Morning Beats

NNPC pays $1b out of $5b cash call, says Baru

The Nigerian National Petroleum Corporation (NNPC) has paid $1billion out of its $5billion cash call arraers. The Group Managing Director Dr. Maikanti Baru stated this in Abuja while addressing the corporation’s workers via a mail broadcast to commemorate his two-year anniversary.The Nation

Oil prices ease

Oil prices dropped yesterday, falling 97 cents to $73.17. Oil’s uptick in recent weeks has brought the commodity to levels not seen since it started a rapid descent in November 2014 that culminated in a brief trip below $30 per barrel in February 2016.The Nation

‘Why gari price is falling’

The Chairman, Enugu State chapter of Cassava Farmers’ Association, Mr Romanus Eze, has attributed the  fall in the price of garri to massive cassava production. Eze, a large-scale cassava farmer, spoke in Enugu.The Nation

Stock Exchange suspends trading on eight companies

Authorities at the Nigerian Stock Exchange (NSE) yesterday suspended trading on eight companies for failing to adhere to best corporate governance and extant post-listing requirements.The Nation

LCCI faults amended CAMA, says requires fine-tuning

The Lagos Chamber of Commerce and Industry, LCCI, yesterday, called for fine-tuning of some aspects of the Company and Allied Matters Act (CAMA) that was recently reviewed by the Senate in order to realize the desired result on the economy.Vanguard

Industrial, Banking, Consumers Goods stocks lift NSE Index by 65 bases points

The Nigerian equities market, on Thursday rose by 65 bases points, bps on renewed bargain hunting activity with the Nigerian Stock Exchange, NSE recording 23 gainers against 20 losers.Vanguard

Fashola tells landlords to collect rents in arrears

The Minister of Power, Works and Housing, Babatunde Fashola, on Thursday urged landlords in the country to start collecting rents in arrears beginning from today, July 6, 2018.Punch

FAAC deadlock: Buhari to take a stand soon, says Adeosun

The Minister of Finance, Kemi Adeosun, on Thursday said President Muhammadu Buhari had promised to “take the next step” on the issues that led to last week Wednesday’s meeting of the Federation Accounts and Allocation Committee ending in a deadlock in Abuja.Punch

SANEF: CBN demands daily returns from banks, agents

The Central Bank of Nigeria has demanded that banks that appoint/have agents, mobile money operators, and licensed super agents should render daily returns through the Nigeria Inter-Bank Settlement Scheme to it, in a bid to implement the Shared Agency Network Expansion Fund initiative.Punch

Why we shut down N300m Agbara factory – P&G

Procter and Gamble has said that the decision to shut down its N300m diaper factory in Agbara, Lagos is strictly a business one, aimed at restructuring and making the firm more productive.Punch

Sahara Gas boosts LPG availability with 7,000MT delivery to Nigeria

MT Sahara Gas, the newly built vessel acquired by the West Africa Gas Limited (WAGL), has delivered 7,000 metric tonnes (MT) of Liquefied Petroleum Gas (LPG), in its historic maiden voyage to Nigeria, to boost availability and safe access to the commodity widely referred to as cooking gas.Guardian