Morning Beats

N177bn inflow to moderate cost of funds in interbank

COST of funds is expected to moderate downward this week, in response to inflow of N177 billion from matured Treasury Bills (TBs).Vanguard

Buhari’s order to MDAs is too late

Lateness in getting the budget passed each year has contributed to our deepening povertyVanguard

Task ahead of 9mobile’s new owners

After a long process, Teleology Holdings Limited has emerged the preferred bidder for 9mobile. It has since paid the non-refundable completion deposit of $50 million for the transaction. This is a major development in the quest to sell the telco. But, it is not over yet for Teleology.The Nation

Play Tv eyes 90% local channels

Direct to Home (DTH) broadcasting system that offers services to its subscribers through highly entertaining and informative channels, Play Tv has said its focus is to make 90 per cent of its channels totally indigenous to support the creative sector of the economy.The Nation

Regulatory pangs stifle $251b 5G market

Uncertain regulatory environments are stifling the growth of 5G networks in Middle East and Africa (MEA) region.The Nation

TSA accruals now N8.9tr, says Adeosun

The Treasury Single Account (TSA) has yielded over N8.9 trillion revenue, the Minister of Finance, Mrs. Kemi Adeosun, said yesterday.The Nation

SEC mulls stiffer sanction for fund diversion

Nigeria’s apex capital market regulator-Securities and Exchange Commission (SEC) yesterday indicated that it has started the process of amending its rules and regulations to impose additional monetary sanctions on companies and governments that divert or misapply funds raised from the capital market.The Nation

Buhari inaugurates Food Security Council

President Muhammadu Buhari yesterday inaugurated the Food Security Council at the Presidential Villa, Abuja.The Nation

Caverton Helicopters unveils new fleet

Caverton Helicopters Limited has unveiled a fleet of 11 brand new helicopters to be used for the Nigerian National Petroleum Corporation (NNPC)/Chevron Nigeria Limited Joint Venture based in EscravosThe Nation

Milost cancels $1bn equity deal with Unity Bank

Milost Global Inc., a New York based private equity firm, on Monday terminated $1 billion equity and debt deal designed to grant it 60 per cent stake in Unity Bank Plc.The Nation

TSA: FG renegotiates fees with service providers

The Federal Government has commenced negotiations with all service providers on the Treasury Single Account in a bid to reduce the cost of running the policy.Punch

We’re ready to pay meter service charge – Customers

Power consumers on Monday expressed their readiness to pay the prescribed meter service charge contained in the recently unveiled 2018 Meter Asset Provider Regulations by the Nigerian Electricity Regulatory Commission.Punch

National Assembly begins public hearing on 2018 budget today

The National Assembly will today (Tuesday) and Wednesday hold a public hearing on the 2018 Appropriation Bill.Punch

Technology’ll raise consumption tax revenue by 400% –LIRS chairman

The Chairman of the Lagos State Internal Revenue Service, Mr. Ayodele Subair, says the newly introduced Electronic Revenue Assurance system is expected to increase the state’s consumption tax revenue by 400 per cent.Punch

FG targets N5bn from measurement equipment licensing fees

The Federal Government is planning to generate the sum of N5bn in the 2018 fiscal period from statutory fees on weights and measurement equipment.Punch

Govt to empower 10,000 rice, cassava farmers with N2.5bn

The Federal Government has entered into an agreement with the United Nations Development Programme to commit a total of $8.06m (N2.45bn) to boost agricultural output along the rice and cassava value chain.Punch

NSE starts week in loss, 17 stocks slide

The Nigerian Stock Exchange started the week in a loss as 17 stocks recorded depreciation of various degrees.Punch

European bank to finance solar power in Nigeria, others

The European Investment Bank on Monday announced the signing of $25m financing deal aimed at developing off-grid solar systems in Nigeria, Kenya, Ethiopia and Uganda.Punch