Morning Beats

Over 300 pensioners sent home at PTAD’s stakeholders’ forum

Over 300 pensioners, who came for the second Interactive Stakeholders Forum, organised by the Pension Transition Arrangement Directorate (PTAD), for federal pensioners.Guardian

Forex irregularities scare marketers off kerosene importation

Oil marketers in Nigeria are still reluctant to resume the importation of Dual Purpose Kerosene (DPK), after abandoning the venture for over two years on the grounds of unprofitability.Guardian

Security experts warn FG on rising online breaches

Cyber Security experts have called on the Federal Government not to treat the rising cyber security breaches in the country with levity.Guardian

On the MTN dividend payments saga

In case you have been out of the loop recently, you may have missed out on the saga involving the Central Bank of Nigeria (CBN), MTN, and a couple of banks. According to the CBN, MTN in collusion with banks “illegally” repatriated dividends worth just over $8bn between 2007 and 2015. The CBN says this is illegal because there were problems with its certificate for capital importation (CCI).Guardian

Stock market opens September with N4b losses

Equity transactions on the floor of the Nigeria Stock Exchange (NSE), reopened September trading on a downward note yesterday, as most highly capitalised stocks recorded price depreciation, causing market capitalisation to plunge by N4 billion.Guardian

Report: CBN forex interventions hit $963m in August

The total foreign exchange (forex) interventions by the Central Bank of Nigeria (CBN) stood at $963 million in August,The Nation

Why China has an edge over UK, US in Africa —Kachikwu

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, weekend, said China has an edge over the US and UK in Africa because it was providing what Africa needed.Vangaurad

External reserves drop by $1.2bn

The nation’s foreign exchange reserves fell by $1.2bn in one month, latest data from the Central Bank of Nigeria showed on Monday.Punch

FG extends Lagos-Ibadan Expressway project completion date to Dec 2019

There are indications that the completion date for the Lagos-Ibadan Expressway project has been extended by another one year to accommodate additional work already approved by the Federal Government.Punch

Chinese firm to secure $2.38bn for Ajaokuta-Kano pipeline project

China National Petroleum Corporation says that it will secure the financing required for the execution of the Ajaokuta-Kaduna-Kano pipeline project.Punch

Customs intercept N1.5bn smuggled petroleum products

The Nigeria Customs Service, Federal Operations Unit,, Zone ‘A’ Ikeja, said that it had intercepted N1.5bn worth of petroleum products about to be smuggled out of the country to Benin Republic.Punch

Nigeria’s external debt rises by $11.77bn in three years

Nigeria’s external debt commitment rose by $11.77bn in the last three years, investigation has shown.Punch