Top Financial News   

19 September 2018


CBN injects $210m into forex market: The Central Bank of Nigeria has again intervened in the inter-bank foreign exchange market to the tune of $210m.(Source:Punch)

                 

We will not reverse ultimatum on minimum wage – Labor: The organized labor has said that the 14-day ultimatum it gave the Federal Government from September 12, to implement the new minimum wage will not be reversed or extended.(Source:Punch)

 

FG transfers 21% shares in the mint to CBN: The Federal Government has transferred its 21 per cent shares in the Nigerian Security Printing and Minting Company to the Central Bank of Nigeria.(Source:Punch)

 

Stock market reverses losses, gains N65bn: In line with some analysts’ expectations, the nation’s stock market experienced a rebound on Tuesday as the domestic equities market reversed some of its previous losses, gaining N65bn at the end of trading on the floor of the Nigerian Stock Exchange.(Source:Punch)

 

Economy must grow above 3% for citizens to enjoy – Udoma: The Minister of Budget and National Planning, Senator Udo Udoma, on Tuesday said that the Nigerian economy must record a growth rate of at least three per cent for the people to significantly enjoy the benefits associated with economic growth.(Source:Punch)


MTN fines: Don’t discourage foreign investors, NESG tells FG:  The Nigerian Economic Summit Group (NESG) has urged the Federal Government not to discourage foreign capital flow to the country as it deals with infractions of corporations.(Source:Daily Trust)

 

Eight local carriers airlift 906,886 passengers in August: Eight domestic airlines airlifted no fewer than 451,169 inbound passengers and 455,717 outbound passengers in the month of August, figures from the Nigerian Civil Aviation Authority (NCAA) have shown.(Source:Daily Trust)

 

Port reforms may affect 9,000 redundant workers – NPA: The impending comprehensive ports reforms will affect about 75 per cent workforce or 9,000 workers in the Nigerian ports.(Source:Daily Trust)

 

Trade volume from China port reaches $2.65bn in 2017: The Deputy Director, Guangzhou Port Authority in China, Yuan Yue yesterday said that trade volume between the port and Nigeria stands are $2.6 billion in 2017.(Source:Daily Trust)


Insurers to lose operating license over de-marketing with tier base policy: Any insurance company that capitalizes on the Tier-Based Minimum Solvency Capital, TBMSC, policy to de-market another insurer could lose its operating license once the policy kicks-off.(Source:Vanguard)

 

Tin Can 11 Command declared N1.020bn in August: The Tin Can 11 Command of the Nigeria Customs Service, NCS, has declared a total revenue collection of N1,020 billion for the month of August, 2018 despite business degradation, which  indicated it recorded 71.3% of the total monthly target.(Source:Vanguard)

 

We have moved 10m Nigerians out of poverty — FG: The federal government has claimed that it has moved 10,073 million Nigerians from poverty to prosperity.(Source:Vanguard)

 

Gridlock: Traffic robberies threatening export drive – SHIPPERS: Unless urgent steps are taken, the nation will continue losing revenue accruable from exportation, as criminals now attack and cart away goods meant for export trapped in traffic on their way to the port.(Source:Vanguard)


Reporting for EasyKobo on Wednesday , 19 September 2018 in Lagos, Nigeria


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