Top Financial News   

18 September 2018

Adeosun resignation: Ahmed resumes at finance ministry: The Supervising Minister of Finance, Mrs Zainab Ahmed, on Monday formally assumed duties at the headquarters of the ministry in Abuja.(Source:Punch)


Recapitalisation: Shareholders, NAICOM differ on court order: After a Federal High Court in Lagos ordered the National Insurance Commission to stop the implementation of its Tier-Based Minimum Solvency Capital policy, NAICOM says that it has yet to be served with any court order restraining it from implementing its regulation.(Source:Punch)


PenCom releases N86.7bn to over 275,000 sacked workers: The National Pension Commission said it had released N86.7 billion to sacked workers of various companies who participated in the Contributory Pension Scheme.(Source:Punch)


NSE market capitalisation drops by N46bn: Activities on the Nigerian Stock Exchange on Monday maintained the downward trend with the market capitalisation shedding N46 billion due to profit taking by investors.(Source:Punch)

Rail: FG to connect North, South trading route in 3 yrs:  President Muhammadu Buhari has assured to fully connect the North-South trading route by standard gauge railway before the end of 2021.(Source:Daily Trust)


Insurance enjoying steady growth, says BPE: The Director General of the Bureau of Public Enterprises (BPE), Mr Alex Okoh, has said the insurance sector has continued to enjoy steady growth with premiums increasing from N75 billion to over N300bn between 2005 and 2015.(Source:Daily Trust)

FG Gazettes New Gas Flaring Law: The federal government is set to stiffly penalise offenders of gas flaring in the country, after several years of leaving it at a meagre fine of N10 per thousand standard cubic feet of gas flared by oil companies in the country.(Source:Thisday)


SON Develops Standards for Staple Food: The Standards Organisation of Nigeria (SON) has developed international standards for most of the country’s staple food products such as garri, dry beans, soya beans, rice and the likes.(Source:Thisday)

Shipping firms plan N30b refund to importers, agents:  On-going negotiations between shipping companies and the Nigerian Shippers Council (NSC) will lead to refund of over N30 billion to importers and clearing agents, it was learnt at the weekend.(Source:The Nation)


CBN: banks will pay N10,000 fine if money transfer exceeds four minutes: The Central Bank of Nigeria (CBN) says banks will pay a fine of N10,000 for every money transfer that exceeds four minutes.(Source:The Nation)

Reporting for EasyKobo on Monday , 17 September 2018 in Lagos, Nigeria

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