Morning Beats

C&I Leasing completes 28% buyout of Petrotech JV

C&I Leasing Plc has concluded the buyout of 27.5% minority stake in C&I Petrotech Marine Ltd- a Joint Venture company with six vessels presently deployed to a long-term contractGuardian

DMO restores debts’ report timeline, affirms management strategy, others

The Debt Management Office (DMO) has re-established a predictable timeline in the release of its report on the nation’s debt profile, a routine that has now become consistent for the better part of the last three years.Guardian

Oando crisis resurfaces as London court orders Tinubu to pay Volpi $680m

The crisis rocking Oando Plc has assumed a new dimension as a London Court of International Arbitration (LCIA) ordered its Chief Executive Officer, Wale Tinubu and his deputyGuardian

AMCON seizes Sigma Apartments over N1bn indebtedness

ASSET Management Corporation of Nigeria, AMCON, has taken over Sigma Apartments due to failure of its owners, Sigma Engineering & Construction Limited to repay N1 billion bank debt.Vanguard

Excess liquidity to persist as N608bn inflow hits interbank

THE interbank money market will this week, receive inflow of N608 billion from maturing treasury bills, aggravating the excess liquidity which prompted cost of funds to fall last weekVanguard

NBC pledges continued investment in glass bottle

NIGERIA Bottling Company, NBC, bottlers of Coca Cola has said it will continue to invest in glass bottles as content container for its brands as it is more environmentally friendly, and helps the consumer to have a healthier drink.Vanguard

Capital Bancorp unfolds initiatives to boost CBN’s financial inclusion target

IN line with the Central Bank of Nigeria, CBN’s financial inclusion initiative, Capital Bancorp Plc has taken the bull by the horns as it unfolds five strategic initiatives as part of its brand positioning to enhance investors’ seamless transaction in the Nigerian capital market.Vanguard

eTranzact deepens financial inclusion through CBN-funded initiative

eTranzact, e-payments solution provider, is set to deepen financial inclusion by expanding its PocketMoni service with 10,000 active mobile money agents, through the Central Bank of Nigeria (CBN)-funded Shared Agent Network Expansion Facility (SANEF) initiative,within the next 24 months.Guardian

PENCOM to roll out Micro-Pension in November

THE National Pension Commission, PenCom, said it has commenced moves to roll out micro-pension in November, 2018.Vanguard

Where, how to invest in equities in H2: 2018, by investment analysts (2)

We are continuing with the prognosis for equities market investment decisions in the second half 2018, which we started last Monday, and hopefully concluding next Monday.Vanguard

Unclaimed dividends hit N130b

Unclaimed dividends have risen to its highest level of N129.62 billion.  Shareholders have alleged deliberate efforts by registrars and company secretaries to frustrate the recovery of the unclaimed dividends and payment of new ones. Latest update on unclaimed dividends by the Securities and Exchange Commission (SEC) showed that unclaimed dividends had risen to N129.62 billion by last December 31.The Nation

CBN survey shows 12-month interest rates rise

The Central Bank of Nigeria (CBN) has released the second quarter 2018 Inflation Attitudes Survey, which showed that interest rates had risen in the last 12 months by 0.8 points to 32.4 points.The Nation

Nigeria spends over N120b on sugar importation

Nigeria imported over 750,000 metric tons of raw sugar worth over N120billion in the first six months, it was learnt in Lagos at the weekend.The Nation

Local firms in panic over investor’s financial problems

Emerging reports that US investment manager Colony Capital’s deal to take control of four funds belonging to Dubai-based private equity firm, Abraaj, is encountering investor resistance has left Kenyan firms where the fund has recently pumped billions of shillings in a cloud of uncertainty.Business Daily

State facing cheaper sugar reality as sector suffers inefficiencies

Even after a decade of Kenya’s protectionism in the sugar industry, the country has still failed to address all the underlying issues to make the sector competitive.Business Daily

FAAC to probe N90bn revenue underpayment by FIRS

The Federation Account Allocation Committee has expressed its readiness to probe the N90bn allegedly underpaid into the Federation Account by the Federal Inland Revenue Service.Punch

Collaborative efforts’ll make capital market vibrant – SEC

The Securities and Exchange Commission has said it is open to suggestions and actions that will make the capital market vibrant, stressing the need for more stakeholder collaboration.Punch