Morning Beats

World Bank Group scores Nigeria agric sub-sector low
Abuja – The World Bank Group on Tuesday in Abuja has said there is a need for governments to strengthen laws that govern the agricultural sector in the country.Vanguard

FG to auction N100bn bonds on Feb. 21- DMO
The Federal Government has offered for subscription by auction N100 billion worth of bonds in its Feb. 21 auction, the Debt Management Office (DMO) said.vanguard

Oil to hit $80 within six months — Goldman Sachs
THE oil market has rebalanced as Brent will reach $82.50 a barrel within six months, Goldman Sachs, a leading global investment banking, securities and investment management firm that provides a wide range of financial services said.Vanguard

Kachikwu laments Nigeria’s loss to oil production contracts

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Tuesday said the country had lost a lot of money to Production Sharing Contracts entered into with oil companies in the past.Punch

122 agencies to pay operating surpluses, FG targets N886bn

A total of 122 agencies are now required to pay operating surpluses annually into the Consolidated Revenue Fund of the Federal Government.Punch

Reps summon Emefiele, NDIC, BoI CEOs over N17bn NERFUND loans

An ad hoc committee of the House of Representatives on Tuesday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, over the N17bn non-performing loans recorded by the National Economic Reconstruction Fund.Punch

NNPC begins recovery of N100bn property

The Nigerian National Petroleum Corporation Properties Limited, the real estate management company of the NNPC, has commenced the recovery of the corporation’s landed property worth N100bn.Pucnh

Manufacturers’ power demand hits 14,882MW, want stranded 2,000MW

The Manufacturers Association of Nigeria on Tuesday declared that the daily demand for electricity by its members had increased to 14,882 megawatts and called on the Federal Government to sell the stranded 2,000MW of power produced by the generation companies to its members.Punch

Stock market in seven-day fall, investors lose N370bn

The Nigerian stock market declined by N370bn in one session on Tuesday, continuing on a free fall for seven straight sessions.Punch

Customs intercepts banned drugs at Lagos ports, rakes in N35bn in January
THE Apapa Command of the Nigeria Customs Service, NCS, said it intercepted four containers laden with banned and controlled drugs while a suspect was arrested in connection with the import.Vanguard

Stanbic IBTC lists three funds on FMDQ OTC Securities Exchange
Stanbic IBTC Asset Management Limited,  has listed three of the mutual funds under its management on the FMDQ Securities Exchange Plc.Vanguard

Nigeria’s oil output rises to 1.736 mb/d in January
Nigeria’s oil output increased   by 167,000 barrels   per day (b/d)   or   10.6 percent   to   1.736 million barrel per day (mb/d ) in the   month of   January 2018.Vanguard

Good news for Pensioners under CPS, by Takor
Cheering news came to pensioners who are on Programmed Withdrawal under the Contributory Pension Scheme managed by Pension Fund Administrators (PFAs) as the year 2017 came to an end.Vanguard

Heineken drives brand equity with new commercial
Insight Publicis, creators of the Heineken Villager campaign said it has gained more brand equity and increased the beers market share following the launch of a new commercial- Villager.Vanguard

Senate probes scarcity of lower naira denominations

The Senate is investigating the scarcity of lower naira denominations, which the lawmakers consider as a threat to the country’s economy.Punch

Access Bank: inflation to dip to 15.06%

January inflation rate (year-on-year) will dip lower to 15.05per cent, compared to the 15.37 per cent recorded in December last year,  the Economic Intelligence Group of Access Bank  has saidThe Nation

‘Non-oil economy still in recession’

Nigeria’s economy is still vulnerable with fragile growth driven by increased oil production and rising crude oil Price.The Nation

Japan extends $700m loan to ADF

The Japan International Cooperation Agency (JICA) has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance (ODA) loan to the tune of 73.601 billion Japanese Yen (about $700.9 million).The Nation

Lagos automates consumption tax collection

The Lagos Internal Revenue Service (LIRS) has introduced an Electronic Revenue Assurance (ERA) system for hotels, restaurants, night clubs and event centres in the state.The Nation

PCMN’s shareholders vote on relapse to private status, delisting

Shareholders of Paints and Coatings Manufacturers Nigeria (PCMN) Plc are scheduled to meet tomorrow to vote on sub-joined resolutions that will see the relapse of the company to a private limited liability company and the delisting of its shares from the Nigerian Stock Exchange (NSE).the nation

Economy to benefit from hospitality industry

The Nigerian hospitality industry is expected to contribute massively to Nigeria’s economic growth within the year, a report has said.The Nation

Citi analysts project EABL income growth to slow down

East African Breweries Ltd (EABL)  is projected to chalk up lower income growth after 2018 leading to less return on equity (RoE), a new analysis says.Business Daily Kenya

Citibank projects higher 2018 growth on services, manufacturing rally

Citibank said on Tuesday its 5.6 per cent economic growth forecast for Kenya in 2018 is largely pegged on expectations of recovery in the services and manufacturing sectors.Business Daily Kenya

Dubai Investments to sink Sh20bn into Kenya, Africa chain of private schools

Dubai Investments is set to invest $20 million (Sh2 billion) in a company that is building a chain of Sabis-branded private schools in multiple African countries including Kenya.Business Daily Kenya

Coffee earnings drop 13pc on low international prices

Coffee earnings dropped 13 per cent in the four months to January as low international prices affected local sales.Business Daily Kenya

Outflows hit 4-year high as foreigners cash in at NSE

Weekly foreign investor outflows rose to the highest level since 2014 as investors cashed in on blue chips whose prices have gone up in recent weeks, market data compiled by Standard Investment Bank (SIB) shows.Business Daily Kenya

Cut the risk: how to diversify your investments

Stories abound about a great-uncle who bought shares in a single investment, forgot about it and died before he could find out he was a multimillionaire as a result of his single punt.Business Live