Morning Beats

Fed Govt okays N37b cash for prepaid meters

The Federal Government has taken advantage of the new Meter Asset Provider (MAP) regulations to give a grant of N37 billion to a private sector operator to supply meters to interested Distribution Companies (DisCos).The Nation

CBN okays operations of 4,106 BDCs, 76 Finance Houses

The Central Bank of Nigeria (CBN) yesterday confirmed operations of 4,106 bureaux de change (BDCs) and 76 finance houses.The Nation

Equities reopen with N63b gain

The Nigerian equities market reopened yesterday with a strong rally as bargain-hunters shifted demand to financial services and fast moving consumer goods stocks.The Nation

Airlines plan fare hike as fuel price rises

Domestic carriers, under the aegis of the Airline Operators of Nigeria (AON), are planning to increase fares due to soaring aviation fuel price.The Nation

Ghana, others to import fuel from Dangote’s refinery

Ahead of the completion of the Dangote Oil Refinery, petroleum importing African nations and bulk oil distributors based in Ghana have expressed eagerness to patronise the Nigerian plant when production starts.Punch

PenCom assures civil servant of prompt pension payment

The National Pension Commission on Monday assured civil servants of prompt payment of their pensions once they retire from active service.Punch

NCC moves to resolve N165bn interconnectivity debt

The Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar Danbatta, said that he was seeking ways to resolve interconnectivity debts, which stands at N165bn.Punch

Nigeria, Morocco sign agreements on gas pipeline, others

The Federal Government and the Kingdom of Morocco on Monday in Rabat, signed three agreements as part of activities marking President Muhammadu Buhari’s two-day visit to the country.Punch

Banks shying away from credit to private sector – FDC

There is a growing level of risk aversion by the Nigerian banks towards lending to the private sector, analysts at the Financial Derivatives Company Limited have said.Punch

Shut Nembe trunk line threatens crude oil export

The Nembe Creek Trunk Line, one of the two lines that carry the Bonny Light crude oil for export, has been closed for repairs.Punch

Investments in syringe factory to boost Nigeria’s economy by 50%

Investments in the syringe industry may soon boost the nation’s economy by about 50 per cent, if the Federal Government implements the medical devices industry policy meant to enhance the sector.Guardian