Morning Beats



Adeosun takes tax amnesty campaign to Enugu
The Minister of Finance, Mrs. Kemi Adeosun, will lead a team of tax officials to Enugu State on Thursday as the Federal Government steps up the Voluntary Assets and Income Declaration Scheme campaign across the country.Punch

NAICOM to check illegal placement of business abroad
The Commissioner for Insurance, Alhaji Mohammed kari, has warned insurance consumers and operators against placing their risks abroad when the local capacity in the country has not yet been exhausted.Punch

Taxation: Banks set to release customers’ information to FG
The Deposit Money Banks in the country are about installing appropriate technologies that will enable them to submit the information of wealthy customers and other taxpayers to the Federal Government under the Common Reporting Standard programme, which Nigeria signed up to last August.Punch

Suspended SEC DG, Gwarzo, clarifies N1.7bn payment to workers
The suspended Director-General of the Securities and Exchange Commission, Mounir Gwarzo, on Sunday clarified why the sum of N1.7bn was paid as severance package under a ‘Golden Handshake’ scheme to workers of the commission under his leadership.Punch

Nigeria Preparing to Invite Billions in Power, Rail Investments
Nigeria could invite as much as $5 billion of annual investment to improve its creaking transportation and power networks once regulatory restrictions are removed, a senior government adviser said.Bloomberg

Q4’17 earning reports to drive market sentiment this week
AS investors await the release of full year financial reports by quoted companies, analysts and other dealing members in the capital market have said that the expectation will dictate the direction of the market this month starting from this week.Vanguard

More companies likely to raise funds from capital market this year — Kurfi
Managing Director of APT Securities & Funds Limited, Mallam Kasimu Kurfi, in this interview, spoke on how banks’ borrowing affected the performance of manufacturing companies quoted on the Nigerian Stock Exchange, NSE, and investors’ confidence in the stock market.Vanguard 

Financial inclusion necessary to boost Nigeria’s GDP —Ecobank Group Executive
NIGERIA’s effort to attract more people into the financial system, under its financial inclusion goals, will help to boost its Gross Domestic Products (GDP) and provide   wealth making opportunities for more Nigerians.Vanguard

 Rise in cost of funds to persist as CBN mops up N275bn

THE sharp increase in cost of funds in the interbank money market last week will persist this week, following the N275 billion liquidity mop up by the Central Bank of Nigeria (CBN).Vanguard

Insurers owe Dangote Group over N400m

PRESIDENT/Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote has said that two insurance companies have refused to pay about N400 million claims being owed subsidiaries of the Group since 2016.Vanguard
The mortgage finance  market recorded 82 per cent growth between 2010 and 2016, the Mortgage Banking Association of Nigeria (MBAN) President, Mr. Akinniyi Akinlusi, has said. The Nation


Industry analysts are optimistic that the nation’s real estate market will experience a rebound this year considering the positive economic fundamentals, reports Ibrahim Apekhade Yusuf For an industry that has literally suffered a period of boom and bust in recent years, the real estate subsector in the view of bookmakers like the proverbial comeback kid is about to unravel.The Nation

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