Media Highlights 06-12-2022 | InfoWARE Finance

Media Highlights 06-12-2022
(Source: CardinalStone Research, Date: 06-Dec-2022)

Global Market News

China's Covid lockdowns are having a lessening impact on its economy "" CNBC

According to Nomura, China's Covid lockdowns are having a lessening impact on the economy for the first time since early October. Click China's Covid lockdowns are having a lessening impact on its economy (cnbc.com) for more.

India signals it will continue to buy oil from Russia "" CNBC

India will prioritise its own energy needs and continue to buy oil from Russia, its foreign minister signalled Monday, as Western governments press Moscow with a price cap to squeeze its earnings from oil exports. Click India signals it will continue to buy oil from Russia (cnbc.com) for more.

Political News

At Chatham House, Tinubu reels out policy direction "" Leadership

Presidential candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu, yesterday at Chatham House in London, unveiled a wide range of issues that will form major administration policies if elected president in the 2023 general election. Click At Chatham House, Tinubu Reels Out Policy Direction (leadership.ng) for more.

At Lagos rally, Atiku pledges devolution of powers "" This Day

Presidential candidate of the People's Democratic Party (PDP), Atiku Abubakar, yesterday, at his rally in Lagos, pledged to devolve more powers to states and local government. Click At Lagos Rally, Atiku Pledges Devolution of Powers "" THISDAYLIVE for more.

Macroeconomic News

Labour: We will insist on transparency, and local refining before petrol subsidy removal "" This Day

The organised labour movement in the country, under the umbrella of the Nigeria Labour Congress (NLC), has again said it would resist any attempt to remove subsidy on petrol without the federal government first restoring local refineries to their functional states. Click Labour: We'll Insist on Transparency, Local Refining Before Petrol Subsidy Removal "" THISDAYLIVE for more.

House committee probes N4.014 trillion international customers' electricity debts since 2018 "" This Day

The House of Representatives Committee on Public Accounts has summoned the Managing Director of Nigeria Bulk Electricity Trading (NBET) Plc over the N4.014 trillion debt owed by some international electricity customers. Click House Committee Probes N4.014trn International Customers' Electricity Debts Since 2018 "" THISDAYLIVE for more.

Nigerians with NIN rise to 92.63 million "" Punch

According to new industry statistics from the National Identity Management Commission, the number of individuals with National Identification Numbers grew to 92.63 million in November. Click Nigerians with NIN rise to 92 million (punchng.com) for more.

For efficient power supply, FG maps over 3,937 settlements, 3.2 million houses in 23 states "" This Day

The federal government said it had mapped at least 3,937 settlements and 3.2 million houses in 23 states to supply reliable electricity to Nigerians. Click For Efficient Power Supply, FG Maps over 3,937 Settlements, 3.2 Million Houses in 23 States "" THISDAYLIVE for more.

Nigeria's foreign trade declines by N1.24 trillion "" Punch

Nigeria's total merchandise trade fell by N1.24 trillion, from N12.84 trillion in the second quarter of 2022 to N11.59 trillion in the third quarter of 2022. Click Nigeria's foreign trade declines by N1.24tn (punchng.com) for more.

Nigeria-Morocco pipeline: NNPC seals deal with Ghana, Gambia, others "" This Day

The Nigerian National Petroleum Company Limited (NNPC) signed separate memoranda of Association (MoU) with the national oil companies of Ghana, Gambia, Guinea, Guinea Bissau and Sierra Leone in furtherance of the planned Nigeria-Morocco Gas pipeline project. Click Nigeria-Morocco Pipeline: NNPC Seals Deal with Ghana, Gambia, Others "" THISDAYLIVE for more.

Sylva: Nigeria will meet the 1.8 mbpd OPEC quota by May 2023 "" This Day

The Minister of State, Petroleum Resources, Chief Timipre Sylva, said Nigeria was working towards meeting its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.8 million bpd by the end of May 2023. Click Sylva: Nigeria Will Meet 1.8mbpd OPEC Quota by May 2023 "" THISDAYLIVE for more.