Morning Beats

Mutual funds’ net assets hit N551.7b

The net value of all registered mutual funds in Nigeria has risen to N551.7 billion, according to latest data provided by the Securities and Exchange Commission (SEC).The Nation

CPS: Retirees in 25 non-compliant states face uphill task

Retired civil servants  in some states will find it difficult to receive their pension benefits as their state governments  are yet to implement the Contributory Pension Scheme (CPS), almost 14 years after its establishment.The Nation

NBS: Nigeria’s inflation dips to 12.48%

Fed Govt to auction N70b bonds The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation for April, decreased to 12.48 per cent (year-on-year) from 13.38 per cent recorded in MarchThe Nation

Capital market mulls electronic IPO, public offers

Stakeholders in the Nigerian capital market have begun preparatory process towards  full automation of initial public offering (IPO) and other public primary offers in the Nigerian market.The Nation

Regulators renew commitment to investors’ protection

Capital market regulators across the world rounded off their annual conference in Budapest, Hungary with a renewed commitment to protecting investors and ensuring fair and transparent markets amid concerns over the growing influence of digital coins and financial technologies (fintech).The Nation

BPE: over 60% of privatised firms performing

Over 60 per cent of privatised enterprises have done well, the Bureau for Public Enterprises (BPE),  has said. Its Director-General, Alex Okoh, singled out power companies and the seaports as top performers despite the country’s infrastructural gap.The Nation

National Assembly raises 2018 budget by N508bn …may pass N9.12tn budget today

The National Assembly has raised the 2018 budget by over N508bn, bringing it to N9.12tn.Punch

Govt targets 1,200MW from nuclear power plant by 2020

Nigeria’s first nuclear power plant, with the capacity to generate about 1,200 megawatts of electricity, will be ready for commercial purposes by mid-2020, the Nigeria Atomic Energy Commission has said.Punch

TSA: Reps ask Stanbic IBTC to produce approval to keep $4.9m

An ad hoc committee of the House of Representatives has asked Stanbic IBTC Bank to produce evidence of the presidential approval that allowed it to keep $4.9m outside the Treasury Single Account of the Federal Government.Punch

ERGP: FG secures $22.5bn investments in 164 projects

The Federal Government on Tuesday said it had secured a total investment commitment of $22.5bn from the private sector through the Economic Recovery and Growth Plan Focus Labs.Punch

CBN injects $210m into interbank forex market

The Central Bank of Nigeria on Tuesday said it injected the sum of $210m into the interbank foreign exchange market to boost liquidity in the system.Punch

Stock market ends lower as 26 firms lose

The nation’s stock market finished lower at the end of trading on Tuesday, with the market capitalisation of listed equities falling by N23bn.Punch

FG to auction N70bn bonds May 23

The Federal Government has offered for
 subscription by auction N70 billion worth of bonds in its May 23 auction, the Debt Management Office saidPunch

New gas, oil policy to improve business environment, investors’ activities, says Kachikwu

Following the approval of a new gas and oil policy, the Federal Government is working to improve business environment, leading to increased investor activity and energy supply, thus improving prices of goods and services.Guardian

Equity ranked best bank in Kenya

Equity Bank #tricker:EQTY has been voted the best lender after it shrug off effects of the legal cap on lending rates to beat rivals in the profit growth race.Business Daily