06 August 2018 ( Lagos )

FG generates N1.4tn from operating surplus in 11 years: More than N1.4tn has accrued to the Federal Government through the payment of operating surplus by Ministries, Departments and Agencies since the enactment of the Fiscal Responsibility Act in 2007, the Fiscal Responsibility Commission has said. (Source:Punch)

Power generation rises to 7,000 megawatts, says Fashola: Nigeria’s current power generation has reached 7000 Mega Watts, the Minister of Power, Works and Housing, Mr Babatunde Fashola, has said. (Source:Punch)

World Bank to raise funding for Nigeria by $4.5bn: The World Bank has revealed plans to increase its funding to Nigeria by $4.5bn over the next three years. (Source:Punch)

FG, states, LGs got N4.1tn in six months: Between January and June this year, the three tiers of government received a total allocation of N4.1tn from the Federation Account, investigations have revealed. (Source:Punch)

FG not afraid of Discos’ threat to resell firms:  The Federal Government is not frightened by the threats made by power distribution companies to quit the power sector and resell the firms at discounts. (Source:Punch)

CBN releases lower naira notes to traders: The Central Bank of Nigeria says it has begun the disbursement of lower denomination of naira notes directly to the traders. (Source:Punch)

Stop shipwreck dumping on Nigeria’s coastline, environmentalist tells FG:  An environmentalist, Prince David Omaghomi, has asked the Federal Government to enact and enforce of laws against dumping of wrecked ships on the country’s coastline. (Source:Punch)

Apapa gridlock: Transport operators, others lament rising cost of business:  The current gridlock resulting from the congestion at the nation’s premiere seaports, Tin Can Island and Apapa ports in Lagos, has pushed haulage cost up by about 900 per cent. (Source:Punch)

Nigeria borrows $3.1bn for railway, airports projects:  Nigeria, under the administrations President Muhammadu Buhari and that of former President Goodluck Jonathan, has borrowed about $3.1bn for railway and airport projects across the country. (Source:Punch)

‘CBN’s Anchor Borrowers’ Programme creates 1.5 million jobs’:  The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending on Sunday said about 250,000 direct jobs and 1.25 million indirect jobs had been created under the Anchor Borrowers’ Programme of the Central Bank of Nigeria. (Source:Punch)

Seven banks make N8.58bn fresh investments in software:  A total of seven Deposit Money Banks reported fresh investments worth N8.58bn in software in the first three months of the year in order to deliver seamless banking services to customers. (Source:Punch)

SEC fails corporate governance test: The Securities and Exchange Commission (SEC) has not published its yearly reports and accounts for four years, The Nation discovered at the weekend. (Source:The Nation)

CBN: framework will be strengthened to check cybercrimes: With the global cost of cybercrime estimated at over $600 billion in 2017, the Central Bank of Nigeria (CBN) yesterday said it would strengthen its regulatory framework to check cybercrimes on Nigeria’s financial system. (Source:The Nation)

‘Fed Govt owes oil marketers over $2b subsidy’:  The Federal Government is owing oil marketers over $2 billion in subsidy claims (Source:The Nation)

Cost of funds declines as N452bn inflow aggravates excess liquidity:  THE downward trend in interbank interest rates will persist this week, as inflow of N452 billion aggravates the prevailing excess liquidity in the interbank money market. (Source:Vanguard)

Economic reforms: $84bn investments recorded in 18 months — Osinbajo:  An update received from the office of the Vice President of Nigeria on the state of foreign investment inflow into the economy has indicated that about $83.9 billion worth of investments were announced between January 2017 and the end of the first quarter of 2018, Q1’18. (Source:Vanguard)

Notore lists N100bn shares at stock market: A Port Harcourt-based fertilizer maker-Notore Chemical Industries has listed 1.612 billion ordinary shares worth N100.75 billion ($330 million) at the Nigerian Stock Exchange yesterday. (Source:Daily Trust)

Reporting for EasyKobo on Monday ,06 August 2018 in Lagos, Nigeria