Top Financial News   

14 September 2018

Single currency: Nigeria, Ghana, others fail to meet criteria: The inability of some countries within the West African Monetary Zone to meet up with the macroeconomic convergence criteria is currently threatening the take-off of the single currency regime for the sub region.(Source:Punch)


Customs stop re-examination of containers: The Area Controller, Apapa Command, Nigeria Customs Service, Abubakar Bashir, has disclosed that the command has stopped the practice of re-examining containers.(Source:Punch)


Air Peace buys 10 new Boeing aircraft: A domestic airline, Air Peace, on Thursday signed a deal with a United States-based airline manufacturer, Boeing, for the purchase of 10 new aircraft.(Source:Punch)


Market cap hits 14-month low, Lafarge leads losers: The nation’s stock market extended its decline as the market capitalization dropped by N98.8bn to close at N11.690tn, the lowest figure in 14 months.(Source:Punch)


Minimum Wage: FG describes Labour 14-day ultimatum as “blackmail”:  The Federal Government has described Labour 14-day ultimatum as “a subtle blackmail” to stampede the Tripartite Committee on the new National Minimum Wage.(Source:Punch)


NERC frowns at DisCos over partial revenue remittance: The Nigerian Electricity Regulatory Commission (NERC) has warned the 11 electricity distribution companies to desist from deliberately reducing their market remittance as it vows to enforce actions to ensure an equitable distribution under a structured regime.(Source:Daily Trust)


‘Kainji GenCo generates 440MW electricity, to add 80MW soon’: Kainji hydropower Generating Company (GenCo) now has 440 megawatts (MW) capacity since its privatisation in 2013 and will add 80MW by 2019, the concessionaire, Mainstream Energy Solutions Limited (MESL) for the plant and Jebba GenCo said.(Source:Daily Trust)


FIRS, states to share data on taxpayers: The Federal Inland Revenue Service (FIRS) and State Boards of Internal Revenue (SBIRs) have agreed to share information on how to increase tax revenue receipts.(Source:Daily Trust)

Domestic debts of 36 states, FCT hit N3.5trn in H1’18: The Debt Management Office (DMO) said the domestic debt stock of the country’s 36 states and the Federal Capital Territory (FCT) stood at N3.5 trillion as at the first half of 2018 (H1’18).(Source:Vanguard)


Naira up to N362.78/$ in I&E window: The Naira, yesterday, appreciated to N362.78 per dollar in the Investors and Exporters (I&E) window as the volume of dollars traded in the window rose marginally to $850.96 million.(Source:Vanguard)

Reporting for EasyKobo on Friday , 14 September 2018 in Lagos, Nigeria

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