Morning Beats





NAICOM targets 15 other insurance companies for IBAI
National Insurance Commission, NAICOM, said it is targeting 15 more companies for the Index-Base Agriculture Insurance, IBAI.Vanguard

Nigeria to export 1m barrels of first oil from $16bn Egina project in January, 2019
There are indications that the coming on stream of the $16 billion Egina project will enhance the revenue profile of Nigeria and other stakeholders as plans have been concluded to export one million barrels in January, 2019.Vanguard

Nigeria ranks low in insurance penetration in Africa – Oni
Nigeria’s  insurance penetration of 0.4 percent has been described as one of the lowest  in Africa.Vanguard

More companies flout NSE’s post listing requirements
THE number of companies flouting   the post listing requirement of the Nigerian Stock Exchange, NSE, regarding timely disclosure of financial performance rose by 37.5 percent in 2017, prompting shareholders to call for sanctions on directors of the companies. Vanguard

FG positioning transport, shipping to lead employment, GDP – NSC boss
THE Federal Government has begun implementation of deliberate plans and policies targeted at making the country’s transport and shipping businesses become leading employers of labour and major contributors to the national Gross Domestic Product, GDP.Vanguard

Divergent outlook for stock market as investors lose N542bn
ANALYSTS have expressed divergent views on the likely outcome of the market for this week following the sale pressure that led to the loss of N542 billion.Vanguard

The Nigerian Stock Exchange (NSE) will today begin the implementation of new rules that give market authorities greater surveillance and control over block divestment and voluminous deals.The Nation

About 60 per cent of Federal, state and local  governments’ asset are uninsured, The Nation has learnt. The assets, which include government workers and properties, are unprotected and open to risks and losses.The Nation

Seven-Up Bottling Company (7-Up) Plc has filed an application with the Nigerian Stock Exchange (NSE), seeking to delist its shares from the Exchange and end its 32 years as a publicly quoted company.The Nation

The Nigeria Deposit Insurance Corporation (NDIC) has zero tolerance for malpractice, its Managing Director/Chief Executive, Umaru Ibrahim, has said.The Nation

The Nigerian Export-Import Bank (NEXIM) is  set to give a financial lifeline of between N4 billion and N5 billion to Multi-Trex Nigeria to restore and boost the cocoa firm’s operations,The Nation

Momodou Musa Joof is the Managing Director/CEO Jaiz Takaful Insurance Plc, which prides itself as an insurance company that settles claims as well as ensures profits sharing amongst patrons.The Nation

Farmers to access FG’s loans, herdsmen insurance cover
Nike Popoola The National Insurance Commission has commenced the pilot implementation of Index-based Agricultural Insurance products in 10 northern states that will give farmers access to the Federal Government loans. The Commissioner for Insurance, Alhaji Mohammed Kari, stated this during a workshop in Abuja.Punch

National Assembly approved $300m Diaspora Bond —DMO
Everest Amaefule, Abuja  The Debt Management Office said the National Assembly approved the Diaspora Bond, which was used to borrow $300m from Nigerians in the diaspora.Punch

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