Thursday, January 17, 2019 10:11:04 AM- Nigerian Stock Exchange.

  Top Financial News


16 August 2018

TCN cancels non-performing electricity transmission contracts: The Transmission Company of Nigeria on Wednesday declared that it had cancelled many non-performing electricity transmission contracts.(Source:Punch)


Refineries: PTDF to stop importation of refining catalysts: The Petroleum Technology Development Fund is working with engineers and researchers to halt the importation of catalysts used in refining crude in Nigerian refineries.(Source:Punch)


Fashola, power firms’ row threatens meter rollout: Despite the recent declaration by the Minister of Power, Works and Housing, Mr. Babatunde Fashola, power distribution companies have failed to agree that the responsibility of providing meters to customers still lies with them.(Source:Punch)


MTN Nigeria signs N200bn loan agreement with 12 banks: MTN Nigeria on Wednesday signed a seven-year N200bn medium-term loan facility with a consortium of 12 banks, with FBN Quest acting as the facility agent.(Source:Punch)


Inflation falls marginally to 11.14%:  The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation, with the index dropping by 0.09 percentage points from 11.23 per cent in June to 11.14 per cent in July.(Source:Punch)


Investors stake N100bn on FGN bonds:  The Debt Management Office said subscribers staked more than N100bn on FGN Bonds, which it issued on Wednesday.(Source:Punch)


Whistle-blower: 5000 tips received, N11bn recovered – Adeosun:  The Minister of Finance, Kemi Adeosun, has said that the Federal Government recovered N11.6 billion so far from the tips they received since the Whistle-blower Policy was launched in December 2016.(Source: Daily Trust)

Evaluation report on Teleology delaying 9mobile sale: The evaluation report on the preferred bidder in the sale of 9mobile, Teleology Limited, is delaying the handover of the telecom company.(Source: Daily Trust)

India’s investment in Nigeria hits $10bn – Envoy: Indian High Commissioner to Nigeria, B.N Reddy, has said the investments of Indian companies in Nigerian economy stands at $10 billion.(Source: Daily Trust)

Stock market down by 0.62% as bearish sentiment persists: The Nigerian Stock Exchange, NSE  All Share Index (NSE ASI) depreciated further on  Wednesday  by 0.62 percent  to close at 35,069.34 points, compared with the depreciation of 0.35 percent  recorded yesterday.(Source: Vanguard)


Prices of fuel, cooking gas, diesel decreased  in July – NBS:  The National Bureau of Statistics, NBS  says average price paid by consumers for premium motor spirit (petrol) decreased by -0.09 year-on-year and -0.9% month-on-month to N146.80 in July 2018 from N148.10 in June 2018.(Source: Vanguard)


Oil coys under declare crude export – Stevedore: The National Association of Stevedoring Companies has said that International Oil Companies operating in Nigeria do not declare the accurate volume of exports of crude oil from Nigeria.(Source: Vanguard)

Currency swap will not cover substandard good, says CBN: The Central Bank of Nigeria (CBN) said the currency swap agreement recently reached with the People’s Bank of China (PBoC), will not cover the importation of substandard goods into the country.(Source: The Nation)


NNPC: contractors for AKK pipeline:  The Nigerian National Petroleum Corporation (NNPC) has said the execution of the Ajaokuta-Kaduna-Kano gas pipeline project is progressing under the original concept of 100 per cent contractor financing model.(Source: The Nation)


Firms invest N5 trillion in meter manufacturing:  Private firms have  invested $16 billion (about N5 trillion) in meter manufacturing, Acting President Yemi Osinbajo has said.(Source: The Nation)

Reporting for EasyKobo on Thursday ,16 August 2018 in Lagos, Nigeria

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