Morning Beats

Awolowo: Nigeria can generate N5tr yearly from mining

The Nigerian Export Promotion Council (NEC) yesterday said the country is capable of generating  N5 trillion yearly from mining and solid mineral exportation.The Nation

JP Morgan: Oil prices won’t go higher than $70

Oil prices at $70 may be the top of the range in the price of oil that would be seen over the next few years, chief global strategist at JPMorgan Asset Management,The Nation

UBA, Access Bank, 2 others scale up to NSE’s premium board

United Bank for Africa (UBA) Plc, Access Bank Plc, Lafarge Africa Plc and Seplat Petroleum Development Company Plc were yesterday scaled up from the main board of the Nigerian Stock Exchange (NSE) to the elite premium board.The Nation

New cyber espionage campaign targets Africa

Kaspersky Lab has uncovered a new cyberespionage campaign that is targeting high-profile organisations from around the world with a focus on the Middle East and North Africa.The Nation

MD: NPA to complete deep seaports

THE Nigerian Ports Authority (NPA) has assured stakeholders of its readiness to complete deep seaport projects across the country.The Nation

NIBSS: Nigeria’s payment system most secured

Nigeria's payment system is the best in the world in terms of security, provider of shared platforms for financial transactions in the country, the Nigeria Interbank Settlement System (NIBSS) has said.The Nation

Customs realises over N157b in 3 months

The Nigeria Customs Service (NCS) raked in over N157 billion in three months at Lagos ports, it was learnt.The Nation

Mobile will boost Nigeria’s, others’ economies by $51b

OVER the next five years, the mobile industry will boost the economies of Nigeria and  other West African  countries with $51 billion,The Nation

NCC: Firms without technical competence’ll not buy 9mobile

The Nigeria Communications Commission (NCC) yesterday in Lagos assured stakeholders that it will not approve the sale of 9mobile to any bidder without technical competence.The Nation

PTDF modifies overseas scholarship scheme, suspends tests for applicants

Petroleum Technology Development Fund, PTDF, has announced a modification of its overseas scholarship scheme, stating that it has suspended the conduct of aptitude tests for applicants in the programme.Vanguard

Shippers Council moves to stop payment of container deposit fee

THE Nigerian Shippers’ Council, NSC, yesterday commenced moves to stop the payment of container deposit fee by importers, which are usually not  refunded by shipping companies.Vanguard

Naira depreciates to N360.09/$, I&E turnover surges by 333%

The Naira commenced the week with a 23 kobo appreciation to N360.09 per dollar, as the Investors and Exporters (I&E) window recorded a 332 percent increase in turnover.Vanguard

Credit to private sector rises by N633bn in February

Credit to private sector  rose by N633  billion to N22.6 trillion  in February, surpassing credit to the government which rose by N161 billion  to N4.29 trillion during the month.Vanguard

AfDB to fund private health care in Lagos with $20m

The African Development Bank says its board has approved the support of private health care system in Lagos, Nigeria with a loan of $20m.Punch

FG probes alleged contract inflation, asset diversion in 28 MDAs

The Federal Government is currently investigating 28 of its Ministries, Departments and Agencies over allegations of contract inflation and conversion of government assets to personal use.Punch

Power grid collapses twice in five days

After ensuring system stability for more than two months, the country’s power grid collapsed twice in the past five days.Punch

ICAN opposes bill seeking to establish parallel bodies

The foremost accountancy body in Nigeria, the Institute of Chartered Accountants of Nigeria, has condemned in strong terms the proposed bill seeking to establish the Chartered Institute of Forensic Accountants of Nigeria and Chartered Institute of Forensic and Investigative Auditors in Nigeria.Punch

Operators give reasons for discrepancies in pension stipends

Operators of the Contributory Pension Scheme have identified the percentage of lump sum taken by retirees as one of the reasons why some retirees could not benefit from the recent increase in pension payment.Punch

Emerging Markets Have Had a Good Run. But Things May Get Bumpier

Emerging markets have weathered this year’s market volatility just fine so far. But some investors are using this as an opportunity to get a lot more selective, with challenges looming from trade tensions to the winding down of central-bank stimulus.Bloomberg

Jumia sinks into Sh14 billion loss

E-commerce company Jumia has sunk deeper in the red, posting a Sh14.9 billion loss before tax and other costs in the year ended December compared to Sh11.3 billion a year earlier.Business Daily

Be patient for success, Nigeria tycoon urges local businesses

Nigerian billionaire Tony Elumelu has asked Kenyan entrepreneurs to practise patience in their entrepreneurial journey to reap its full benefits.Business Daily