Archived edition · 20:54 Lagos
Wednesday 16 September
- New articles analysed in today’s runs
- 36
- High-risk articles today
- 2
- Board appointments today
- 0
- Contract awards today
- 1
Key Developments
-
Corporate Transparency
The Corporate Affairs Commission (CAC) reports that Nigeria's beneficial ownership register is now a reference point for other nations and is seeking further harmonisation of registers to boost transparency ([Blueprint Newspapers](https://news.google.com/rss/articles/CBMipgFBVV95cUxQd2RnMFJqaHJVX1VpeGpSU3hBRER0X3FDYml6ZzVEM3EyTlVkNVJCNDNybFVEd2Zfc3NCcTQtRUozcDEyTTVrenZlWTQ1bXhVZmVKYlY5dmhCMHFTR0NHUlZvWFVLOXNWQ3A2MnktZnVaZzVNSmEyNEExcWg3ZUxkN1dFcDBpc0VCZkYxYWVXbUlVdFppXzJLVFU5WUlPYUk1eVF2NHNn?oc=5), [News Agency of Nigeria](https://news.google.com/rss/articles/CBMipAFBVV95cUxPaVF5MlBGcDlaaFpfREpUcFB3UkFxcVo1bElUblNfUWplaUJDcW9oRmpzMEp0bzBjLTVqX0UxckVYZ2U1QTk3OXNnTG1CUXZjQXZPSVREN1FlZHlNLWRRS0NGU0gzWU94TW9Ha1FadS1YbHA0bmIwRHJvTGNmcE1oNmJiUHAxdl95SmctTkMtT0JRR25oRHR1bzlrMWgxMnFtT2RzSQ?oc=5)).
-
Financial Markets
Dangote Refinery is preparing for an IPO with support from Keystone Bank and political figures like Peter Obi ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMikwFBVV95cUxNdUpjUl8xanVkXzV2cUNDcG9HUEFmcGp4RnphMWRwTlhuaWRVSDNhR0FrWTBFbVhZNHA2VEQxVlR5N3BhaTkwcjVVTGZRLTlHdmtNNWhCY0ZObWxBaVJmV3ktNmpKWVBLMTNURjlJWHpHWlQ4eGZkT2U0dy1MM19RV2l3ampCWU8ycnh0QU5GVHo2NTA?oc=5), [Punch Newspapers](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNbVYzMDh2Qmx3cmwwcmZSSk9aVVFVTS1CR0VrMTNtTV9FMEdmWlozeGlJLXl5LV9xTnlRWl9uY1pqMkp5V0dSWUVITW8wcWkxNmlNQmhzR1ZFNnNuVng0WE12WGNtZWtMYzBWR1Eyd2ptWGV6dG40RHJTaDA1b0dWRlkxZEFwSUpOSm4w?oc=5)).
-
Fiscal Risks
Fitch Ratings has flagged significant liquidity and debt risks regarding Nigeria's $5 billion Total Return Swap (TRS) ([Punch Newspapers](https://news.google.com/rss/articles/CBMigAFBVV95cUxNOXZ1dVEtb1NiYi1NT0xfeU5kcXF5TUVKUXJZLUV1OFBoVDRIWjQ3bXBuN1FqX1luR0xNNEpwYjRrQU1fSEUzbENScWJUTGxVbGg1dDlWUnRabHNWc3Zacm9Wc2hfU0JYb1Z3dHNsb3I1NE9DV2cwU05LZERpTjRNUg?oc=5)).
-
Regulatory Actions
The Pharmacists Council of Nigeria (PCN) sealed 797 premises in Kano to dismantle an illegal drug cluster ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMirgFBVV95cUxPSDdNSFl2bXB1TDJlYnhJYzNGaTJSb2hhblRKUnk0NDZkc1VrdExpY190c3NsSURiZ3htY1V6Z0RIME5BVnFpUXdDR3VfdDl3M2hjUjN1UEtCYXhKQXUxWFltLXF6Z2VUc1U3QkJ2SXM2Rkg4Q2ExTHVyY3BZTURxTVp3UkhmNWRBcGNuS3pkNmR6QjBRM1hCRVdFa2U3S215SHRLalpvY2hMUWtBMUE?oc=5)).
-
Other Updates
Notable activities include a N274.18bn debt issuance by RMB and BOI, a 92% spike in Bolt driver registrations, and a new CBN financial inclusion strategy ([punchng](https://punchng.com/rmb-boi-strengthen-partnership-with-n274-18bn-debt-issuance/), [Punch Newspapers](https://news.google.com/rss/articles/CBMikgFBVV95cUxNbzV4RmZBSlpvSVZvRlhzUEhod0Fwd3lhZDFNZlN1UEpyRE9ZM2hfQzVFZEFHaGRlNUpnWmVjT1BmMFhSVHh4MTZsLWtjdUFRSzljRUFPa0hiaS1GQTNKMWJHaFZ2Bnl2aHQ2bE9GSHlQeFh4N21ZeFVsMmctempBZWsxaFJEemlVRl9udEg4S3lUUQ?oc=5), [Premium Times Nigeria](https://news.google.com/rss/articles/CBMi1gFBVV95cUxQa1N2SVNMNEdYXzBlTXVIcjZ0U0JnRjVSVlB6NnhmeTZQd2xmb2NwR1hNQ0dJN0Etd0dFLTJfYkhaRG5VNDJvTGpNdjRtX25uck91OGo5UUZmUFE0Y3FWUXdqVTBhZW5WVDA0RUtrN2xWbndxUTRldDNFMjdlSnV0ZUMyU2ZYanFXSGU2aWNMZzc4VG1RZHZUYjNJbTV6SkNfU2dzTU9VaENkWUEzLVQzb2RyMWJ3em1GRkhXczQ1TzdyclVRdlQ4eXB1TXJ2cW1Ka3gtbHhB?oc=5)).
High Risk Alerts
-
Loan Diversion Allegations
Governor Makinde has been warned against potentially diverting an N85 billion French loan toward political campaign funding ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMilAFBVV95cUxQRVJ4cWhSeU0ycmdDd3JKMDd4TnJlSHp3cGVLWDFkTTJnZWo2ZkQtdk1WZDNmY3Jabzg5b0dlZTlZeTNMdDRPWUpUamg0aTFRdTB5YlZ3TmMwRHd2UlpySDA1REFoREVna3IyV1F0b1FvRTB2QklVZW9PTWdhTzhxTURSaU5yNkpCTGN5WFZubW9sdUcz?oc=5)).
-
Misappropriation of Funds
Reports suggest $160 billion allocated to the Niger Delta over 27 years failed to produce significant development ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPYmUtSF9VUEdmMVB3Q0MzWVgyWmJoYXpRdmFzd1N0ak1OMk9FMW9ZSUV6bkJfTjFsZ1JPUTJvUmVkMkk5MEhEMWFtV09udGYzSnkwRDd4aDdzSEQzNjdmUFZPdDNpcFpSSUpHUEZ6alRHLTQ4NmtUMXhTaUF2cEF0R0xGb2ZKc3JyRW1B?oc=5)).
-
Land Grabbing
The Ilaje community in Ondo State has rejected a proposed industrial city, alleging illegal land acquisition ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMimwFBVV95cUxNZW04SnBXT3dSMV9ZWFFqNHRhMi1ib3loUHBqLVpUbzB6a3J5VFpUUjF1RXhTTG1aci0tbnhhRUZPZWw5UTR0OW9fYk5nMm51YUNjb2J2Wk85WThmY2Rqd1puWGt0TUJVYjJWSWZ4eFZzMlpDY3BYRk5USUUxbkVCRjlXLUd0LUhBaGVTZ1g1M1lqRkI0eXAydTBjRQ?oc=5)).
Beneficial Ownership & PSC Disclosures
Creditville has acquired 1.7 million shares of Chams HoldCo; however, the specific percentage of ownership and resulting PSC status were not detailed in the reporting (punchng).
Procurement & Board Changes
No corporate governance or procurement updates were recorded for this period.