08 August 2018 ( Lagos )

CBN injects $210m in foreign exchange market: The Central Bank of Nigeria has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market.(Source:Punch)

Stock market ends lower, NSE unveils e-payment platform: The market capitalization of equities listed on the Nigerian Stock Exchange fell further at the close of trading on Tuesday as the share prices of 21 firms dropped.(Source:Punch)

MDAs must pay operating surplus before investing – FRC: Scheduled government Ministries, Departments and Agencies are to pay their operating surpluses to the Consolidated Revenue Fund of the Federal Government before making any investment, the Fiscal Responsibility Commission has said.(Source:Punch)

FG, BoI support traders with interest-free loans: The Federal Government and the Bank of Industry on Tuesday gave out interest-free loans to traders in various markets across Lagos.(Source:Punch)

External reserves fall below $47bn, lowest since April:  The nation’s foreign exchange reserves have dropped below $47bn, losing $251m in the first six days of the month, data from the Central Bank of Nigeria showed on Tuesday.(Source:Punch)

CBN may increase interest rate soon: The Central Bank of Nigeria has hinted about plans to increase the interest rate as it hopes to tighten the monetary policy in response to higher inflation ahead of the general elections in February.(Source:Punch)

Ease of doing business: FG targets top 100 ranking in 2yrs:  The federal government is working at entering the list of top 100 countries on the global ranking in Ease of Doing Business by 2020.(Source:Vanguard)

Nigeria’s oil exports rise by 1.9% in July:  There are indications that Nigeria’s crude oil export to the global market increased by 1.9 per cent in July 2018.(Source:Vanguard)

Taxation, vehicle to sustainable economy – FIRS:  Executive Chairman, Federal Inland Revenue Services, FIRS, Mr. Babatunde Fowler, has said that taxation is the way to achieving a sustainable economy and a robust funding of government infrastructures and social services.(Source:Vanguard)

DPR monitors 14 oil firms managing marginal fields:  The Federal Government, through Department of Petroleum Resources, DPR, has resolved to closely monitor the operations of 14 indigenous oil and gas companies involved in managing Nigeria’s marginal fields.(Source:Vanguard)

Prices of goods to rise as haulage cost shoots by 500%: There are strong indications that the cost of imported goods may rise following the rising cost of haulage of cargo at the Apapa port in Lagos by over 500 per cent in recent times.(Source:Daily Trust)

First Bank redeems $300m Eurobond before maturity:  First Bank of Nigeria said on Tuesday it had redeemed a $300 million Eurobond before maturity and had paid all bondholders.(Source:Daily Trust)

Conoil grows first half profit by 29%: Conoil Plc recorded double-digit growths in sales and profitability in the first half of this year, with pre-tax profit rising by 29 per cent to N809.78 million within the six-month period.(Source:The Nation)

NBS: NAFDAC Impounded N3bn Substandard Goods in 2017:  A report by the National Bureau of Statistics (NBS) has disclosed that in 2017, the National Agency for Food and Drug Administration and Control (NAFDAC) impounded fake and substandard goods valued at N3 billion.(Source:Thisday)

Reporting for EasyKobo on Wednesday ,08 August 2018 in Lagos, Nigeria