Morning Beats
NCC offers N3b subsidy initiative for InfraCos
The Nigerian Communications
Commission (NCC), said it has made available N3 billion subsidy budget to
assist Infrastructure Companies (InfraCos) in the deployment ofGuardian
NSE indices sustain
sliding profile, down by N21 billion
Transactions on the floor of the
Nigerian Stock Exchange (NSE), continued on a downward note yesterday,
following price losses suffered by most blue chip stocks, causing market
capitalisation to dip further by N21billion.Guardian
MAN: reforms not
helping manufacturing
THE Manufacturers Association of
Nigeria (MAN) yesterday said government reforms in manufacturing are not deep enough to accelerate growth in
the sector.The
Nation
Embrace life insurance,
Adeosun urges Nigerians
THE Minister of Finance, Mrs Kemi
Adeosun, yesterday said with the various economic developmental initiatives of
the Federal Government and its agencies, Nigerians need to build a solid
financial plan for the future through life insurance planning.The
Nation
‘Over 23,000 workers to
lose jobs over ban on codeine’
The National Union of Chemical
Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) has
warned that over 23,000 workers would lose their jobs due to the blanket ban on
codeine by the Federal Government.The
Nation
Nigeria spends N4.6b on
steel imports yearly, says minister
Minister of State for Mines and Steel
Development, Abubakar Bawa Bwari has lamented that Nigeria spends up to $4.5
billion on steel imports yearly.The
Nation
Nigeria, ASEAN trade
volume hits $7.7b
The Malaysia High
Commissioner-designate to Nigeria, Gloria Tiwet, has said trade volume between
the Association of Southeast Asian Nations (ASEAN) and Nigeria in 2017 stood at $7.7 billion.The
Nation
AfDB targets five
million increase in Africa’s fish production
The African Development Bank
(AfDB) through its Technologies for African Agricultural Transformation (TAAT)
programme is targeting a five million tonnes’ increase in Africa’s aquaculture
production by 2025.The
Nation
‘Over $5b derivable
from local content implementation’
THE implementation of the local content
initiative would attract over $5billion into the economy, the Vice President,
Nigerian-American Chamber of Commerce (NACC), Ehi Braimah, has said.The
Nation
Securities exchanges
association will deepen capital market — SEC DG
The Acting Director-General of
the Securities and Exchange Commission (SEC), Ms Mary Uduk, has applauded the
Nigerian Stock Exchange (NSE) on the formal launch of Association of Securities
Exchanges of Nigeria (ASEN), stressing that it will deepen capital market
activities.Vanguard
Naira depreciates to
N362.19/$ in I&E window
$43m debt: Shareholders
reject sale of 9Mobile
Shareholders of 9Mobile have
cautioned the Central Bank of Nigeria, the Nigerian Communications Commission
and others involved in an ongoing negotiation to sell the telecommunication
firm not to proceed with the transaction in view of a pending case before the
Federal High Court in Abuja.Punch
PenCom restores 25%
lump sum payment to retirees
The National Pension Commission
has suspended the payment of 20 per cent lump sum to retirees under the
Contributory Pension Scheme and directed
all Pension Fund Administrators to revert to the old template of 25 per cent.Punch
Pension assets rise to
N8.23tn
Total assets under the
Contributory Pension Scheme rose to N8.23tn at the end of the second quarter of
2018, figures obtained from the National Pension Commission on Thursday showed.Punch
NSIA raises NBET’s
liquidity with $417.4m
The Nigeria Sovereign Investment
Authority on Thursday announced the payment of a total of $417.46m to the
Nigerian Bulk Electricity Trading Company Plc.Punch
Buyers snap up Nigerian
crude as prices drop
The decline in the prices of
Nigerian crude oil has helped end a week-long deadlock between sellers and
buyers, and key grades such as Forcados and Bonny Light were seeing a steady
flow of trade.Punch
NDIC seeks clarity on
role as banks’ liquidator
The Nigeria Deposit Insurance
Corporation has called on the National Assembly to include in the amendment to
the NDIC Act, 2007 a provision that states clearly its role as the sole
liquidator of banks licensed deposit-taking institutions.Punch
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