Wednesday, November 23, 2022
CEM REPORT, FINANCE | The fear of uncertainty in the parallel market has driven Bureau de change operators in Adamawa State to reject foreign currencies from customers This is as operators say they were apprehensive over the sudden and continued crash of the dollar which destabilized the parallel market. According to...
CEM REPORT, FINANCE | The Debt Management Office (DMO) has lamented that the Central Bank of Nigeria (CBN)’s policies are having adverse effects on liquidity in the financial markets. The debt office alleged that the CBN policies are equally making it difficult to sell even sovereign instruments that are regarded...
CEM REPORT, MEDIA | Newspaper vendors in Anambra State are protesting the alleged of displaying paper in public places. The vendors said the ban was an infringement on citizens’ rights to freedom of the press. According to reports by Daily Trust, government agents have been sending vendors off newsstands, urging them...
CEM REPORT, MARKET | Preline Limited has completed the compulsory takeover of 1,300,000 ordinary shares from shareholders of Eterna Plc. In a corporate disclosure to Nigerian Exchange Limited and the general public signed by Eterna’s Company Secretary Mandella Golkus, explained that the compulsory takeover was finalised following approval by the...
CEM REPORT, ICT | To reinforce its commitment to Africa, Amazon Web Services, Inc. (AWS), a subsidiary of Amazon, has opened its first office in Lagos, Nigeria. According to a statement issued by the firm’s Regional Manager, Sub-Saharan Africa, Amrote Abdella, the office will support its growing number of customers...
CEM REPORT, RETAIL | Lagos State Government has revealed plans to ban the sale of plastic bottled drinks exposed to the sunlight. The state government says confiscation of such drinks will commence in 2023. The General Manager, Consumer Protection Agency (LASCOPA), Afolabi Solebo in an interview with the newsmen in Lagos...
CEM REPORT, RETAIL | Game Discount World Limited, which runs the Game Stores in Nigeria, has revealed plans to close its shops and exit the Nigerian market by December 25, 2022. The decision was contained in a letter dated October 26 which comes after a previous announcement to sell its...
CEM REPORT, TRANSPORT | Commercial bus drivers in Lagos State commenced a seven-day warning strike from Monday 31st October. The drivers under the aegis of the Joint Drivers Welfare Association of Nigeria (JDWAN), have withheld their services across the state in protest over multiple and excessive extortions by the management...
CEM REPORT, OIL & GAS | The Nigerian Liquefied Natural Gas Limited (NLNG) has said that the force majeure it recently declared will not affect the supply of the product to the market. General Manager, of External Relations and Sustainable Development, Andy Odeh, while speaking on Arise Television, stated that...
CEM REPORT, MARKET | Consistent with its commitment to contribute to the growth and development of capital market in Nigeria and Africa, Nigerian Exchange Limited (NGX) says it will continue to collaborate with market stakeholders to enhance securities lending transactions and provide an efficient and liquid market for investors. This...