31 August 2018

MTN denies illegally repatriating $8.1bn: MTN Nigeria has denied its involvement in the alleged illegal repatriation of dividends worth $8.1bn between 2007 and 2015.(Source:Punch)

FAAC sets up committee on Excess Crude Account management: The Federation Account Allocation Committee on Thursday set up a committee to come up with rules that would guide the effective management of the Excess Crude Account.(Source:Punch)

NSE, London Stock Exchange are key partners ? Onyema:  The Chief Executive Officer of the Nigerian Stock Exchange, Mr Oscar Onyema, has said the United Kingdom remains a key partner to Nigeria, particularly for its capital market development.(Source:Punch)

Manufacturing key to economic growth, says Dangote: The Executive Director of the Dangote Group,  Halima Aliko-Dangote, has urged millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture in a bid to fast-track the development of the continent and create better life for its nationals.(Source:Punch)

Farmers, herders’ clashes threaten output of cash crops: The clashes between farmers and herdsmen in the northern part of Nigeria have threatened the output of the country’s cash crops, according to stakeholders.(Source:Punch)

Cross River rice seedling factory to generate N14bn annually: The Hybrid Rice Seedling Factory built by the Cross River State Government at the cost of N3bn is estimated to generate at least N14bn annually.(Source:Punch)

Nigeria, UK yearly trade hits £4.2b: Nigeria’s bilateral trade relationship with the United Kingdom (UK) is said to be worth £4.2 billion per annum.(Source:The Nation)

Guinness Nigeria increases dividend up by 187.5%:  The board of directors of Guinness Nigeria Plc yesterday recommended a 187.5 per cent increase in dividend payout to shareholders as the brewer grew sales and profit to their best records in recent period.(Source:The Nation)

Access Bank to pay N7.23b interim dividend:  Access Bank Plc will distribute N7.23 billion to its shareholders as interim dividend for the first half of this year as the commercial bank sustained modest growths in earnings. Shareholders will receive interim dividend per share of 25 kobo.(Source:The Nation)

Awolowo: zero oil plan will grow export to $25b:  The Nigerian Export Promotion Council (NEPC), Olusegun Awolowo, said it plans to grow non-oil exports from $1.20 billion to $8billion in 2019 and eventually $25 billion by 2025.(Source:The Nation)

Hanging funds: CBN assures Savannah Bank’s customers of resolution: The Central Bank of Nigeria (CBN), yesterday, assured bank customers who were victims of the Savannah Bank crisis that it would ensure that they get their hanging funds.(Source:Vanguard)

Naira appreciates to N362.32/$ in I&E window: The Naira yesterday appreciated to N362.32 per dollar in the Investors and Exporters (I&E) window as the volume of dollars traded rose marginally by 92 percent.(Source:Vanguard)

Pension fund drives 7% of Nigerian economic growth:  The pension fund assets are contributing about 7 per cent to the growth of the economy as evident in the 7 per cent contribution to total Gross Domestic Product (GDP).(Source:Daily Trust)

Reporting for EasyKobo on Friday ,31 August 2018 in Lagos, Nigeria