Morning Beats

PENGASSAN calls for speedy passage of bills

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the National Assembly to expedite action on the Petroleum Industry AdministrationThe Nation

NSITF to enforce workers compensation policy

The Nigeria Social Insurance Trust Fund (NSITF) is to embark on aggressive enforcement of the Employees Compensation Scheme (ECS).The Nation

Processing firms battle tomato shortage

Acute shortage of tomatoes across the country linked to the low production rate of the crop has become a serious concern to processing companies.The Nation

Nigeria’s pension assets rise to N7.779tr

Nigeria’s net pension assets value of the contributory pension fund has hit N7.779 trillion as at February 28, 2018.The Nation

NERC to increase electricity tariff

Nigeria Electricity Regulatory Commission (NERC) Chairman Prof. James Momoh yesterday vowed to review the prevailing electricity tariff.The Nation

Ease of Doing Business: No respite yet for real sector

The real sector is facing a lot of challenges.To address these challenges, the Federal Government last year issued an Executive Order to facilitate the ease of doing business, promote transparency and efficiency, among others.The Nation

Nigeria eyes global cashew market top

The National Cashew Association of Nigeria, Mr. Tola Faseru has said efforts are being made to achieve a national production of 242,000 metric tonnes (mt) this year, 10 per cent higher than last year’sThe Nation

CBN boosts forex market with $210m

The Central Bank of Nigeria (CBN) yesterday injected  $210 million into the inter-bank foreign exchange market in continuation of its efforts to sustain liquidity in the market.The Nation

TSA: FG recovers N1.6b illegal bank charges from commercial bank – Adeosun

N1.6b illegal bank charges has been recovered  from one of the many branches of one money deposit bank, Minister of Finance,  Kemi Adeosun told the House of Representatives on Thursday.The Nation

Nigeria, China seal $2.4bn currency-swap deal

Nigeria and China have signed a currency-swap agreement worth $2.4 billion to boost commercial ties and reduce the need to use dollar in their bilateral trade.Vanguard

Consumer goods, oil and gas stocks depress equities index

Losses recorded today in consumer goods and oil and gas stocks, including International Breweries Plc, Dangote Sugar Refinery Plc, Dangote Flour Mills Plc, Eterna and Oando Plc among others pulled the Nigerian stock Exchange, NSE, all Share Index, ASI, down by 0.48 percent.Vanguard

Drop in power reception caused Lagos substation fire, says TCN

A very serious drop in the quantum of electricity taken by power distribution companies in Lagos and the harsh weather condition on Thursday led to the explosion of a power transformer and the resultant fire incident at the Alagbon substationPunch

Pencom begins multi-fund structure for pension assets July 1

The National Pension Commission on Thursday said the implementation of the multi-fund investment structure for all active contributors under the Contributory Pension Scheme would commence on July 1 this year.Punch

Consortium set to begin work on old rail line

An international consortium has signed an agreement to proceed with the interim phase of the Nigerian narrow-gauge railway concession.Punch

Goldman Gives Three Reasons Why Investors Should Worry Less

Investors should just relax, according to Goldman Sachs Group Inc.Bloomberg