Morning Beats

Consumer goods, oil and gas sectors depress equities further

Losses recorded in key consumer goods and oil & gas ad insurance companies this week resulted in loss of some weight in the stock market.Vanguard

Crops, livestock investments, way forward

With the Nigeria’s growing population of about 160 million from the 6.5 billion  world population, indications are that more people are going to loose their paid employment. This is also increasing the pressure of unemployment in Nigeria and other developing countries of Africa.Vanguard

FAANG Stocks Swallow Up More of the Nasdaq Than Ever Before

As earnings season comes to a close, popular technology stocks are making up a bigger piece of the pie than ever before. The FAANG block of Facebook Inc., Amazon.com Inc., Apple Inc., Netflix Inc. and Google now account for over 27 percent of the NASDAQ Composite Index, a new all-time high.Bloomberg

Fed's Williams, Dudley Stress Soft Ceiling on Inflation Goal

One of the Federal Reserve’s most senior officials and his incoming successor both said that overshooting the U.S. central bank’s 2 percent inflation target for a time is nothing to worry about because the central bank has been below the goal for so long.Bloomberg

Airtel pledges nationwide coverage with 4G network

Leading digital mobile services provider, Airtel Nigeria, has pledged to provide the country with the largest 4G technology network coverage before the end of the year.Punch

Eligible customers: Ambiguity threatens manufacturers’ power plans

The quest to generate power independently by manufacturers may suffer a setback if the government does not spell out who is eligible to consume such power under the eligibility criteria, our correspondent has learnt.Punch

Financial institutions must unite against NPLs – CBN

The Central Bank of Nigeria has called on all stakeholders in the country’s financial space to unite against the rising level of non-performing loans in the system.Punch

Naira may drop on profit-taking, increased demand

The naira may ease against the United States dollar next week at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange Window due to increased demand as companies seek to repatriate dividends after the end of the earnings season, coupled with portfolio investors taking profits.Punch