Morning Beats

NNPC calls for renewable energy revolution to end fossil fuel

The Nigerian National Petroleum Corporation (NNPC) in Abuja on Wednesday said the world needs a clean energy revolution in order to break its inordinate dependence on fossil energy fuels.Guardian

Liquidity crisis persists despite N701bn power sector intervention fund

Despite approval by the Federal Executive Council (FEC), for a N701-billion Central Bank of Nigeria (CBN) facility to ameliorate liquidity crisis in the power sector, funding challenges remain a big issue.Guardian

Sigma Pensions’ Sharia funds to drive private equity investments

Sigma Pensions has commenced plans to boost investments in private equity through Ethical Funds otherwise known as Sharia Funds as part of efforts to increase the number of sources of capitals for borrowersGuardian

Government to review free trade zones’ incentives for competitiveness

The Nigeria Industrial Council and Competiveness Advisory Council has moved to review fiscal arrangements and incentives applicable to the country’s free trade zones (FTZs).Guardian

Presco investment in rubber to boost forex earnings

Presco Plc has said its new investment in rubber will attract foreign exchange (forex) earnings into Nigeria, and boost business expansion.Guardian

Honeywell, Cutix, others top stock market’s N29 billion gain

Equity transactions on the Nigerian Stock Exchange reversed the two-consecutive days’ downward movement to close in an upbeat yesterday, following price gains recorded by most blue-chip stocks, especially Honeywell flourmills and Cutix, as market capitalization increased by N29 billion.Guardian

Med-View acquires Boeing777-200ER aircraft

Med-View Airlines Plc has acquired a Boeing 777-200ER aircraft to revive its international operations. The wide-body aircraft is the second of such in Nigeria, after Air Peace acquired one in January this yearGuardian

NCC: sale of 9mobile ‘ll be completed soon

Parties agree on timeline extension Telecoms sector regulator, the Nigerian Communications Commission (NCC) yesterday said the process to sell 9mobile to its preferred bidder, Teleology Nigeria Ltd, was on course, adding that there was no need to fret over the issue.The Nation

Equities rally N29b gain amid bargain-hunting

Nigerian equities yes-terday broke a two-day downtrend with a net capital gain of N29 billion as investors sought to take advantage of low share prices.The Nation

World Bank: $160b lost to men, women earnings gap

The World Bank has disclosed that countries are losing $160 trillion in wealth due to gaps in lifetime earnings between men and women.The Nation

Alleged N1bn fraud: Former Mainstreet Bank Registrars MD docked

Former Managing Director of Mainstreet Bank Registrars Ltd, Chester Ukandu, has been charged before a Lagos High Court for conspiracy, forgery, giving false information and impersonation by the Economic and Financial Crimes Commission (EFCC).Vanguard

FG implements new template for operating surplus

The Federal Government is set to inaugurate the use of a new template for calculating the operating surplus payable by government agencies and departments deemed as revenue generating organisations.Punch

NEXIM Bank okays N25bn loan for non-oil exporters

The Nigerian Export-Import Bank on Thursday gave approval for the disbursement of the sum of N25bn to exporters in the non-oil sector.Punch

Cotton ginners oppose foreign investment in textile industry

The Cotton Ginners Association of Nigeria has opposed proposed foreign investment in the Nigerian textile and garment industry.Punch

Lafarge Africa plans $249m share sale

Lafarge Africa Plc, the continent’s second-biggest cement producer, plans to raise as much as N90bn ($249m) through a share sale in Nigeria that will be used to lower its debt levels.Punch

Investdata, experts to examine stock market performance

Investdata Consulting Limited has said experts will review the dynamics of the Nigerian economy, the stock market’s performance so far and the factors influencing the behavioural pattern at its forthcoming seminar.Punch