Morning Beats

The Guardian eyes entry into the Nigerian Stock Exchange

The President, National Council of the Nigerian Stock Exchange (NSE);The CEO, NSE, members of the Executive Committee; thank you so much for according Guardian Newspapers LimitedGuardian

Banking sector’s SANEF and search for 40m new identities

The nation’s banking sector is taking another big leap and responsibility with the Shared Agent Network Expansion Facility (SANEF), as it pursues the realisation of a plan that wholly reflects commitments to achieving the 80 per cent target on financial inclusion, in about 28 months from now.Guardian

Renewed interests in low price stocks buoy indices, pare losses

At the end of transactions on Friday, the gains recorded from the previous session were enough to spur a rebound of the indices at the Nigeria Stock Exchange (NSE).Guardian

Ilori, Apampa urge underwriters to build trust

UNDERWRITERS have been urged to build Nigerians’trust in insurance penetration, experts have said.The Nation

NCRIB chief advises insurers on industry growth

Brokers have advised insurers to focus on growing the industry as they prepare for the new recapitalisation regime.The Nation

Why NAICOM pushed for recapitalization

Complaints from operators in the oil and gas sector that some insurance firms find it difficult to pay claims compelled the regulator, the National Insurance Commission (NAICOM), to mandate them to recapitalise, it was learnt at the weekend.The Nation

‘MTN ’ll breach pact if it doesn’t list on Stock Exchange’

In 2015, the Nigerian Communications Commission (NCC) fined telecom giant MTN N1.04trillion on MTN Nigeria.The Nation

Cement, healthcare companies to raise N240b new capital

THE country’s largest cement and healthcare manufacturing companies are planning to raise N240 billion new capital to grow their businesses.The Nation

How banks make free money – CBN Governor

In an address to Pressmen, about 5 years ago, in Abuja, Lamido Sanusi, who was then CBN Governor (2009-2014), unexpectedly, decried the prevailing monetary framework which facilitated banks’ access to make free money from their portfolio of government funds.Vanguard

Insurers’ underwriting expenses outpace premium

There are indications that insurers are committing more resources to meeting insurance claims and other underwriting expenses. Vanguard

Cost of funds decline to persist as N1tr inflow aggravates excess liquidity

Cost of funds will decline further this week in the interbank money market as inflow of over N1 trillion from statutory allocation funds and maturing treasury bills (TBs) aggravates excess liquidity in the marketVanguard

Proposed rule on stock price stabilisation will encourage more listings – Operators

At the backdrop of plan by the Nigerian Stock Exchange, NSE, to establish rules that will stabilise prices of newly listed companies, operators in the capital market have said that the measure will encourage more issuers to seek listing in the market.Vanguard

External reserves drop by $990m in three weeks

The nation’s foreign exchange reserves have fallen by $990.98m this month, latest data from the Central Bank of Nigeria showed on Sunday.Punch

Cocoa processors groan under N50bn debt, huge losses

Cocoa processors in Nigeria have invested billions of naira in the cocoa value chain in response to the Federal Government’s call for value addition to the agricultural produce meant for export.Punch

Expert seeks full disclosure of insurance firms

The Executive Director, Center for Pension Rights, Ivor Takor, has said it is important for the National Insurance Commission to ensure full disclosure of insurance companies.Punch