May 20, 2022/CSL Research Based on a Businessday report, low demand and other challenges, including rising energy costs, are forcing manufacturers in Nigeria to reduce production while some are shutting down operations temporarily. Officials of the Manufacturers Association of Nigeria (MAN) noted the decline in manufacturing in Lagos and Ogun […]
Updates
Xago, Innovative Crypto Fintech Based in South Africa, Announces XUS Supporting the US Dollar
May 20, 2022/Aetoswire Xago Technologies (Pty) Ltd. in CAPE TOWN, South Africa, announces the launch of Xago XUS which supports the US dollar, empowering clients to deposit and payout funds, with US dollars and USDC via the Xago platform. Founded in 2016, Xago enables business and individual clients to send […]
Modest Increase in the FAAC Payout
May 20, 2022/Coronation Research The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to N725.6bn in April (from March revenue). This shows an increase of 4.4% or N30.6bn from the previous payout. Based on data in the local […]
