Morning Beats

OPS, marketers fault PIGB on single regulator for oil industry

The Organised Private Sector (OPS) and oil marketers have faulted the provision of a single regulator, the Nigerian Petroleum Regulatory Commission (NPRC) in the Petroleum Industry Governance Bill (PIGB) by the National Assembly. They spoke jointly to reporters in Lagos yesterday.The Nation

Unity Bank clarifies plan for recapitalization

Says no agreement on Milost Global Unity Bank Plc yesterday clarified that it did not enter into any definitive agreement or sign any binding commitment with Milost Global Incorporation. At an interactive session at the Nigerian Stock Exchange (NSE) yesterday in Lagos,The Nation

N45b ex-Airways workers’ pension ‘awaits Senate approval’

The Minister of State for Aviation, Sen. Hadi Sirika has promised to ensure the payment of the N45billion entitlements of ex-workers of the defunct Nigeria Airways Limited (NAL).The Nation

Buhari okays N90b for economic zones

President flags off Lekki Deep Sea Port construction President Muhammadu Buhari yesterday said the Federal Government has approved N90 billion to develop Special Economic Zones (SPZs) across the country in line with administration’s economic development plans.The Nation

FMDQ admits Lapo MfB’s N3.15b bond

FCMB Capital Markets Limited has acted as financial adviser and Lead Issuing House on the successful fundraising and listing of Lapo Microfinance Bank Limited’s N3.15 billion bond on the FMDQ OTC platform.The Nation

BUA Sugar Refinery gets MANCAP’s revalidation

BUA Sugar Refinery, a subsidiary of BUA Group of Companies, on Tuesday received the revalidation of the Mandatory Conformity Assessment Programme (MANCAP) product quality certificate of the Standards Organisation of Nigeria (SON) for its refined white sugarThe Nation

Boost for farmers as NSIA prepares to take over Nigeria Commodity Exchange

Farmers are in for a good time as National Sovereign Investment Authority (NSIA) moves to revitalise the Nigeria Commodity Exchange (NCX) in Abuja.The Nation

FG will attract direct investment to aviation sector – Minister

The Minister of State, Aviation, Hadi Sirika, said on Thursday the Federal Government was committed to attract increased trade and inflow of Foreign Direct Investment (FDI) into Nigerian aviation sector.The Nation

Stock Exchange probes $1bn Unity Bank, Milost Global deal

A fresh twist in the aborted USD1 billion deal between Unity Bank Plc and Milost Global Inc of United States of America, surfaced, yesterday as the Nigerian Stock Exchange, NSE, commences investigations into the controversy.Vanguard

Naira appreciates to 360.20/$ in I&E

The Naira, yesterday, appreciated for the first this week by 80 kobo to N360.20 per dollar, in the Investors and Exporters (I&E) window of the foreign exchange market.Vanguard

FCMB facilitates LAPO MfB’s N3.15bn bond listing

FCMB Capital Markets Limited, the investment banking subsidiary of FCMB Group Plc, has acted as financial adviser and lead issuing house on the successful fund raising and listing of LAPO Microfinance Bank Limited’s N3.15 billion bond on the FMDQ OTC Securities Exchange Plc’s platform.Vanguard

Senate rejects Kaduna’s $350m loan request

The Senate has rejected the request by the Kaduna State Government to obtain a $350m loan from the World Bank.Punch

Med-View Airline eyes growth opportunities, investment in Nigeria

Nigerian carrier, Med-View Airline Plc, says it expects 2018 to be a year that will provide it with the opportunities for growth and investment, and within which it shall consolidate on past achievements.Punch

Bakers threaten strike over rising wheat cost, others

The Association of Master Bakers has decried the soaring cost of essential raw materials for the production of bread, threatening to shut down their bakeries if the Federal Government does not intervene in the matter.Punch

Nigeria records increase in export to India

The Deputy High Commissioner of India and Head of Chancery in Nigeria, Shri Subash Chand, has said his country witnessed more imports from Nigeria in 2016 and 2017.Punch

Alleged N605m fraud: EFCC charges Heritage Bank MD, Sekibo, to court

The Economic and Financial Crimes Commission has charged the Managing Director of Heritage Bank, Ifiesimama Sekibo, before the Federal High Court in Lagos for an alleged fraud of N605,321,051.05.Punch

Capital market operators seek representation on MPC board

Worried by the effect of Monetary Policy Committee (MPC) decisions on the nation’s capital market activities, operators have stressed the need for Central Bank of Nigeria (CBN) to appoint a capital market representative as one of its MPC members.Guardian

Stock market index up by 1.72% on rebound

After three-consecutive days of downward trend, equity transactions on the Nigerian Stock Exchange (NSE) closed in an upbeat yesterday, causing the All-share index to soar by 1.72 per cent.Guardian