Top Financial News   

02 October 2018


External reserves drop by $1.45bn in one month: The nation’s foreign exchange reserves fell by $1.457bn in September, the latest data from the Central Bank of Nigeria showed on Monday.(Source:Punch)

                 

Oil hits $84, Nigerian cargoes struggle for buyers: International oil benchmark, Brent crude, extended its gains on Monday, rising to its highest level of $84 per barrel since November 2014.(Source:Punch)

 

Demand for loans decreases – CBN report: Demand for loans with collateral and without collateral has so far decreased in the third quarter of 2018, despite an increase in the provision of loans by banks.(Source:Punch)

 

FIRS to amend tax laws affecting insurance sector: The Executive Chairman, Federal Inland Revenue Service, Babatunde Fowler, has said the agency will review unfavorable aspects of the tax laws in the insurance industry.(Source:Punch)

 

NAMA calls for local production of aviation fuel: The Managing Director of the Nigerian Airspace Management Agency, Capt. Fola Akinkuotu, has asked stakeholders in the oil and gas industry to begin local production of aviation fuel in line with the Nigerian content development initiative of the Federal Government.(Source:Punch)

 

NNPC posts N18.12bn trading surplus in one month: The Nigerian National Petroleum Corporation on Monday announced a trading surplus of N18.12bn for May 2018, a performance that was relatively higher than the N17.16bn recorded in the preceding month(Source:Punch)


MTN mulls new share trading: MTN Nigeria is exploring other means of availing the public of the benefits of owning its shares outside of listing on the Nigerian Stock Exchange.(Source:The Nation)

 

NCS sells 774 vehicles in e-auction transactions:  The Nigerian Customs Service (NCS)  sold 774 vehicles through its e-auction transaction that commenced in May, 2017(Source:The Nation)

 

‘We‘ve reduced transactions cost to attract investors’:  Ag. Director General, Securities and Exchange Commission, Ms. Mary Uduk, engaged the media after a meeting of the Capital Market Committee, where she addressed many issues, including cost of transactions.(Source:The Nation)


Power Ministry Goes Off Grid With $2.5m Hybrid Solar Power System:  The Ministry of Power is set to disengage from using electricity from the national grid to power its activities at its headquarters in Maitama Abuja, and subsequently turn to a hybrid solar mini grid network expected to be installed on its rooftop by a consortium.(Source:Thisday)


Credit to corporate sector increased in Q3 2018: The Central Bank of Nigeria (CBN) says availability of credit to the corporate sector increased in third quarter of 2018 and expected to increase in fourth quarter.(Source:Vanguard)


Reporting for EasyKobo on Tuesday , 02 Octber 2018 in Lagos, Nigeria


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