Morning Beats

Reps probe N100b ‘under-remittance’ by NNPC

The House of Representatives has launched an investigation into the earnings of the Nigerian National Petroleum Corporation (NNPC) from since the begining of this year.The Nation

Equities lose N82b as selloff worsens

There were more than two losing stocks for every gaining stock yesterday at the Nigerian Stock Exchange (NSE) as investors opened up their offers to lower prices to attract buyers.The Nation

Why lower naira notes are scarce, by CBN

The Central Bank of Nigeria (CBN) yesterday blamed the scarcity of lower naira denominations on hoarding and sale by unscrupulous people.The Nation

Fed Govt unpaid ex-employees can’t access 25% pension               

Federal Government employees under the Contributory Pension Fund (CPS), who lost their jobs before 50, have not been able to access 25 per cent of their pension benefits,The Nation

Exchange Traded Funds gain N1.34b in one year

Exchange Traded Funds (ETFs) listed on the Nigerian Stock Exchange (NSE) recorded average gain of 20.2 per cent, equivalent to net capital gain of more than N1.3 billion in the past one year.The Nation

Naira appreciates to N361.91/$

The Naira, yesterday, appreciated slightly by nine kobo to N361.91 per dollar in the Investors and Exporters (I&E) window due to 30 percent increase in the volume of dollars traded.Vanguard

Debt: FG may cut power supply to Benin, Niger, Togo

President Muhammadu Buhari has joined operators in the power sector to call on international customers who receive electricity from Nigeria to either pay their bills or be disconnectePunch

Portfolio investors’ exit worries MPC members

Members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed worry over the exit of foreign portfolio investors from the country on the back of the rise in interest rates in the United States.Punch

FG hasn’t paid N9bn counterpart funding for Abuja light rail – Contractor

The China Civil Engineering Construction Corporation has stated that the Federal Government has not provided its N9 billion counterpart funding for the Abuja light rail project, which will be inaugurated for commercial services by President Muhammadu Buhari on Thursday.Punch