August 29, 2022/US Federal Reserve The Federal Reserve Banks have narrowed the timing of the FedNow Service launch to mid-year 2023, specifically targeting a production rollout of the service in the May to July timeframe. This further defines the previously communicated 2023 launch window for the anticipated instant payments service […]
Updates
Dangote to Save Forex, through 40% Sugar Import Substitution
…To employ 30,000 youths in Nasarawa August 29, 2022/Dangote Group Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 percent, thus paving the way for the employment of over 30,000 youths. President of Dangote Group, Aliko Dangote explained recently […]
United Capital Research Investment Views This Week 29th August 2022 to 2nd September 2022
August 29, 2022/United Capital Research Macro Highlight and Outlook According to the National Bureau of Statistics, Nigeria’s real Gross Domestic Product (GDP) grew by 3.5% y/y in real terms in Q2-2022, indicating a 44bps increase compared to 3.1% in Q1-2022 and a 147bps decrease from 5.0% growth rate in Q2-2021. […]
