Morning Beats


Banks unwilling to give industrialists loans – MAN
The Chairman, Manufacturers Association, Kwara and Kogi states branch, Alhaji Kamorudeen Yusuf, has said that many banks in the country have not demonstrated enough commitment to financing industrialisation.Punch

PENGASSAN proffers solutions to lingering fuel scarcity
The Petroleum and Natural Gas Senior Staff Association of Nigeria has called for the rehabilitation of the refineries, depots and other oil and gas facilities as the solutions to the current fuel scarcity in the country.Punch

NCC board meets on 9mobile sale
The Board of Commissioners of the Nigerian Communications Commission has met on the ongoing process to sell 9mobile formerly known as Etisalat to new investors.Punch

Chinese billionaire, Li Shufu, buys biggest single stake in Daimler
Chinese billionaire Li Shufu has bought a near 10-percent stake in Mercedes-Benz maker Daimler, making him the German group’s largest single shareholder, a stock market filing showed Friday.Punch

Africa unites for Oil
The Nigerian National Petroleum Corporation (NNPC) has called for more concerted African collaboration not only in terms of oil and gas but in other key sectors to frog leap the economies in the continent.Vanguard

Conoil, Courteville lead N25bn equities decline
Heavy sell-off on the shares of 23 companies led by Conoil Plc, Courteville Business Solution, CBS, Plc among others, this week resulted in loss of N25 billion in investors wealth in the stock exchange.Vanguard

Uchumi exits Sarit Centre after three decades
Uchumi Supermarkets  will on Sunday close its prime Sarit Centre branch as part of its cost management and turnaround strategy that has seen its store count drop to 16.Business day Kenya

Anbang Clampdown Deepens Chill for China-to-U.S. Deals
Good luck getting a China-to-U.S. takeover done these days.Bloomberg

There's Still No Good Way to Let a Big Bank Fail
Once upon a time, President Donald Trump vowed to “do a very major haircut” on the Dodd-Frank Act. After a lengthy review, his officials have apparently concluded that the 2010 law’s approach to the failures of large banks was about right. In some ways, this reversal is a pity.Bloomberg

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