Morning Beats

-




Ibadan DisCo to NERC: we’ve made all outstanding payments

Seeks directors suspension reversed The management of Ibadan Electricity Distribution Company (IBEDC), said it has made all outstanding payment on the N6billion loan that instigated the suspension of its directors by the Nigerian Electricity Regulatory Commission (NERC)The Nation
Dangote invests N121b on domestic sugar production
Pays N21b dividend to shareholders Dangote Sugar Refinery (DSR) Plc, a subsidiary of Dangote Industries Limited, has so far invested N121 billion on its ambitious Sugar for Nigeria Backward Integration Project Plan, which is aimed at developing domestic sugar production capacity through home-grown sugarcane.The Nation
Nigeria may lose over $561.2m, N334.2m to petrol import rebate

Nigeria is to lose    $561.2million, as well as N334.2million in  revenue due to indiscriminate approval of 50 per cent rebate approved by Federal Government on imported petrol this year, it was learnt yesterday.The Nation
SEC seeks financial inclusion for Nigerians
The Securities and Exchange Commission (SEC) yesterday said it hopes to reach 80 per cent of the population by 2020 in its financial inclusion initiative.The Nation
How FG’ll raise N9.1tn to fund 2018 budget – Udoma
The Minister of Budget and National Planning, Udo Udoma, has explained how the N9.1tn revenue to finance the 2018 budget will be raised by the Federal Government.Punch
AMCON recovers N731bn from bank debtors in seven years
The Asset Management Corporation of Nigeria recovered N731bn from bank debtors since its inception in 2010 to December 2017.Punch
Revenue from car importation drops by 20% — NPA
The Nigerian Ports Authority said on Thursday that revenue on car importation into the country dropped by 20 per cent this year, a fallout of the Federal Government’s Automobile Policy.Punch
OPEC inches towards oil output deal ahead of key meeting
OPEC energy ministers expressed optimism Thursday they were nearing a compromise on oil output policy, with Saudi Arabia acknowledging that a big production hike would be “politically unacceptable” to archfoe Iran.Punch
Investors’ wealth depreciates by N186b in three trading days
The bears continued to maintain dominance on the equities sector of the Nigerian Stock Exchange (NSE), as major highly capitalised stocks suffered price depreciation, causing investors’ wealth to dip by N186 billion in three trading days.Guardian

Comments

Post a Comment

Popular posts from this blog

Nigerian Stock Exchange This Week

-
Image
The Market returned to its five days trading after the sallah break of last week. It wasn't a great week for the Market even as it climax the end of trading for the month of August.  The Market opened on a negative notes on Monday, however, made a bold return on Tuesday but to frizzle out for the rest of the week with a three days consecutive losses.  The All Share index lost in what seems to be the bear dominated week. The index was down  1.63% to close the week at 34,848.45. This brought the year to date return of the ASI to (8.88%) on the negative side of the number line. The bull had a larger share of the Market though, with a breadth of 3 in favour of the Bulls. However this is little to little to reflect on the overall Market as highly capitalized stocks shed weight.  EQUITY A total turnover of 1.533 billion shares worth N23.026 billion in 17,009 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 968.947 million shares
Read more