Morning Beats
Agriculture, like other sectors of the economy, is dependent on transportation to move people and produce from one point to another.The Nation
Blue chips record price rally on NSE, indices up by 1.03%
Some blue chips maintained upward movement on the Nigerian Stock Exchange ( NSE ) on Thursday with Nigerian Breweries leading the gainers’ chart.The Nation
Nigerian banks to report foreign currency exposures using NiFEX rate — Fitch
Fitch rating agency has disclosed that Nigerian banks plan to report the foreign currency items in their 2017 financial statements based on the Nigerian Foreign Exchange Fixing (NiFEX) rate instead of the official exchange rate.Vanguard
Fitch rating agency has disclosed that Nigerian banks plan to report the foreign currency items in their 2017 financial statements based on the Nigerian Foreign Exchange Fixing (NiFEX) rate instead of the official exchange rate.Vanguard
South African stocks in demand after Zuma quits, rand soars
South African stocks index rose as much as five per cent on Thursday, putting the main index on track for its biggest one-day gain in more than three years.The Nation
Seme Customs rakes in N.546bn in Jan, records 64 seizures
Badagry—THE Seme Command of the Nigerian Customs Service, NCS, said that it generated N546.8million for the first month of the year representing 81 percent of 2018 revenue target.Vanguard
Badagry—THE Seme Command of the Nigerian Customs Service, NCS, said that it generated N546.8million for the first month of the year representing 81 percent of 2018 revenue target.Vanguard
Retirees urge Union Bank to pay N42.77b retirement benefits
Retirees of the Union Bank of Nigeria, under the auspices of Grand Progressive Association of Contributory Pensioners of Union Bank of Nigeria, have accused the National Pension Commission (PenCom) of collaborating with the bank to deny them their benefits amounting to N42.77 billion.The Nation
‘N116.3b palm oil imported in 2017’
Nigeria’s $2.5bn Eurobond attracts over 7.143% rates
Abuja – The Federal government has announced the offering of US$2.5 billion aggregate principal amount of dual series notes under its Global Medium Term Note Programme.Vanguard
Abuja – The Federal government has announced the offering of US$2.5 billion aggregate principal amount of dual series notes under its Global Medium Term Note Programme.Vanguard
Okomu fingers illegal shipments, others as bottleneck to sales
Nigeria’s second-largest producer of palm oil, Okomu Oil Palm Plc, said illegal shipments of palm oil and weaker consumer income is affecting the company’s sales of palm oil in the country.Vanguard
Nigeria’s second-largest producer of palm oil, Okomu Oil Palm Plc, said illegal shipments of palm oil and weaker consumer income is affecting the company’s sales of palm oil in the country.Vanguard
Ecobank offers wealth planning services to customers
Ecobank Securities, Wealth and Asset Management, an arm of Ecobank Transnational incorporated, has reaffirmed the bank’s determination to help its customers create, preserve and protect their wealth for themselves and successive generation.Punch
Agency affirms stable outlook on UBA subsidiaries
Fitch Ratings has affirmed a stable outlook on the foreign currency, long-term Issuer Default Ratings of United Bank for Africa Plc’s subsidiaries in Cameroon, Ghana and Senegal.Punch
Fadama builds N42m centres to prevent loss
The Niger State Fadama Project Coordinator, Aliyu UsmanKutigi, an engineer, said the state coordination office has constructed six aggregation centres to prevent post food harvest loss for N42 million.The Nation
StarTimes’ daily subscription rises
Pay TV provider, StarTimes Nigeria says it has recorded a rise in the number of new and existing subscribers who opted for its daily or weekly subscription package tagged “pay-per-day”.The Nation
Labour pushes for anti-smuggling special task force
The National Union of Textile, Garment and Tailoring Workers of Nigeria (NUTGTWN), has called on the Federal Government to institute a special task force against smuggling.The Nation
Economic growth: ELAN urges FG to leverage N6trn leasing industry
The Federal Government has been advised by the Equipment Leasing Association of Nigeria (ELAN) to take full advantage of equipment leasing in order to achieve its developmental plans in 2018, as it prepares to pull the economy out of recession.Vanguard
The Federal Government has been advised by the Equipment Leasing Association of Nigeria (ELAN) to take full advantage of equipment leasing in order to achieve its developmental plans in 2018, as it prepares to pull the economy out of recession.Vanguard
Operators reject excise duties on made-in-Nigeria goods
The Minister of Finance, Mrs. Kemi Adeosun, has made moves to impose duty on consumer goods manufactured locally, investigation by our correspondent has revealed.Punch
Nigeria, Indonesia trade volume hits $2.5bn
The International Trade Promotion Centre Lagos said that the trade volume between Nigeria and Indonesia rose to over $2.5bn in 2016.Punch
Shareholders seek UAC water subsidiary’s liquidation
Shareholders of Warm Spring Waters Nigeria Limited, a 76 per cent subsidiary of UAC Nigeria Plc, have moved to liquidate the water arm of the company on grounds of poor corporate performance.Punch
Contributory pension: PFAs pay N501bn to retirees
Pension Fund Administrators paid out N501.4bn as lump sum to 293,869 retirees under the Contributory Pension Scheme from July 2007 to September 2017.Punch
MTN has so far paid N110bn in fine – NCC
MTN Nigeria Communications Commission has paid a total of N110bn into the coffers of the Federal Government out of the N330bn imposed on the telecommunications company by the Nigerian Communications Commission.Punch
Stanbic targets businesses with new electronic billing system
Stanbic Bank Kenya is targeting businesses including travel agents with a new electronic billing system dubbed e-Biller that can be used to process invoices and generate payment instructions. The lender said on Tuesday that the platform streamlines the process of billing, reconciliation and payment, easing the deals for companies.Business Daily Kenya
Kenyan banks’ East Africa expansion hits rough patch
Kenyan banks are not deriving value in their regional operations with subsidiaries in volatile South Sudan unlikely to stay viable due to conflict and currency woes, investment bank Renaissance Capital says.Business Daily Kenya
Investing in distressed assets risky, says Fusion Capital official
A private equity has termed investing in distressed assets risky. Distressed assets, which are put on sale usually at a cheaper price because the owner is under pressure to sell, should sometimes be avoided, says Fusion Capital executive director of real estate James Maclean in a new market report.Business Daily Kenya
Safaricom pension scheme’s Sh4.2bn project ready June
Safaricom Pension Scheme expects its Sh4.2 billion mall-cum-residential development in Athi River to open its doors in June.Business Daily Kenya
China remains Kenya’s top lender at Sh520bn
China has retained its pole position as the top source of bilateral loans to Kenya as the Asian nation splurges additional yuans to back up a diplomatic shift that began in the Kibaki administration, latest data from the Treasury shows.Business Daily Kenya
Rand comes off best level‚ as Ramaphosa officially takes charge of South Africa
The rand was off its strongest levels on Thursday afternoon‚ after Cyril Ramaphosa officially took over as head of state‚ replacing Jacob Zuma‚ who left office prematurely under controversial circumstances.Times
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
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