15 August 2018

Nigeria borrows N2.75tn in one year: The debt owed by the Federal Government, state governments and the Federal Capital Territory Administration increased by N2.75tn between July 1, 2017 and June 30, this year.(Source:Punch)

NNPC, investors to relocate refinery from Turkey to Nigeria: The Nigerian National Petroleum Corporation on Tuesday announced plans to establish a 100,000-barrels-per-day brownfield refinery each in Port Harcourt, Rivers State and in Warri, Delta State.(Source:Punch)

BOI involves EFCC to recover unpaid agric loans: The Bank of Industry on Tuesday said it had been working with the Economic and Financial Crimes Commission in a bid to recover loans collected by some farmers from the bank.(Source:Punch)

FG targets $88bn revenue, others through digital economy:  The Federal Government has a target of generating $88bn and creating three million jobs through the nation’s digital economy within a period of 10 years.(Source:Punch)

CBN injects fresh $210m into forex market: The Central Bank of Nigeria on Tuesday injected $210m into the interbank foreign exchange market.(Source:Punch)

Minimum wage: SSAUTHRIAI proposes N100,000 monthly:  The Senior Staff Association of Universities, Teaching Hospitals, Research Institutes and Allied Institutions has proposed a new minimum wage of N100,000 per month for Nigerian workers.(Source:Punch)

FG builds 26,002 houses with N197bn:  A total of N197bn has been spent on the construction of 26,002 houses across the country.(Source:Punch)

Apapa gridlock : Daily car sales drop by 92% – Berger motor dealers: The United Berger Auto Dealers Association  has said that the number of vehicles sold daily has dropped by 92 percent from the level three years.(Source:Vanguard)

NIRSAL projects $4.4bn revenue from agricultural exports in 2018:  Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has projected the country’s agricultural exports revenue to reach $4.4 billion (N1.6 trillion) by the end of this year.(Source:Vanguard)

FG receives N813bn from Total, Chevron, CNOOC in one year:  The Federal Government received $2.68 billion, about N817.4 billion, from Total, Chevron and China National Offshore Oil Company, CNOOC, in 2017, according to documents obtained from the Canadian government.(Source:Vanguard)

DMO raises N410bn to finance 2018 budget: The Debt Management Office (DMO) has raised N410 billion from the domestic capital market as public borrowings to fund the 2018 budget. The federal government had indicated that N1.6 trillion would be borrowed to finance about N1.95 trillion deficit contained in the budget.(Source:Vanguard)

Selloff of equities deflate NSE Index by 0.31% as investors lose N40.5 billion:  Sentiments by investors remained bearish in the equity market, as the Nigerian Stock Exchange, All Share Index, ASI dropped further by 0.31percent to close at 35,288.23 points, amidst continued selloffs.(Source:Vanguard)

Electricity workers threaten to shut power, demand sack of MD: Electricity workers yesterday in Abuja threatened to shut down power, unless the Federal Government sacks the Transmission Company of Nigeria’s (TCN) Managing Director.(Source:The Nation)

Nigerian Credit Agency Gives $373 Million to Boost Crop Exports: Nigeria’s state-owned agricultural-lending facilitator said it disbursed $373 million to farmers in the past year to help boost production of export crops.(Source:Bloomberg)

Reporting for EasyKobo on Wednesday ,15 August 2018 in Lagos, Nigeria