Morning Beats

‘CFTA ’ll grow economy by $2.9b’

The Coalition of South-South Chambers of Commerce, Industry, Mines & Agriculture has urged the Federal Government to sign the Continental Free Trade Area (CFTA) agreementThe Nation

Afreximbank plans $2b financing deal

The African Export-Import Bank (Afreximbank) is arranging up to $2 billion in financing support to Angola, its President Benedict Oramah has said. Oramah, who spoke in Luanda during an audience with President João Manuel Gonçalves Lourenço of Angola, said the amount included various trade financing facilities for essential imports.The Nation

Investors recover N672b amid bargain-hunting

Investors in Nigerian equities rode on the back of renewed bargain-hunting to recover N672 billion in net capital gains by the weekend after losing some N908 billion the previous week.The Nation

No dividends for NSIA shareholders, says Orji

Shareholders of Nigeria Sovereign Investment Authority (NSIA) will have to make do without dividends for now, its Managing Director, Uche Orji, said.The Nation

Notore Chemical gets nod to list N100.75b shares

Notore Chemical Industries Plc, an agro-allied and fertiliser company sold to private investors by the Federal Government in 2005, has received regulatory approval to list its N100.75 billion shares on the Nigerian Stock Exchange (NSE).The Nation

How commodity exchange can boost agric

Without a functional commodity exchange to protect farmers from price fluctuations and wastage, the Federal Government may have put the wrong foot forward in its ongoing economic diversification agenda anchored on the agric sector.The Nation

Flour Mills Nig Plc: Sound fundamentals clash with macroeconomic realities

LAST week some stock analysts began review of their positions on some blue chip companies and one of them reviewed was Flour Mills of Nigeria Plc.Vanguard

Budget Deficit: FG to raise N1tr from domestic debt market— FSDH Merchant Bank

THE federal government will borrow N1 trillion from the domestic market and N900 billion from the international market  to finance the N1.95 trillion budget deficit for the 2018 fiscal year.Vanguard

Cost of funds to fall as N425bn hit interbank

COST of funds in the interbank money market is expected to moderate downward this week as N425 billion inflows from maturing treasury bills boost market liquidity.Vanguard

Growth in insurance claims outstrips premium

FINANCIAL results of 20 leading insurance companies in Nigeria have indicated that rising claims experienced since last year has finally upstaged the rate of growth in premiumVanguard

Rains, major challenge to power transmission, distribution – Fashola

The Minister of Power, Works and Housing, Babatunde Fashola, has warned that the raining season will pose a major challenge to the transmission and distribution arms of the power industry.Punch

States raise domestic debt by N1.64tn in three years

The resort to borrowing by the country to finance virtually everything has become worrisome to many analysts, with the state governments increasing their exposure to the foreign and domestic debt markets at willPunch

New excise duty rates not targeted at local manufacturers – FG

The Ministry of Finance on Sunday said that the new excise duty rates approved by President Muhammadu Buhari on alcoholic beverages and tobacco were not targeted at local manufacturers.Punch