Monday, August 20, 2018 3:39:53 AM- Nigerian Stock Exchange.



  Top Financial News

      

09 August 2018 ( Lagos )


Customs seize N2bn contraband in two weeks: The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja has declared the seizure of contraband worth N2.55bn in two weeks between July 25 and August 7.(Source:Punch)

 

9Mobile: NCC conducts fresh due diligence on preferred bidder: The Nigerian Communications Commission says it is conducting another round of due diligence on the preferred bidder for 9Mobile, Teleology Holdings Limited.(Source:Punch)

 

Kachikwu wants NLNG to raise capacity by 60%: The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has challenged the Nigeria LNG Limited to expand its Liquefied Natural Gas production capacity to 40 million tonnes per annum over the next 30 years.(Source:Punch)

 

Operating surplus: Defaulting MDAs may face sanctions: The Minister of Finance, Mrs. Kemi Adeosun, wants sanctions to be imposed on the Ministries, Departments and Agencies of the government that fail to remit their operating surplus appropriately to the Consolidated Revenue Fund.(Source:Punch)

                   

Power: ‘70% of revenue losses come from unmetered consumers’: The highest amount of revenue losses in Nigeria’s power sector come from areas that have high concentration of unmetered electricity consumers.(Source:Punch)

 

FG to buy N17bn equipment to track fuel distribution: The Federal Executive Council on Wednesday approved the sum of N17bn for the installation of mechanism under the Petroleum Equalization Fund to monitor fuel distribution and eliminate subsidy fraud.(Source:Punch)

 

Naira appreciates to N362.08/$ in I&E window:  The Naira, yesterday, appreciated to N362.08 in the Investors and Exporters (I&E) window despite  the  49 percent decline in volume of dollars traded.(Source:Vanguard)

 

NSE sectoral Indices close red as stock market down by 0.09%:  The equities market on the Nigerian Stock Exchange, NSE closed negative for the fourth consecutive session on Wednesday with the All Share Index, ASI dropping 0.09 percent to close at 36,299.82 points.(Source:Vanguard)

 

NNPC gives reasons for 3 different prices for domestic gas:  The Nigerian National Petroleum Corporation (NNPC) says Nigeria’s effort at attracting investors into its gas utilization drive and creating value for the economy is responsible for different gas prices in the domestic market.(Source:Vanguard)

 

NACCIMA lauds FG’s new 5% credit facility for MSMEs:  The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture(NACCIMA) has applauded the Federal Government for initiating a 5 percent credit scheme for Micro, Small and Medium Enterprises (MSMEs) aimed at stimulating the nation’s economy.(Source:Vanguard)


Agribusiness attracts $375m funding from banks – NIRSAL MD: The Central Bank of Nigeria and NIRSAL Plc’s initiative to de-risk agribusiness in the country has  facilitated funding from commercial banks across the value chain to the tune of $375 million.(Source:Daily Trust)

 

FEC approves N8bn for scanners at ports: The Federal Executive Council (FEC) has approved N8,047,425,000 for the supply and installation of Rapiscan Mobile Cargo Scanner-Eagle M60 for the Nigeria Customs Service (NCS).(Source:Daily Trust)

 

GTB grosses N226bn in H1/2018:  Guaranty Trust Bank Plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges which saw gross earnings for the period grow by 5.9% to N226.6 billion from ?N214.1 billion reported in June 2017.(Source:Daily Trust)


Settlement banks to keep N15b T-Bills at CBN: The Central Bank of Nigeria (CBN) has asked settlement banks to provide clearing collateral of not less than N15 billion worth of treasury bills for them to perform settlement roles.(Source:The Nation)

 

Nigeria’s infrastructure stock hits 35 per cent, says expert: The value of Nigeria’s total infrastructure stock, comprising  road, rail, power, airports, water, telecoms and seaports, has been estimated at 35 percent of the country’s gross domestic product (GDP).(Source:The Nation)

 

‘Over $5b derivable from local content implementation’: The  implementation of the local content initiative would attract over $5billion into the  economy.(Source:The Nation)



Reporting for EasyKobo on Thursday ,09 August 2018 in Lagos, Nigeria





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