Top Financial News   

28 September 2018

Fuel supply threatened as oil workers join strike: The supply and distribution of petroleum products across the country are under threat as the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Association have joined the strike ordered by the Nigeria Labor Congress.(Source:Punch)


Strike may delay civil servants’ September salaries – AGF: The Accountant-General of the Federation, Ahmed Idris, on Thursday called on the Nigeria Labor Congress to shelve its warning strike in order to allow the office to complete the process of payment of salaries of civil servants.(Source:Punch)


Nigerian oil exports to hit six-month high in November: Nigeria’s oil exports will reach their highest in six months in November, led in part by an increase in supply of the country’s four largest crude grades, according to loading programs.(Source:Punch)


Call masking, SIM boxing fraud cost Nigeria $3bn: The Nigerian Communications Commission has said the revenue lost to call masking and SIM boxing activities in the country amounts to $3bn.(Source:Punch)


Market capitalization sheds N73bn as 21 stocks lose: The market capitalization of listed equities fell by N73bn on Thursday as 21 stocks recorded price depreciation at the close of trading on the floor of the Nigerian Stock Exchange.(Source:Punch)

Naira up to N363.74/$ in I&E window: The Naira, yesterday, appreciated to N363.74 per dollar in the Investors and Exporters (I&E) window due to a 36 percent increase in the volume of dollars traded on the window.(Source:Vanguard)


2018 budget funding under pressure as FG records huge revenue shortfall: There are indications that 2018 budget funding is still under pressure as the Federal Government records huge shortfall in revenue collection against budget estimates.(Source:Vanguard)


Manufacturers’ inventory up 255% in one year: The Manufacturers Association of Nigeria (MAN) said the inventory of unsold finished products in the warehouses of members of the association rose by 255 percent to N321.12 billion in 2017 from N90.43 billion in 2016.(Source:Vanguard)

Dangote Refinery jetty receives first ship:  The Dangote Oil Refinery jetty located at the Lekki Free Trade Zone in Lagos received its first ever ship call.(Source:Daily Trust)

N650b debt: Oil marketers urge speedy payment: Oil marketers have appealed to the Federal Government to hasten payment of the over N650 billion fuel imports subsidy arrears owed them (marketers) over the years to save their assets from being taken over by banks.(Source:The Nation)

Reporting for EasyKobo on Friday , 28 September 2018 in Lagos, Nigeria

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