Morning Beats

Stakeholders allay fears over stock market downtrend

Major operators in the capital market have allayed fears over the recent decline in share prices at the Nigerian Stock Exchange (NSE), assuring that the fundamentals of the market remain strong.The Nation

SEC okays FMDQ’s clearing house

Securities and Exchange Commission (SEC) has registered FMDQ Clear Limited, a central clearing house promoted by the FMDQ OTC Securities Exchange.The Nation

Keystone Bank sold at N41b, says AMCON

Debt recovery battle ‘not personal’ Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has said the sale of Keystone Bank to new investors at N41 billion helped to boost the corporation’s performance in the last financial year.The Nation

PenCom prepares workers for 2019 retirement

The National Pension Commission (PenCom) has begun to prepare prospective retirees, who will be retiring next year from the public service, Acting Director-General, National Pension Commission (PenCom), Mrs Aisha Dahir-Umar has said.The Nation

NSE prepares for e-IPO

The Nigerian Stock Exchange (NSE) is set to launch the electronic initial public offering (e-IPO) in the capital marketThe Nation

Railway begins petroleum products movement

The movement of petroleum products by rail would begin this week, the Lagos District Manager of the Nigerian Railway Corporation (NRC) Engr. Jerry Oche has said.The Nation

Unavailability of gas denies consumers 60,000MW of electricity in one month

Lack of gas supply to power stations has scuttled the supply of 60 megawatts, mw of electricity to consumers.Vanguard

Fashola, power firms oppose bill to criminalise estimated billing

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, and the Nigerian Electricity Regulatory Commission on Tuesday opposed the move by the House of Representatives to criminalise estimated billing by electricity distribution companies in the country.Punch

Inflation decline’ll boost investments, economic diversification – RMB

The Chief Executive Officer/Managing Director of Rand Merchant Bank Nigeria Limited, Michael Larbie, has said the steady decline in inflation rate will boost investments and the diversification of the nation’s economy.Punch

Oando, 38 others push stock market higher

The gains recorded by 39 firms, led by Oando Plc, pushed the total market value of equities listed on the Nigerian Stock Exchange higher on Tuesday.Punch

We’re discovering more gas offshore Lagos – FG

The Federal Government has said more gas resources are being discovered offshore Lagos.Punch

China prescribes own economic model for Nigeria’s development

The Chinese government has asked Nigeria to buy into some of its policies that began some 40 years ago to enable it develop sustainably.Guardian