Morning Beats

NOTAP saves N200b in 10 years

The local vendor policy initiated by the National Office for Technology Acquisition and Promotion (NOTAP) has promoted the development of indigenous software,The Nation

10 firms miss NSE’s deadline for filing audited reports

First Bank Nigeria Holdings, Union Bank and Diamond Bank are part of the 10 companies that could not meet the March 31 deadline given by the Nigerian Stock Exchange (NSE) for filing audited financial reports.The Nation

Nestoil to offload Neconde’s OML 42 asset to settle debt

The management of Nestoil, the oil service arm of the  Obijackson Group, is to offload part of its shares in oil mining lease (OML) 42 in the Western Niger Delta,  to pay its debts to banks. The field is operated by Neconde Energy Limited.The Nation

Pension fund hits N7.51trn

Nigeria’s pension fund assets has grown to N7.51 trillion as at 31 December, 2017, a report by the National Pension Commission (PenCom), has shown.The Nation

Fertiliser production hits 2.22m metric tonnes

The Federal Government’s investment in promoting local farming, particularly  making affordable fertiliser available to farmers, may have paid off as production of made-in-Nigeria fertiliser may have hit 2.22 million metric tonnes.The Nation

Workers reject plan to reinstate SEC boss

Organised labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has faulted the Federal Government’s alleged plan to reinstate the Securities and Exchange Commission (SEC) Director-General (DG), Mr. Mounir Gwarzo.The Nation

Finance companies seek CBN’s support on cheap funds

Finance Houses Association of Nigeria (FHAN) has called on the Central Bank of Nigeria (CBN) to facilitate access to cheap funds for finance companies.Vanguard

Naira depreciates to 360.45/$, I&E turnover surges by 236%

The naira yesterday depreciated by 30 kobo to N360.45 per dollar, in the Investors and Exporters (I&E) window, even as the window recorded 236 percent upsurge in its turnover.Vanguard

Insurance companies lead NSE N46bn rebound

Activities on the Nigerian Stock Exchange, NSE, took a positive turn at the close of trading today following significant activities on the shares of 21 companies.Vanguard

Fuel price: Under-recovery on petrol rises to N1.4trn – Kachikwu

Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, yesterday, stated that the country is currently recording an under-recovery of N1.4 trillion per annum on Premium Motor Spirit, PMS, also known as petrol.Vanguard

5% fuel levy: ‘Nigerians won’t accept another price hike’

Any increase in the price of Premium Motor Spirt as a result of the five per cent levy on the product as stipulated in the Petroleum Industry Governance Bill that was recently passed by the National Assembly will not be welcomed by Nigerians, oil marketers have saidPunch

Maize farmers to get N500m IITA incentive

The International Institute for Tropical Agriculture has said that maize farmers who use Aflasafe system in the production of the crop this year will benefit from an incentive package worth N500m.Punch

Nigerian banks to benefit from AfDB’s $50m trade risk guarantees

The African Development Bank on Thursday said it had approved a $50m Risk Participation Agreement for Commerzbank AG to address the continent’s trade finance market demand.Punch