Morning Beats

NNPC to raise fund from capital market for projects

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru, said the corporation would raise funds from the capital market to finance  seven new oil and gas projects in the country.The Nation

Equities continue downtrend with N124b loss

The downtrend at the Nigerian equities market worsened yesterday as investors continued a selling spree that had seen the market opening the second half with a loss of N120 billionThe Nation

Multi Fund structure investment begins

Contributors, retirees kick The National Pension Commission (PenCom) on  July 1 started the implementation of Multi Fund investment structure, a new investment regulation that allows pension contributors to make choices on how they want their pension fund invested based on their risk appetite.The Nation

CBN to banks: Don’t take fees on transactions you initiate

The Central Bank of Nigeria (CBN) has directed commercial banks not to charge fees on transactions initiated by themThe Nation

Telcos: data rollover’ll affect our revenue

The Association of Telecommunication Companies of Nigeria (ATCON) has said the new directive by the Nigerian Communications Commission (NCC) on data rollover will negatively impact the revenues of carriers.The Nation

Naira appreciates to N359/$ as CBN injects $210m

The Naira, yesterday, appreciated by N1to N359 per dollar in the parallel market even as the Central Bank of Nigeria (CBN) injected $210 million into  the forex market.Vanguard

PenCom recovers N14bn unremitted contributions to pension accounts

THE National Pension Commission (PenCom), has recovered unremitted contributions with interest penalty from the private sector amounting to N14billion.Vanguard

Domestic debt servicing gulped N923.3bn in three months –DMO

The Federal Government spent a total of N923.3bn on servicing domestic debts in the first three months of the year, statistics obtained from the Debt Management Office have shown.Punch

Contributory pension scheme records 8.02 million participants

The number of workers with Retirement Savings Accounts under the Contributory Pension Scheme rose to 8.02 million at the end of April this year, figures released by the National Pension Commission on Monday showed.Punch

IPOs to increase activity on NSE — OBG

Nigeria is set for an increase in activity on its stock market, with the country’s first initial public offering in more than three years expected in the second half of 2018, the Oxford Business Group has said.Punch

Dangote inaugurates mega cement warehouse in Owerri

A mega cement warehouse located at the Industrial Layout, Onitsha Road, Owerri, capital of Imo State, to serve corporate outfits and people of the Southeast and other zones in the country, was on Monday, opened for commercial use.Guardian