Thursday, January 17, 2019 6:51:13 PM- Nigerian Stock Exchange.

  Top Financial News


14 August 2018

Meter supply is Discos’ responsibility, says FG: The Federal Government on Monday announced that power distribution companies still had the responsibility of providing meters to customers as opposed to the recent position of the Discos.(Source:Punch)


Electricity generation drops to 2,684MW: The nation’s power generation plunged by 777.9 megawatts on Monday as output from the hydropower plants and some gas-fired stations, including Egbin in Lagos, suffered declines.(Source:Punch)


Nigeria, two others push OPEC oil output higher: Crude production from the Organisation of Petroleum Exporting Countries rose in July on the back of increased output recorded by Nigeria, Kuwait and the United Arab Emirates.(Source:Punch)


Operating surplus: FRC proposes expansion of MDAs’ list: The Fiscal Responsibility Commission has recommended the expansion of the list of Ministries, Departments and Agencies that are scheduled to pay operating surplus to the Consolidated Revenue Fund of the Federal Government.(Source:Punch)


NNPC, Seplat sign gas delivery agreements:  The Nigerian National Petroleum Corporation and Seplat Petroleum Development Company have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020.(Source:Punch)


Nigeria’s economy attracts N8.5tn investments in three years: The Nigerian economy attracted a total investment inflow of $27.9bn between July 2015 and March this year.(Source:Punch)

Nigeria achieves 70% broadband penetration: Telecoms sector regulator Nigerian Communications Commission (NCC) has said going by the long and short term targets of the National Broadband Plan (NBP), the country has achieved 70 per cent broadband penetration.(Source:The Nation)


2019 elections: Customs to deploy scanners in ports: The Nigeria Customs Service (NCS) has okayed the deployment of scanners at seaports to check the influx of dangerous items into the country.(Source:The Nation)


Equities hit new low as return worsens to -7.41%:  Total market value of Nigerian equities dropped for the seventh consecutive trading session to N12.928 trillion yesterday as benchmark indices at the Nigerian Stock Exchange (NSE) indicated average year-to-date return of -7.41 per cent.(Source:The Nation)


CBN okays N14.9b for Northeast commodity association:  The Central Bank of Nigeria (CBN) has approved N14.9 billion loan to the Northeast Commodity Association (NECAS) on the platform of its Anchor Borrowers’ Programme (ABP).(Source:The Nation)


Turnover rises as African Prudential assets hit N24.88b:  Africa Prudential Plc, a share registration and investor services firm, has announced its Unaudited Financial Statements for the period ended June 30, 2018. It showed turnover growth of 48 per cent from N1.47 billion last year to N2.17 billion. Its total assets also grew by 13 per cent to N24.88 billion, compared to N21.93 billion as at period ended December 31 last year.(Source:The Nation)

FG’s N701bn fund, others raise power generation – Fashola: The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said the N701 billion Payment Assurance Guarantee introduced to raise monthly payment for electricity Generation Companies (GenCos) has significantly impacted on power generation capacity, raising it to 7,000 megawatts (MW).(Source:Daily Trust)


NIMASA among top 5 contributing to FG revenue – Dakuku:  The Director-General, of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside has said it is among the top five agencies that are contributing constantly to Federal Government revenue.(Source:Daily Trust)


We will disburse N6bn interest-free loans before 2019 – Jaiz MD:  The Managing Director  Jaiz Bank Plc, Hassan Usman has said the bank is set to  commence disbursement of the $20 million (about N6.1 billion) interest-free loan to the operators in  the Small and Medium Enterprises sector before 2019.(Source:Daily Trust)

PIB delay causes leakages, theft, sabotage in oil industry – NNRC:  Stakeholders in the Nigerian petroleum industry have stated that the delay in passing the Petroleum Industry Bill, PIB, into law has resulted in a lot of leakages, theft and sabotage in the industry.(Source:Vanguard)


Naira depreciates to N362.20 /$ in I&E window:  The Naira, Monday, depreciated to N362.20 in the Investors and Exporters (I&E) window even as the volume of dollars traded rose marginally by 93 percent.(Source:Vanguard)


FG, others got N3.5trn FAAC funds in H1’18:  With the distribution of N668.9 billion for the month of June 2018, as indicated in the report of the National Bureau of Statistics, NBS, Monday, the three tiers of Nigerian government have shared a total of N3.5 trillion as statutory allocations in the first half of 2018, H1’18.(Source:Vanguard)

Reporting for EasyKobo on Tuesday ,14 August 2018 in Lagos, Nigeria

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