Morning Beats

Total retains N5.77b dividend payout despite 46% drop in profit

Total Nigeria PLC Board of Directors has recommended payment of final dividend of N4.75 billion to shareholders, bringing the total dividend payout for the 2017 business year to N5.77 billion. The company also paid N5.77 billion as cash dividend the previous year.The Nation

PenCom: No fund to pay 2017 pension

The Federal Government is yet to release money for payment of pension benefits to its former workers who retired from March 2017, the National Pension Commission (PenCom) has said.The Nation

Diversification will bring more benefits, says Guinness MD

The ongoing efforts to diversify the economy from dependence on crude oil will enhance national development and create more opportunities for Nigerians, Guinness Nigeria Plc Managing Director, Mr Peter Ndegwa, has said.The Nation

Afreximbank gets two directors

The African Export-Import Bank (Afreximbank) has appointed two senior managers as directorsThe Nation

Banks to raise Tier-1 capital over new divided rule

Deposit Money Banks (DMBs) are expected to raise Tier-1 capital in compliance with the Central Bank of Nigeria’s (CBN’s) new dividend payout policy, The Nation has learnt.The Nation

Fed Govt to expose tax evaders

Chairman of the Federal In-land Revenue Service (FIRS), Tunde Fowler, has urged members of the Institute of Directors (IoD) to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) as tax evasion will no longer be allowed.The Nation

China Devt Bank, UBA sign $100m loan for SMEs in Africa

United Bank for Africa (UBA) and China Development Bank (CDB), the world’s largest development finance institution, has announced the signing of a $100 million seven-year loan agreement to finance the development of small and medium enterprises (SMEs) in Africa.The Nation

CBN begins disbursement of small naira notes to traders

The Central Bank of Nigeria (CBN) has commenced the disbursement of smaller naira denomination notes to traders across the country to improve circulation of N5, N10, N20, and N50 notes in the markets.The Nation

Kogi, NNPC sign MoU on fuel ethanol plant

The Kogi State Government, Tuesday, signed a Memorandum of Understanding, MoU, with the Nigerian National Petroleum Corporation, NNPC, for the setting up of an ethanol biofuel plant and refinery in Kogi state.Vanguard

NSE: Investors dump Africa Prudential shares despite 68% profit growth
Investors in the Nigerian Stock Exchange, NSE, today dumped the shares of Africa Prudential, Plc despite an impressive full year financial result for period ended December 31, 2017.Vanguard

Economy sustains recovery, grows by 0.8% in 2017
The National Bureau of Statistics, NBS, has disclosed that the economy grew by 0.83 percent in 2017, indicating an increase of 2.42 percentage point from 1.56 percent contraction recorded in 2016.Vanguard