13 August 2018 ( Lagos )

Nigeria’s foreign commercial loans rise to $8.8bn: Nigeria’s exposure to commercial loans has risen by 486.67 per cent in the last three years as the loans now make up 39.87 per cent of the country’s external debt portfolio as of March 31. (Source:Punch)

SEC extends multiple subscription deadline to December 31: The Acting Director-General, Securities and Exchange Commission, Ms Mary Uduk, has said the Capital Market Committee, in a bid to encourage many investors to consolidate their multiple subscriptions into one account, has extended the forbearance for multiple accounts to December 31. (Source:Punch)

Benchmark stock index falls by 2.89%: The nation’s stocks fell further last week as the All Share Index of the Nigerian Stock Exchange depreciated by 2.89 per cent to 35,446.47 basis points. (Source:Punch)

NNPC, oil majors’ disputes persist, dampen investment: The ongoing disputes between the Nigerian National Petroleum Corporation and international oil companies over Production Sharing Contracts is hampering further investment, even as funding challenges have led to a significant decline joint venture oil and gas production. (Source:Punch)

Divergent views from consumers as Discos demand budgetary intervention:  Between January 1 and August 8, 2018, Nigeria’s power sector lost N302.26bn as a result of electricity distribution, transmission, gas supply and water management challenges. (Source:Punch)

FG’s N500bn fuel price hike palliative ‘missing’, SSAUTHRIAI alleges: The N500bn palliative package offered by the Federal Government to cushion the effects of the last increase in the pump price of fuel may be ‘missing’, some years after its pronouncement by the Presidency, the Senior Staff Association of Universities, Teaching Hospitals, Research Institutes and Associate Institutions has alleged. (Source:Punch)

FG wants innovative funding for satellites acquisition:  The Minister of Communications, Mr. Adebayo Shittu, says the Federal Government is searching for an innovative way to fund the acquisition of two new communications satellites for Nigerian Communications Satellite Limited. (Source:Punch)

FG saves $80b in capital flight on Abuja centenary city: The Management of the Abuja Centenary City Plc has said that the project when completed would save the country over $8billion in capital flight. (Source:Daily Trust)

NCAA licenses 7 Star Global Hangar, set to commence operations:  7 Star Global Hangar, a new internationally licensed Maintenance Repair and Overhaul (MRO), owned and managed by Nigerians, has received operational license from the National Civil Aviation Authority (NCAA) to commence operations in the country. (Source:Daily Trust)

Forex: CBN injects $327m, CNY69m into retail SMIS:  The Central Bank of Nigeria (CBN), yesterday injected $327million into the interbank retail Secondary Market Intervention Sales (SMIS). (Source:Daily Trust)

EFCC probes 35 capital market fraud cases: The Economic and Financial Crimes Commission (EFCC) is investigating about 35 fraud cases at the capital market. (Source:The Nation)

Fed Govt mulls VAT removal on locally produced LPG: The Federal Government is working with relevant agencies to remove the controversial value added tax (VAT) from locally produced liquefied petroleum gas (LPG), commonly called cooking gas. (Source:The Nation)

Stanbic IBTC Holdings lists 64.21m scrip shares:  Stanbic IBTC Holdings Plc has listed about 64.21 million ordinary shares of 50 kobo each to raise its total outstanding shares to about 10.114 billion ordinary shares of 50 kobo each at the weekend. (Source:The Nation)

AfDB: Nigeria, others spend $35b yearly to import food:  Nigeria and other African countries spend $35 billion yearly importing food, the African Development Bank (AfDB) Group has said. (Source:The Nation)

Reporting for EasyKobo on Monday ,13 August 2018 in Lagos, Nigeria