Top Financial News   

21 September 2018

Lagos leads as Nigeria’s foreign debt hits $22bn: The country’s foreign and domestic debts stood at $22.08bn and N15.63tn, respectively at the end of the second quarter of this year, according to figures released by the National Bureau of Statistics.(Source:Punch)


25 stocks lead N39bn equities appreciation: The nation’s equities market, on Thursday, gained N39bn as 25 stocks, led by Lafarge Africa Plc, appreciated at the end of trading on the floor of the Nigerian Stock Exchange.(Source:Punch)


Honeywell shareholders approve N475.8m dividend payment: The shareholders of Honeywell Flour Mills Plc have approved a dividend payment of 60 kobo for every 50 kobo ordinary share, amounting to a total of N475.8m for the 2018 financial year.(Source:Punch)


NNPC records N17.16bn trading surplus: The Nigerian National Petroleum Corporation has said that it recorded a trading surplus of N17.16bn in April.(Source:Punch)


NBS begins survey to measure poverty rate: The National Bureau of Statistics will from next Thursday commence the National Living Standard Survey, which among other indices, will show the level of poverty among Nigerians.(Source:Punch)


FG Moves to Crash Price of Local Rice: Minister of Agriculture and Rural Development, Chief Audu Ogbeh, Thursday hinted on plans to slash the price of local rice in the market to court patronage.(Source:Thisday)


FG to Review BASA with International Carriers: The federal government said that it would review the Bilateral Air Service Agreement it has with countries that their airlines operate to Nigeria.(Source:Thisday)

FG pays N1.05bn labour liabilities of defunct PHCN: The Federal Government has released about N1.05 billion to settle outstanding claims and entitlements of 408 staff and retirees of the defunct Power Holding Company of Nigeria (PHCN).(Source:Daily Trust)


Why FG suspends national carrier project: The suspension of the Nigeria Air project was decided following the complexities of the processes leading to the final takeoff of the airline.(Source:Daily Trust)

Coca-Cola moving ahead with takeover of Nigeria's Chi juice: Coca-Cola is moving ahead with plans to take over Nigeria’s leading juice company Chi Ltd and aims to complete the deal early next year.(Source:Reuters)


MTN shares rise after Nigeria says reviewing information to resolve $8.1 bln dispute: Shares in South Africa’s MTN rose 5 percent on Thursday, after Nigeria’s central bank said on Wednesday that it was reviewing information provided by the telecoms firm and four banks over a dispute on the repatriation of dividends(Source:Reuters)

Reporting for EasyKobo on Friday , 21 September 2018 in Lagos, Nigeria

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