Morning Beats

Alleged N104.8m fraud: Gwarzo heads for Industrial Court

Barely a day to his arraignment before the High Court of Federal Capital Territory (FCT), the suspended  Director-General, Securities and Exchange Commission (SEC), Dr. Mounir Gwarzo,The Nation

CBN okays N357/$1 rate for BDCs

The Central Bank of Nigeria (CBN) yesterday reviewed upwards the trading margin for Bureau De Change (BDC) operators to N357/$1 (buying) and sell at N360/$1 (selling).The Nation

‘Nigeria lost over $649m to cyber crooks last year’

Nigeria lost over $649million last year to cyber criminals, the 2017 Nigeria Cyber Security Report released yesterday has shown.The Nation

Why 2018 Budget is yet to be assented – Udoma

President Muhammadu Buhari's decision to carry out a thorough review of the 2018 budget has led to the delay in signing the Appropriation Bill, recently passed by the National Assembly.The Nation

External reserves fall by $177m in 2 weeks

THE appreciation recorded by the naira in the various segments of the foreign exchange market last week is expected to persist this week, even as the external reserves continued on a downward trend, falling by $177 million in two weeks, due to increased dollar sales by the Central Bank of Nigeria, CBN, in its effort to stem the depreciation of the naira.Vanguard

Stock market bleeds on political uncertainties

CONCERNS over the upcoming 2019 general election as well as the cautious stand adopted by Foreign Portfolio Investors, FPIs, and other domestic portfolio managers over the unfolding political events in the country have resulted in a huge loss of N2.35 trillion to equity investors in the last four months.Vanguard

FoI: NNPC refuses to give fuel import details to Falana

The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, has said that the oil firm cannot provide the information being sought by a human rights lawyer, Femi Falana (SAN), on fuel importation and sundry matters.Punch

We spent N2.75tn on power, roads in two years – Buhari

president Muhammadu Buhari said on Monday that his administration had spent $9bn (N2.745tn at the official exchange rate of N305 to $1) on power, roads and railways in the country in the last two years.Punch

FG has no money to complete Ajaokuta steel – Minister

Members of the House of Representatives and the Minister of State for Solid Minerals Development, Mr. Abubakar Bwari, disagreed on Monday over the fate of the Ajaokuta Steel Company Limited.Punch

Stock market records first gain in 12 days

The nation’s stock market closed on a positive note at the end of trading on Monday after declining for 11 straight days.Punch

FG offers investors fresh savings bonds

The Federal Government, on Monday, offered a two-year and three-year savings bonds for subscription.Punch