Morning Beats

Fed Govt rakes in N30b from VAIDS

The Federal Government has raked in nearly N30 billion through the Voluntary Assets and Income Declaration Scheme (VAIDS), the Chairman, Federal inland Revenue Service (FIRS) Mr. Tunde Fowler, said yesterday.The Nation

No fuel price hike, says NNPC

There won’t be increase in fuel price, despite the rise in the landing cost of imported fuel, Nigerian National Petroleum Corporation (NNPC) Public Affairs Group General Manager, Ndu Ughamadu, has said.The Nation

Protest over NPA policy traps 3,000 containers in Apapa port

No fewer that 3,000 containers are trapped inside the Lagos Port Complex Apapa as a result of the lockdown created by a new policy introduced by the Nigerian Ports Authority (NPA) on the return of containers to the port, a port official said yesterday.The Nation

Global economy to expand by 3.1%, says World Bank

Global economic growth will remain robust at 3.1 per cent this year before slowing gradually over the next two years, the World Bank Group has said.The Nation

DisCos need N299b to bridge metering gap

The electricity Distribution Companies (DisCos) yesterday said they require  about N299 billion  to bridge the 4.1 million metering gap.The Nation

Reps: PIB’ll be passed fully next month

The House of Representatives has assured that the remaining three parts of the Petroleum Industry Bill (PIB) would be passed next month.The Nation

NSE seeks increased partnership with Dangote Cement

The management of the Nigerian Stock Exchange has called for increased partnership between it and Dangote Cement Plc.Punch

NNPC to invest $2.5bn in LPG plants

The Nigerian National Petroleum Corporation has revealed plans to invest $2.5bn in revamping Liquefied Petroleum Gas plants in the country.Punch

Stockbrokers allay investors’ fears, market cap gains N210bn

Against the backdrop of the recent downturn in the nation’s stock market, the Chartered Institute of Stockbrokers and the Association of Stockbroking Houses of Nigeria have assured investors of the safety of their investments.Punch

Naira weakens against dollar at parallel market

The naira on Wednesday depreciated by one point, exchanging at 361.5 to the dollar at the parallel market in Lagos, the News Agency of Nigeria reported.Punch

Power sector loses N201.3bn in six months –Report

The daily financial losses in Nigeria’s power sector since the beginning of this year have risen to N201.3bn, findings from the Office of the Vice President showed on Wednesday.Punch

Nigeria’s trade grew to N7.2tn in Q1 – NBS

The country recorded an increase of N1.18tn in merchandise trade in the first quarter of this year to N7.21tn from N6.02tn in the fourth quarter of last year.Punch

Court convicts First Bank, chairman, MD of contempt

The Federal High Court in Lagos on Wednesday convicted First Bank of Nigeria Limited; its chairman, Mrs. Ibukun Awosika; and managing director, Dr. Adesola Adeduntan, of contempt of court.Punch

Nigeria’s gas sector holds $51 billion investment opportunity

About $51 billion worth of investment opportunities currently exists in Nigeria’s gas sector.This investment could be spread to Free Trade Zones (FTZ), central gas processingGuardian