Morning Beats

Fowler seeks autonomy for state tax agencies

THE Chairman, Joint Tax Board (JTB), Mr. Tunde Fowler, yesterday, advised state governors to empower State Internal Revenue Services (SIRS) by making them autonomous.The Nation

NCC warns telcos against sharp practices

The Nigerian Communications Commission (NCC) has warned telcos against practices that inflict pains on their subscribers.The Nation

Publish vehicles charges, importers urge Customs

How much does it cost to clear a vehicle at the ports? This is the question terminal operators, importers and Nigerians in Diaspora are demanding an answer to from the Nigeria Customs Service (NCS).The Nation

NPA MD seeks infrastructure development

Nigeria can become a hub of maritime operations in West and Central Africa by developing port infrastructure and facilities, Nigerian Ports Authority (NPA) Managing Director, Ms Hadiza Bala Usman has said.The Nation

Govt’s funding pushes transmission capacity to 10,000Mw

Following the investments of the Federal Government in the expansion of electricity transmission, the nation’s transmission capacity would hit 10,000Megawatts (Mw) upon commission of ongoing projects.The Nation

Nigeria’s foreign reserves hit $47.4b

Nigeria’s foreign exchange reserves rose 2.9 per cent from a month ago to a five year high of $47.36 billion as of April 25, Central Bank of Nigeria (CBN) data showed yesterday.The Nation

SEC sets up panel to probe companies’ delisting

The Securities and Exchange Commission has set up a committee to find out the reason behind the delisting of some firms listed on the Nigerian Stock Exchange.Punch

National Assembly may pass 2018 budget on Thursday

Barring last minute changes, the National Assembly would receive the report on the 2018 budget from its joint Committee on Appropriation tomorrow (Wednesday), The PUNCH learnt on Monday.Punch

Oil price rises above $75 per barrel

International oil benchmark, Brent crude, on Monday hit $75 per barrel and rose further amid growing geopolitical tensions in the world.Punch

Betaglas, Julius Berger others lead stock market’s N8 billion gain

Equity transactions on the trading floor of the Nigerian Stock Exchange (NSE) sustained a rising profile, following price gains by some blue chip stocks especially Betaglas and JuliusGuardian

I&E Window’s silver bullet for foreign exchange crisis

Precisely, April 21, 2018 marked the first anniversary of the launch of the Investors and Exporters’ (I&E) FX window, one of the globally acclaimed innovative approach to tame the country’s foreign exchange crisis by the Central Bank of Nigeria (CBN)Guardian

Eight states attract $17.9b to 32 projects in Q1

The Nigerian Investment Promotion Council (NIPC) has stated that the nation attracted not less than $17.88 billion in investments to 32 projects across eight states in the first quarter of 2018.Guardian

Employers warn of job losses with minimum wage increase

Kenyan employers on Monday warned against another Labour Day minimum wage increase, arguing that such a move will hurt an economy that is just beginning to recover from last year’s battering.Business Daily

Societe Generale Says Emerging Markets Can Survive U.S. Downturn

Money managers should think twice before letting a bumpy month of losses scare them away from emerging markets.Bloomberg

Why Traders Love Volatility Except When It Bites Back: QuickTake

Mom and pop investors fear it. Traders by and large love it, and normally miss it when it’s gone.Bloomberg

Trade surplus in March, after February’s figures revised to reflect deficit

But imports for the year to date of R287.40bn are 9.1% higher than those recorded in the first quarter of 2017Business Day