Top Financial News   

16 October 2018


Tremor: FG lifts suspension on blasting activities: The Federal Government on Monday announced the lifting of the ban imposed on all blasting and mining activities around the areas that experienced minor earth tremors in the Federal Capital Territory recently.(Source:Punch)

 

CCNN, Kalambaina Cement merger gets regulatory approval: The Cement Company of Northern Nigeria Plc says it has got an approval from the Securities and Exchange Commission and the Nigerian Stock Exchange on its proposed merger with Kalambaina Cement Company Limited.(Source:Punch)

 

Nigeria losing 500mmscf of gas daily – NNPC: The Nigerian National Petroleum Corporation stated on Monday that on a daily basis, over 500 million standard cubic feet of gas were being shut in by producers as a result of the problems in the power sector.(Source:Punch)

 

AfDB woos Nordic investors for Nigeria, others: The African Development Bank, in multidisciplinary team roadshows, has presented financial products and investment opportunities on the continent to Nordic investors to leverage more access to financing.(Source:Punch)


CBN set to introduce new regulations to curb cybercrime: The Central Bank of Nigeria (CBN) said it is concerned with rising losses that emanate from cybercrime and technology risk in the financial sector and is working on the modalities for new regulations.(Source:Vanguard)

 

Why reserves are falling – Emefiele: The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that reserves of emerging and frontier markets have been falling because of the rising interest rates in developed economies.(Source:Vanguard)

 

Don’t float $2.8bn Eurobond, Ezekwesili tells FG: A former Vice-President (Africa) of World Bank, Mrs Oby Ezekwesili, has advised the Federal Government to suspend its plan to raise 2.8 billion dollars in Eurobond to fund the 2018 budget.(Source:Vanguard)


Battle for power lines rages as Phase3, TCN bicker over fibre optics: The stability of the national electricity grid is being threatened as fibre optics on transmission towers are in use for telecommunication services by Phase3 Telecom rather than to monitor the national grid.(Source:Daily Trust)

 

Oil marketers worry over non-payment of N130.7bn subsidy debt: The major oil marketers under the auspices of Major Oil Marketers Association of Nigeria (MOMAN) on Monday expressed worry over non-payment of N130.7 billion fuel subsidy debt, saying that delay in payment has caused severe strain on continually investment in the industry.(Source:Daily Trust)


Fed Govt considers legal instrument for offshore gas: The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday said that by the end of the month, the Federal Government would have settled the contractual structure that would aid the country to unlock gas offshore  instead of depending solely on the Niger Delta.(Source:The Nation)



Reporting for EasyKobo on Tuesday ,16 October 2018 in Lagos, Nigeria


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