communications and Digital Economy, and the Government of China on an optic fibre project worth $475m. Click Reps worry over FG-China's $475m deal (punchng.com) for more.

Company

Shareholders of Vitafoam approve cancellation of 1.14 billion unissued shares "" ThisDay

The shareholders of Vitafoam Nigeria Plc have unanimously endorsed the company's proposal to cancel 1,149,155,936 unissued ordinary shares of 50 kobo each, in compliance with the federal government's directive to all companies in Nigeria. Click Shareholders of Vitafoam Approve Cancellation of 1.14bn Unissued Shares "" THISDAYLIVE for more.