Morning Beats

BudgIT hails NNPC on plan to reduce gas flaring

A civic technology organisation, BudgIT, has commended plans to end gas flaring by the Nigerian National Petroleum Corporation ( NNPC ).The Nation

FEC okays $995m, N15.45b for roads

The Federal Executive Council (FEC)  yesterday approved $995 million and N15.45 billion for two roads. Minister of Power, Works and Housing, Babatunde Fashola briefed State House correspondents at the end of the meeting presided over by President Muhammadu Buhari.The Nation

NNPC seeks dual licensing for petroleum operation

The Nigerian National Petroleum Corporation (NNPC) yesterday recommended that petroleum licences be split into two components, saying one should be for prospecting, while the other should address production under the draft Petroleum Industry Administrative Bill (PIAB), now before the National AssemblyThe Nation

FCMB gets ISO certification

First City Monument Bank (FCMB) was yesterday awarded the International Organisation for Standardisation (ISO) 9001:2015 certificate for Quality Management System.The Nation

Customs arrests 14 suspects over N1b smuggled goods

The Nigeria Customs Service (NCS) has impounded 30 exotic vehicles and other smuggled goods worth over N1billion.The Nation

Forte Oil, Chevron partner on Texaco lube brand

Forte Oil Plc, has sealed a partnership agreement with Chevron Lubricants, Europe, Middle East and Africa.The Nation

Why we jerked up 2018 budget to N9.12tr — NASS

NATIONAL Assembly, yesterday, passed the 2018 Appropriation Bill of N9.12 trillion for the 2018 fiscal year, explaining while it increased  the budget estimate by  N508 billion from the  N8.612 trillion proposed by President Muhammadu Buhari late last yearVanguard

Insurance businesses groan under rising fraud claims

The Nigerian Insurers Association, NIA, has said that fraud claims in the insurance industry is on the increase and is adversely affecting the business.Vanguard

PTAD recovers N16bn pension assets from insurance underwriters

The Pension Transitional Arrangement Directorate has so far recovered N16bn of legacy pension funds and assets from insurance underwriters.Punch

At last, National Assembly passes N9.12tn budget…lawmakers increase NASS budget to N139.5bn

The National Assembly eventually passed the 2018 budget on Wednesday, six months after President Muhammadu Buhari submitted the estimates to both chambers of the assembly.Punch

Cutix, Unilever, 13 others lift stock market

The equities market of the Nigerian Stock Exchange pared some of its recent losses on Wednesday, with the market capitalisation rising by N136bn to close at N14.848tn.Punch