Morning Beats
BoI, CEXIM seal $500m
pact for refineries, gas recovery
The Bank of Industry (BoI), and
the Export-Import Bank of China (CEXIM), have signed a Memorandum of
Understanding (MoU), to provide a credit line of up to $500 millionGuardian
FrieslandCampina to
stake €23m in local milk production
Royal FrieslandCampina has
announced plans to invest €23 million in local milk production, as part of its
Dairy Development Programme (DDP) in Nigeria, the company’s Global Chief
Executive Officer, Hein Schumacher, has said.Guardian
Regulators withhold
data on kerosene importation as scarcity worsens
Industry regulators, the
Department of Petroleum Resources (DPR), and Petroleum Products Pricing
Regulatory Agency (PPPRA), have declined to produce importation data for
kerosene as scarcity hits the market with price differentiationGuardian
Market indices plunge
further by N155billion
The reign of the bears persisted
yesterday, following sell pressure by investors on the Nigerian Stock Exchange
(NSE), as market capitalisation plunged further by N155 billion.Guardian
NERC confirms metering
of 3.434 million customers
The Nigerian Electricity
Regulatory Commission (NERC), has identified metering as a key challenge facing
the power sector, as a little over 3.434 million (about 42 per cent) of the
over 8.135 million registered electricity customers have been metered as at the
end of the first quarter (Q1) 2018.This means that three in every five
registered electricity consumers are unmetered.Guardian
ATCON faults CBN over
$8.1b refund order to MTN
The Association of Telecoms
Companies of Nigeria (ATCON) has faulted
the order to refund $8.1billion handed to MTN Nigeria by the Central Bank
of Nigeria (CBN), saying the apex bank has no power to do so. Its President,
Oulsola Teniola, in an email report, said the cash in question belongs to MTN
in the first place, wondering what the CBN wants to achieve by its order.The
Nation
CBN: banks’ e-payment
transactions hit N99.29tr
The value
of electronic payment transactions has risen by 39.7 per
cent to N99.29 trillion in one year, the
Annual Economic Report of the Central Bank of Nigeria (CBN) has shown. The 2017 figure was an improvement compared with N71.1 trillion in 2016.The
Nation
NERC bars DisCos from
villifying Fashola
The Nigeria Electricity
Regulatory Commission NERC ) has barred the Electricity Distribution Companies
(DisCos ) from disparaging the Minister of Power, Works and Housing, Babatunde
Fashola.The
Nation
Customs rakes in N267b
The Nigeria Customs Service
(NCS), Apapa Area Command, made N267 billion between January and July, it was
learnt at the weekend.The Nation
FAAC disburses N3.9trn
to govts in H1’18
Total funds disbursements to the
three tiers of government from the Federation Accounts Allocation Committee,
FAAC, in the first half of 2018, H1’18, stood at N3.95 trillion, a huge 41.4
per cent jump over the N2.8 trillion disbursed in the corresponding period of
2017, H1’17.Vanguard
Naira appreciates to
N358.5/$ in parallel market
CBN licenses 366 new
BDC operators
The Central Bank of Nigeria
issued new operational licences to 366 Bureau De Change operators between
January 2018 and May 31, 2018, a new report by the apex bank indicated.Punch
MTN seeks restraining
order against CBN, AGF
MTN Nigeria disclosed on Monday
that it had applied to the Federal High Court in Lagos for an order restraining
the Central Bank of Nigeria and the Attorney General of the Federation and
Minister of Justice from taking further actions against it.Punch
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