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Media Highlights 01-03-2024
(Source: CardinalStone Research, Date: 01-Mar-2024)

Global Market News


Asia's factories struggle for growth as Japan falters, China unsteady "" Reuters

Asia's major manufacturing economies struggled to claw their way out of decline in February with Japan particularly squeezed by a steeper fall in demand while an uneven recovery in China overshadowed some signs of improvement elsewhere in the region. Click here for more


India economy beats expectations with 8.4% growth "" BBC

India has retained its title of the world's fastest-growing major economy as it expanded by 8.4% in the last three months of 2023. Click here for more


Macroeconomic News


FX debt: CBN owing only five banks, says Cardoso "" Punch

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that foreign exchange backlogs have been cleared in all the banks except for five of them. Click here for more.


FG's 10-man panel to probe foreign airlines over high fares "" Punch

In a bid to make air travel more affordable for Nigerians, the Nigeria Civil Aviation Authority, Chris Najomo, has set up a 10-man committee to probe foreign airlines over skyrocketing fares. Click here for more.


Naira slump, hyperinflation, others hurting quantity surveyors ""NIQS President "" The Sun

The President of Nigeria Institute of Quantity Surveyors, Mr. Kene Nzekwe, has bemoaned the raging hyperinflation in the country, saying the development has terribly vandalised the economy. Click here for more.


House of Representatives dismiss petition against NPA MD, Bello-Koko "" This Day

Following an exhaustive investigation that spanned weeks, the House of Representatives has dismissed a petition against the Managing Director of the Nigeria Ports Authority (NPA), Muhammed Bello-Koko. Click here for more.


FG pays $120m from gas debts as blackout spreads "" Punch

The Federal Government has paid $120m out of the $1.3bn indebtedness to gas companies for the supply of gas to run gas-fired power plants across the country. Click here for more.



Company News

Lafarge Africa shareholders to get N30bn dividend"" Punch

The Board of Directors of Lafarge Africa has proposed a dividend of N1.90 per unit of its shares for the year ended December 2023 amounting to N30.60bn. Click here for more.

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