05 August 2018 :

Nigeria may lose $80m World Bank job creation grant: There were indications on Tuesday that Nigeria might lose more than $80m in World Bank funding meant for strengthening the capacity of the country’s Small and Medium-scale Enterprises to create jobs.(Source:Punch)

FG demands $2bn tax arrears from MTN: The Federal Government has asked MTN Nigeria to pay fresh $2bn in tax arrears on imported equipment and payments to suppliers.(Source:Punch)

Nigeria has gained over $5bn projects from China – Buhari:  President Muhammadu Buhari said on Tuesday that Nigeria had gained from China the execution of infrastructure projects worth $5bn across the country.(Source:Punch)

NAICOM lifts ban on new license issuance: After eight years of suspending the issuance of new operating licenses to investors to start new life, non-life and composite insurance companies in Nigeria, the National Insurance Commission on Tuesday lifted the ban.(Source:Punch)

Customs record highest monthly revenue of N140.4bn: The Nigeria Customs Service on Tuesday said it recorded its highest-ever monthly revenue collection of N140.41bn in August.(Source:Punch)

NNPC, Chinese consortia sign pacts on biofuel production: The Nigerian National Petroleum Corporation says it has signed a Memorandum of Understanding with Nigerian-Chinese consortia towards developing sustainable biofuels in the country.(Source:Punch)

Micro pension: PenCom eyes 30m low earners, others: The micro pension plan is targeting about 30 million people, including low-income and high-income earners by 2024.(Source:The Nation)

MTN places caution on shares over $10.1b Nigerian claims:  MTN Group yesterday advised investors to exercise caution in dealings on its shares as the telecommunication group faces uncertainties over a $10.1 billion controversy involving its Nigerian subsidiary-MTN Nigeria Communications Limited (MTN Nigeria).(Source:The Nation)

Equities recover with N35b gain:  Nigerian equities snapped a five-day losing streak yesterday as bargain-hunting in the banking and oil and gas sectors rallied the market to a net capital gain of N35 billion.(Source:The Nation)

Private investments in mining hit $3.32b: So far, a whopping $3.32 billion in private investments have come into Nigeria mining sector.(Source:The Nation)

We can’t right size-now due to legal issues – NIMASA: The Nigerian Maritime Administration and Safety Agency, NIMASA, has said that it cannot carry out the staff right-sizing exercise following a legal action instituted by some affected officers of the agency.(Source:The Nation)

New port access road to cost N72billion:  The Federal Government has approved the reconstruction of the port access roads running from Apapa port to the old toll gate in Ketu-Berger areas of Lagos.(Source:The Nation)

Travelex, CBN, EFCC partner on best practices for BDCs: As part of efforts towards ensuring transparency in the foreign exchange market, Travelex Nigeria Limited, a subsidiary of Travelex UK, in collaboration with the Central Bank of Nigeria (CBN) and the Economic & Financial Crimes Commission (EFCC) has concluded plans to engage the Bureau De Change (BDCs) on international best practices.(Source:The Nation)

CBN boosts foreign exchange market with $210m:  The Central Bank of Nigeria (CBN) says it has injected $210 million dollars into the inter-bank Foreign Exchange Market to meet customer’s request in various segments of the market.(Source:The Nation)

Extend CRR window to other sectors, LCCI urges CBN:  The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to extend the differentiated Cash Reserve Ratio (CRR) window currently being used by the apex financial institution to improve lending to the real sector to other sectors of the economy including the service sector.(Source:The Nation)

13 power plants shutdown over gas supply, low demand:  Thirteen electricity Generation Companies (GenCos) were shut down while five others operated below capacity last Thursday after inadequate gas supply and low energy demand of Distribution Companies (DisCos) denied customers 4,023 megawatts (MW) of electricity.(Source:The Nation)

MTN, four banks will be punished, CBN insists: The Central Bank of Nigeria (CBN) has insisted that MTN Nigeria and the four sanctioned over illegal banks repatriation of funds will be punished.(Source:The Nation)

NCAA makes N16bn from TSC in 8 months: Foreign and domestic airlines have remitted about N16bn as ticket sale charge (TSC) in the last eight months, the Nigerian Civil Aviation Authority (NCAA) has disclosed. (Source:The Nation)

Reporting for EasyKobo on Wednesday , 05 August 2018 in Lagos, Nigeria