In this edition of the ‘Brief’, the Securities and Exchange Commission will on Thursday, August 18th, 2022 which will discuss critical developments in the Nigerian capital market. It will be chaired by the Director-General of the Securities and Exchange Commission Mr. Lamido Yuguda. 

For some of the key events to watch this week:

1. The Lagos State Ehingbetti Summit- August 16th-18th, 2022 
2. August 2022 Edition of the KPMG Social Media Tax Chat-August 16th, 2022 
3. SEC Q2, 2022 CMC Webinar Meeting-August 18th, 2022 
4. Coronation Webinar on Sustainability and Responsible Financing-August 18th, 2022

For the economic and financial market events from last week:

1. Minister of Petroleum cancelled the approval of Mobil Producing Nigeria acquisition by SEPLAT because of NUPRC rejection. 
2. NESG in its latest communique urged FG to explore a systematic subsidy removal programme. 
3. According to Proshare Analysts, 6 leading oil and gas companies listed in Nigeria recorded average revenue growth of +36% Y-o-Y in H1,2022. 
4. NGXASI, recorded a -2.09% loss WoW