Utica Capital Limited

The IMF approved a USD360.0mn disbursement to Ghana under its USD3.0bn Extended Credit Facility, following the third review of the 36-month program. Progress in debt restructuring, including domestic efforts and Eurobond exchanges, contributed to this approval. Total disbursements now reach USD1.92bn. The funding is expected to boost investor confidence and support fiscal discipline, though risks from elections and policy shifts remain. #wotd #wordoftheweek

The Nigerian government has introduced a NGN50.0 levy on digital money transfers of NGN10,000 or more via fintech platforms like Opay, Moniepoint, and Kuda. The levying took effect on December 1, 2024, under the Finance Act 2020 and aims to boost government revenue, particularly from the digital economy For more financial reports from the week ended, click to read more.. #marketupdate

Did you know the hashtag’s real name is octothorpe? 🤔 The ‘octo’ refers to the 8 points of the symbol, while ‘thorpe’ was playfully added by Bell Labs engineers in the 1960s. Originally used in telecom and programming, it’s now a global social media icon, organizing conversations and trends worldwide. Amazing, right? #funfacts #hashtagorigins #fffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff #funfactfriday

The B-Match system allows banks to anonymously place orders into a central limit order book, where they are matched with counterparties based on predefined trading limits and parameters. The Central Bank of Nigeria (CBN) has mandated the use of the Bloomberg B-Match platform for interbank foreign exchange trading, effective December 2, 2024. This automated trading platform is designed to enhance market efficiency and transparency by streamlining the trading process and providing the CBN with greater oversight. By automating trade matching and reducing manual intervention, the platform aims to improve price discovery, reduce bid-ask spreads, and mitigate market manipulation. #wordoftheweek #wotd

On the global scene, the U.S. President-elect Donald Trump has warned BRICS nations against creating or supporting an alternative currency to the U.S. dollar, threatening 100% tariffs on exports to the U.S. if they proceed. Read more Financial News from the previous week #marketupdate

Did you know that the sun is approximately 400 times larger in diameter than the moon, but it is also 400 times farther from Earth, making them appear nearly the same size in the sky. 🌞🌙✨ #funfacts

Consumer access is a key concept in both business strategy and public policy. Businesses seek to maximise consumer access to grow their customer base, while policymakers aim to ensure equitable access to essential goods and services. Consumer Credit Corporation (CREDICORP) introduced the S.C.A.L.E. (Securing Consumer Access for Local Enterprises) initiative to bolster consumer access to credit for purchasing locally produced products. This initiative seeks to stimulate demand across critical sectors such as home improvement, mobility, electronics, energy solutions, and general merchandise, thereby strengthening domestic industries. Local manufacturers have been directed to register before December 15, 2024, to participate. If properly implemented, the program could drive industrial expansion, create employment opportunities, and enhance economic resilience by fostering stronger links between consumers and verified local suppliers #WOTD

⏳ Just 1 Day Left! Be part of the Utica Discuss Webinar Series VII as we break down the New Tax Reform Bill: How It Affects You & I. Empower yourself with the knowledge to stay ahead! 📅 Date: Thursday, Nov 28, 2024 ⏰ Time: 10:00 AM 🎙 Guest Speaker: Fidelis Chukwu, FCA 💼 Host: Azeezat Quadri, ACA ✨ Why Attend? Understand how the new tax laws impact individuals and businesses. Gain actionable tips from industry experts. Engage directly during the live Q&A session! 📲 Reserve your spot now: https://lnkd.in/dJyj7CXu 🔑 Meeting ID: 876 2334 8444 | Passcode: Utica Time is running out—don’t miss this opportunity! #UticaDiscuss #TaxMatters #WebinarAlert #FinanceTips

At Utica Capital Limited, we take pride in our ability to share knowledge so that we do not just develop ourselves but develop the people around us as well. On August 29, 2024, we had a session with the esteemed Marilyn Obaisa-Osula, an ESG and Sustainability expert at PwC and she more than did justice to the topic 'Sustainability Reporting' given that it's a pivotal part of today's world. Having moderated that webinar, I must say that I had a lot of light-bulb moments and also enjoyed the opportunity of gleaning from her wealth of knowledge; this was also confirmed by those who attended. I have Utica Capital Limited to thank for this 🙌 🙌 Come November 28, 2024, Utica Capital Limited will be organizing another webinar where our speaker Fidelis Chukwu FCA, MBA of Kreston Pedabo will be shedding more light on another interesting and trending topic ' The New Tax Reform Bill: How it affects You and I'. You do not want to miss this as you deserve to know how the proposed tax reform in Nigeria will not only affect your purse as an employee but how it affects you as an employer or business owner. As always, it promises to be a time well spent with our team and you will be glad you attended. See you there. Link to register is https://lnkd.in/dvNUh5HS Meeting ID: 876 2334 8444 Passcode: Utica

⏳ Time is of the essence! The MTN Nigeria Commercial Paper is now open, but the window closes fast – Thursday, November 28, 2024! 📌 Highlights: ✅ Tenor: 180 or 270 Days ✅ Implied Yield: 27.5% – 29% ✅ Minimum Subscription: N5,000,000 Don't miss this high-yield opportunity! Act now. 📞 Contact us today: ☎️ +234 703 164 8649 📧 info@uticacap.com 🌐 www.uticacap.com #InvestSmart #MTNCommercialPaper #UticaCapital