07 August 2018

FIRS to sell tax evaders’ properties, freeze 6,772 accounts: The Executive Chairman, Federal Inland Revenue Service, Mr. Tunde Fowler, said on Thursday that the government would sell properties built and developed in corporate names across the country on which taxes were not being paid.(Source:Punch)

Fines: CBN deducts N5.61bn from accounts of three banks: The Central Bank of Nigeria has debited the accounts of three banks to the tune of N5.61bn, being the total amount of fines it imposed on them last week for alleged illegal repatriation of funds.(Source:Punch)

Merchandise trade dropped by N641bn in Q2 — NBS: The National Bureau of Statistics on Thursday released the country’s merchandise trade report for the second quarter of the year, with trade dropping by N641bn from N7.21tn in the first quarter to N6.56tn.(Source:Punch)

Apapa gridlock: NPA asks Lagos, Ogun to provide trailer parks: The Nigerian Ports Authority has asked the Lagos and Ogun state governments to make trailer parks available for licensing as part of efforts to address the gridlock on the Apapa Port access roads in Lagos.(Source:Punch)

Stocks fall further, market cap drops by N111bn: The nation’s equities market extended its decline on Thursday as it shed N111bn following the price depreciation recorded by 31 stocks at the close of trading.(Source:Punch)

NFIU, CBN others move against illicit financial flow: Regulatory agencies in Nigeria’s financial sector have expressed their plans to curtail illicit financial flow during the election period.  (Source:Punch)

No subscriber will be shortchanged, NCC assures: The Nigeria Communication Commission (NCC) yesterday said it had put measures in place to ensure that consumers of telecoms products across the country are not shortchanged by operators.(Source:The Nation)

Govt licenses 158 agric seed firms:  The Federal Government has licensed 158 new seed firms to commence production of quality seeds and boost agricultural production in the country.(Source:The Nation)

Textile workers seek reduction of exchange rate:  The Textile, Garments & Tailoring Senior Staff Association of Nigeria (TGTSSAN) has appealed to the Federal Government to reduce the exchange rate, particularly for the textile sector.(Source:The Nation)

Stanbic IBTC offers 211.7m shares option for interim cash dividend:  The board of directors of Stanbic IBTC Holdings Plc yesterday indicated that the holding company could issue up to 211.7 million ordinary shares of 50 kobo each as scrip dividend shares if shareholders opt to receive their first half interim dividend in shares.(Source:The Nation)

Food prices steady in August, says FAO:  The Food and Agriculture (FAO) said food prices remained stable in August as cereal prices rebounded while vegetable oils and sugar declined.(Source:The Nation)

Private sector operators’ confidence in the economy grows to 61.6 points — CBN report: A Central Bank of Nigeria (CBN) survey has shown that the confidence of the Private Sector Operators, OPS, on the economy stood at 61.6 index points in September, 2018.(Source:Vanguard)

11 DISCOs’ debts to NBET, MO hit N112bn in Q1’18 – NERC: The Nigerian Electricity Regulatory Commission, NERC, has disclosed that the nation’s 11 Electricity Distribution Companies, DISCOs’ debts to Nigerian Bulk Electricity Trader, NBET, and Market Operator, MO, are still below 30 percent as they paid only N51.2 billion of the N163.1 billion issued to them in the first quarter of 2018, Q1’18.(Source:Vanguard)

Reporting for EasyKobo on Friday , 07 August 2018 in Lagos, Nigeria