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2 July 2018 ( Lagos ) 

N20bn underpayment: Osinbajo to resolve NNPC, FAAC disagreement: The disagreement between the Nigerian National Petroleum Corporation and the Federation Account Allocation Committee over the alleged underpayment of N20bn by the NNPC to the Federation Account has been brought to the table of the Vice President, Prof. Yemi Osinbajo. (Source: Punch)


N5.4trn Debt - AMCON goes tough, to seize assets of debtors: The MD/CEO of AMCON, Ahmed Kuru, said the N5.4trn (US$15bn) debt owed the corporation had lingered for too long. He said there will be no more room for negotiation with its debtors, declaring that it is set for a new stage which will involve complete take-over of the assets of its chronic debtors. (Source: Thisday)


Pensioners beg FG to pay arrears, address pending issues: The Association of Retired Federal Senior Public Officers of Nigeria has called on the Federal Government to pay the pension arrears of its members and address other pending issues. (Source: Punch)


Federation Account: FG, states, LGs shared N8.9tn in 16 months: The near total reliance of the three tiers of government on revenue accruing to the federation for their everyday activities is a huge source of worry as the three tiers of government received a total allocation of N8.9tn in 16 months covering January 2017 to April this year. (Source: Punch)


CBN’s PMI report shows growth in manufacturing: The Manufacturing Purchasing Managers’ Index (PMI) in the month of June stood at 57.0 index points, indicating expansion in the manufacturing sector for the 15th consecutive month, a Central Bank of Nigeria (CBN) survey has shown. (Source: The Nation)


NSE adds Oando, Beta Glass to most influential stocks’ group: The Nigerian Stock Exchange (NSE) at the weekend picked Oando Plc and Beta Glass Company Plc as two of the 30 most capitalised stocks. (Source: The Nation)


Domestic gas supply shortfall to hit 2.9bscf/day: Gas supply to the domestic market has been predicted to record a shortfall of 2.9 billion standard cubic feet per day (bscf/d) by 2020, equivalent to about 21 trillion standard cubic feet reserves. (Source: The Nation)

CBN directs banks to resolve USSD disputes in 3 days: The Central Bank of Nigeria, CBN, weekend directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data, USSD, channel within three days. (Source: Vanguard)


FMDQ, S&P Dow Jones commence co-branding of fixed income indices: FMDQ OTC Securities Exchange in collaboration with S&P Dow Jones Indices, the world’s leading provider of financial market indices, has commenced co-branding  of indices with the successful transition of Nigeria’s foremost Sovereign Bond Index. (Source: Vanguard)


NNPC Finalises $724m Oil Finance Deal with Schlumberger: The Nigerian National Petroleum Corporation (NNPC) disclosed it had finalised a crude oil production financing deal it negotiated with Schlumberger for the Anyalu and Madu oil fields under Oil Mining Licences (OMLs) 83 and OML 85, offshore Nigeria. (Source: Thisday)


Nigeria’s Export Earnings Rise by 10% to $14.4bn in Q1 2018: Nigeria’s total export earnings increased by 10.2 per cent to $14.394 billion in the first quarter (Q1) of 2018 compared with the $12.925 billion recorded in Q4 2017. (Source: Thisday)

FG to reconsider 500% tariff on local beverages:  The Federal Government will reconsider the 500 per cent tariff on local beverages – Chris Ngige. (Source: Daily Trust)


World Bank approves $2.1bn loans for Nigerian projects: The World Bank yesterday, said it has approved $2.1 billion in concessionary loans to fund projects in Nigeria aimed at improving access to electricity and promoting governance. (Source: Daily Trust)

Britain and Nigeria exploring ways to list naira bonds in London - Lord Mayor: Britain and Nigeria are exploring ways to list naira-denominated bonds on the London Stock Exchange to help fund infrastructure projects in the West African country, the City of London’s Lord Mayor told Reuters. Charles Bowman, who acts as an ambassador for the British capital’s financial district, made the comments during a three-day visit to Nigeria during which he held talks with the vice president, trade minister and representatives of both Nigeria’s stock exchange and central bank. (Source: Reuters)

Nigeria's fx reserves fall 0.34% m/m to US$47.62bn as of June 13: Nigeria’s foreign exchange reserves fell 0.34% from a month ago to US$47.62bn as of June 13, central bank data showed on Friday. (Source: Reuters)


Reporting for EasyKobo on Monday , 2 July 2018 2018 in Lagos, Nigeria

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