Morning Beats

Nigeria’s oil export earnings decline 21% amid rising prices

Nigeria’s net oil export earnings this year (between January and July), have declined by about 21 per cent compared to 2017 performance.August 2018 data obtained fromGuardian

Privatisation Council appoints transaction advisers for BPE

The National Council on Privatisation (NCP), has approved the appointment of advisers for three transactions undertaken by the Bureau of Public Enterprises (BPE), for the current year, as part of the Federal Government’s reform strategy.Guardian

Eaton raises stake in NEM, buys 130 million shares

Eaton Acquisitions Limited, an investment company that focuses on identifying listed companies with high growth potential and investing, has announced the completion of the purchase of 130 million shares of NEM Insurance Plc.Guardian

U.S. import of Nigeria crude in record fall

United States (U.S.) crude oil imports from Nigeria in July plunged to its lowest level in three years and are continuing to slip, as Asian and European buyers increase purchases, trade flow data from Thomson Reuters and market intelligence firms,The Nation

Fed Govt to save N3tr on raw materials, says Onu

The Federal Government would save N3 trillion in foreign exchange on raw materials in five years, the Minister of Science and Technology, Dr. Ogbonnaya Onu, has  said. Dr. Onu, who spoke in Abuja at the First National Consultative Forum for Regulatory Establishment in Nigeria,The Nation

CBN releases credit guidelines for manufacturing, agric

Pegs maximum loan at N10b The Central Bank of Nigeria (CBN) yesterday released new lending guidelines for manufacturing and agricultural sectors.The Nation

PenCom eyes 10% pension assets’ contribution to GDP

The National Pension Commission (PenCom) yesterday said it is putting in place measures that would raise the contribution of pension funds to the country’s Gross Domestic Product (GDP) from five per cent presently,The Nation

Nigerian oil exports set to hit 1.73m bpd in October

THERE are indications that Nigeria’s crude oil export will increase to 1.73 million barrels per day (bpd) in October 2018, up by 22.6 per cent over the 1.41  million bpd scheduled for September.Vanguard

Naira appreciates to N358/$ in parallel market

The naira yesterday appreciated to N358 per dollar in the parallel market.Vanguard

Bargain hunters push stock market up by 1.57%

The bulls resurfaced in the Nigerian equity market on Thursday, with the Nigerian Stock Exchange, NSE All Share Index, ASI closing higher by 1.57 percent to 35,206.16 points, as investors hunted bargains in Dangote Cement’s shares.Vanguard

Power: Benin Republic, Niger pay Nigeria $10m after disconnection threat

The Republics of Benin and Niger have paid $10.1m as electricity bill to Nigeria to avert being disconnected from their power source in Nigeria after the Federal Government threatened to disconnect debtors.Punch

BPE invites prospective investors for Afam, Yola Disco

The Bureau of Public Enterprises has invited Expressions of Interest from prospective investors who are interested in purchasing 60 per cent stake in Afam Power Plc and Yola Electricity Distribution Company Plc.Punch