Morning Beats

Move FIIRO to next level, DG tells new Board

The dream of Federal Institute for Industrial Research Oshodi (FIIRO) to drive industrial and economic growth in the country received a boost recently in Lagos as the new Governing Board of Directors led by Ibrahim Gwarzo promises maximum support to grow the institution.The Nation

Nigeria’s debt level under control – Adeosun tells IMF

In spite of the warning by the International Monetary Fund (IMF) that debt levels in African economies were rising, Minister of Finance, Mrs Kemi Adeosun on Friday said Nigeria’s debt level was still sustainable and under control.The Nation

Global Crude Oil outlook

Oil prices rose Thursday to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, with reports that, top exporter, Saudi Arabia is seeking to push oil prices higher.Vanguard

Trump’s Oil Rant Misses New Reality: High Prices Can Help, Too

President Donald Trump may have a problem with oil prices being “very high,” but a decline would be a mixed bag for the U.S. economy, thanks to the boom in American energy production.Bloomberg

Britain to ban sale of plastic straws, urges commonwealth action

Britain plans to ban the sale of plastic straws and other single use productsBusiness Daily

State sets out to weed out illegal foreign workers

The government has launched an operation to weed out foreigners who are working in the country illegally.Business Daily

‘Pattern of transactions’ led to overstating profit and asset values, Steinhoff says

Steinhoff International says a probe into its accounts has found that a "pattern of transactions" over several years led to an overstatement in both profit and asset values.Business Day

MTN to pick more banks to work on planned Nigerian IPO

MTN Group Ltd. has appointed more banks for the sale of shares in its Nigerian unit on the stock exchange in Lagos as it looks to start an initial public offering in June or July, according to people familiar with the matter.Guardian