Archived edition · 17:54 Lagos
Thursday 3 September
- New articles analysed in today’s runs
- 25
- High-risk articles today
- 1
- Board appointments today
- 4
- Contract awards today
- 4
Key Developments
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Uber Market Exit
Uber has ceased operations in Nigeria and Uganda as part of a global restructuring effort involving a 10% worldwide workforce reduction ([Crypto Briefing](https://cryptobriefing.com/uber-shuts-down-nigeria-operations/)). This exit has sparked condemnation from labor unions and transporters ([theeagleonline.com.ng](https://news.google.com/rss/articles/CBMieEFVX3lxTE1ZUGZRazAzTUdYMUxoazlTdTMzZmRJYkFlWVZVb0EtRjVhOV91UGlLVnFVblhxMU5NcTJwMjZ3d1lsSDc2ZHN4SWRtYWFkRkJlbU1OaTVXRjdMb1_7cWRiYVZJX_ppYVOSBJRnNMWG0IdRan9lyX), [Vanguard News](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPRGl3ZXdOQ1pPTllBUWgxUkJmVDFCbFF6TFVONzVwS3NLaTNVdjlSNzNldUtta00wMTMwVjZFQUU5UVhaWXdaNlNmdHQ3RHhxYmJoZC1rNEFpT1Q0by1OQ09RU0VwVXZza0NFaFAyM2kwbWhCTUFjMERqZHlsUDNiLV82OURLWWFQbzNQXzBob3Q3S0RzeUtQZ0hNd0VGOG5EV3p4cHNZVWlwZ9IBrwFBVV_5cUxQLU0xa3hzaUt2eml6blFhTXROc3R5Y0pqT3A2QWhGUWMzT3N1MXZ6WV_5S2FkUjFPMHZsS1AtMkpxQ3lybU1ocGRrVWlfbGdQcHFJLWRjbDEzZ2NwdklISGlfc1JlSkxReWctcE1JLW1JV1prWjdFeXQ2V0htbngxZUpINlctQzh3R29VN3B2U3I2NHpsX1cteGlBMWJkeUxnNkhoYU1fREZfaWlzdERj)).
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Opay Listing Strategy
Opay Digital Services is considering a secondary listing on the Nigerian Exchange (NGX) in tandem with a planned $4 billion US IPO ([Crypto Briefing](https://cryptobriefing.com/opay-secondary-listing-nigeria-exchange-softbank/)).
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Financial Dispute
Kudiwave has staged protests at PalmPay offices demanding the return of N750 million ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMiswFBVV95cUxNekFqaWdiQWRnSWt5UU0xOGluUnZoV3AwVkRfSGVoQ0tsMnBHQi1pR3V3S0k3dTdQNDN1WFNHSjlJMnpIMXNBZWRjdUdBRkpwNWZMTGllOVlzb3VzQUJHTGVlc0FTVjlZeU1qWHdNeS0tWjlEYkRIaDhKaFVGMl9rUjZ4VzBHOVlvTldBaUJjWkJSZ2FpSDVLcldreUI4Uld3SzNLNV9XSndQQjBfcUpRNENZUQ)).
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Energy Infrastructure
Energy firms have committed $4 million to expand solar mini-grids across several Nigerian states ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMirgFBVV95cUxOYm5Ka2tNUTdHVmI2NE5KSTNkUXJvUmtTemVZRW4yVG50akVMUkg5enlQUkZDdHFhZktHT1ZBRkFxSFdrVzIyc3I5Z3lOdnpMWDBQZTE1eWFDbTZuYi1YR2pSLWFzazBIcThBQ2MwNk91VVgtazFuU1pueVQwLW13a0xKTmVnVVEwZHNlc1VHc3c4SlhobFA0eW5rTnZGTDBhZ25kZGJ2MVdmY2RUeFE)).
High Risk Alerts
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Audit Resignation
The external auditors of Cutix Plc have resigned after a six-year tenure, which may necessitate a review of the company's financial reporting stability ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMiygFBVV95cUxOLWVzV3dfWUJPN3BOa01Ba3VOSzZobF9xczVRSlBkOW9SVUNNYUhnNzNORUpkU0lpdGpXd2dLeElKeGtMd1U0UDhLWTlVRkxUeThlY0lFSm1QVXVJN3FWN3VzT0pmaThFV2pMMUJuWmlNZldkN0FSWUNrenVQaF9FeW9VUVZnNmlEdzIxWDZBQ05aVVF2cDd5LTZ4SW04U0pITHNyZ1UyeDhabTZCeFpVeHkwY29wNGVacFdNQk5QNzczQ2hhZDI1TEJR)).
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Financial Remittance
NNPC has remitted N7.913 trillion to the FAAC, though concerns persist regarding OB3 pipeline operations ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMinwFBVV95cUxNbmJTUWZHYkRkQ0ptbUk5U0FsZzI1TmZPanc2X2tEWFAzb3otWXJ3ZGcxV0Y2cHAyS0YyakpQQ3poWHloZkg5WVo4VEp0NTRFNF9hd0VzZzlDZjU0QUZaUzRiRkhibkpjT0hHNHlfamdSbU5PU2lDSktsWmR5RXltSVgwX3BQOURPRTBYbzhJTzBrX3NfaWRhd0U2RDNRSmM)).
Beneficial Ownership & PSC Disclosures
No Persons with Significant Control (PSC) were identified in the provided data.
Procurement & Board Changes
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TETFund Research Grant
The Tertiary Education Trust Fund has opened a N10 billion research fund ([leadership](https://leadership.ng/powering-nigerias-knowledge-economy-tetfund-opens-n10bn-research-fund/)).
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Adamawa Agriculture Spend
The Adamawa State Government approved N2.2 billion for dry-season fertilizer procurement ([leadership](https://leadership.ng/dry-season-farming-adamawa-approves-n2-2bn-for-fertiliser/)).
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LASBCA Appointment
Governor Sanwo-Olu appointed Gbaye as the General Manager of the Lagos State Building Control Agency ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMifkFVX3lxTE5MbXBaSzV5S3ZDNXFiaHRRUEhGMjladUk4NHNYQXdWU1RhTXdDeEw0SkthdjRVRkFwd0c0ZkwzZUp4Z2Z1d1dUU0lVZUNFUmlYdFhSWGhrU1Q3QUVrT0ZiQlRub3FJcWgwTDRQUmpPX_AVN7dJktPgQhcyNg)).
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Corporate Board Addition
Haruna was appointed as the board chairman of the Iwemi Academic Platform ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMilgFBVV95cUxQQ2RaX3o0WjdFWTltY2FycllHOThZeEh6OUJDbHVvRWtNMTk0R2YtNmRmajZmNlBBOEFHTVgzS2pUekhCbnpfZjZRb01MRGJwSGp4cmFJVWJFR1pLaDZldFBqNlJ5UW5wTkg5OGJYWTVnX2YyektRaHBTUEd6Rl9PdE1OQmVkNXB6bTRNLXlYTmdCWUotMUE)).