Top Financial News   

27 September 2018

CBN to revoke 154 microfinance banks’ licenses, 28 others: The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licenses of 182 other financial institutions in the country.(Source:Punch)


FG raises additional N96.74bn for 2018 budget: The Debt Management Office on Wednesday announced that it had raised additional N96.74bn to finance the 2018 Appropriation Act.(Source:Punch)


27,000MT crude exported from Delta port in Sept – NPA: The Nigerian Ports Authority said the country exported over 24,800 metric tons of crude oil through the Delta Port Warri in September.(Source:Punch)


Fidelity Bank’s profit rose by 27% in Q2: Fidelity Bank Plc’s profit before tax rose by 27.3 per cent from N10.2bn in the second quarter of 2017 to N13bn in the corresponding period of 2018.(Source:Punch)


FG obtains N280bn AFD loan in 10 years: The Agence Francaise De Developpment on Wednesday said it had supported the Federal Government of Nigeria with over N280bn (£660m) sovereign loans.(Source:Punch)

Remove Charges to Enhance Quality Service, Telcos Tell State Govts:  Telecoms operators in the country have called on state governments across the country to stop delaying the approval of Right of Way (RoW), saying it is impacting negatively on the deployment of telecoms infrastructure like fibre optic cables. The operators also called for the removal of charges by states on ROW.(Source:Thisday)

‘Why manufacturing recorded stunted growth’: The Manufacturers Association of Nigeria (MAN),  yesterday listed inadequate power supply, high interest rate and frequent tariff increases as some of the factors that militated against the sectors performance in 2017.(Source:The Nation)

Nigeria's Multiple Exchange Rates Are Starting to Look Like Two: Investors and the International Monetary Fund have long called on Nigeria to merge its multiple exchange rates. It’s starting to look like that’s happening.(Source:Bloomberg)

Reporting for EasyKobo on Thursday , 27 September 2018 in Lagos, Nigeria

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