Top Financial News   

22 October 

$8.1bn transfer: Court to hear MTN’s case against CBN: A hearing in the court case between MTN and the Central Bank of Nigeria in a dispute over the alleged transfer of $8.1bn of funds by the telecom firm has been set for October 30, a lawyer for MTN said on Friday.(Source:Punch)


Multiple taxes, RoW, others stagnate N21.45tn telecom investment: Telecom stakeholders are expressing fears that the government’s policies will not only scare away potential investors, but can make the industry to crumble.(Source:Punch)


Don’t play politics with oil sector reforms, APC tells opposition: The All Progressives Congress has appealed to members of the opposition to stop playing politics with the ongoing reforms in the oil and gas sector.(Source:Punch)


Electronic payment fraud reducing in Nigeria – NeFF: The Nigeria Electronic Fraud Forum has said electronic payment fraud is decreasing in the country as a result of steps taken by it.(Source:Punch)


Banker, brokers want insurance laws reviewed:  Stakeholders in the financial sector have said it is relevant to review and strengthen insurance sector’s laws to enhance the performance of the industry.(Source:Punch)


NSC unveils new tariffs for truck operators: The Nigerian Shippers’ Council is working on a new tariff regime for truck operators and owners in the country.(Source:Punch)


Kachikwu inaugurates research council for local content: The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has inaugurated the Nigerian Content Research and Development Council.  (Source:Punch)


Concerns as Nigeria lags behind African peers in Internet connectivity: In spite of the current Internet penetration in Nigeria, rankings in terms of connectivity index have consistently not favored the country.(Source:Punch)


101 firms seek to supply prepaid meters:  The number of companies seeking to become meter asset providers in the Nigeria electricity supply industry has increased to 101.(Source:Punch)


PFAs invest N1.49 trillion in Treasury Bills: The Pension Fund Administrators (PFAs) in the country have invested N1.49 trillion in Treasury Bills.(Source:Vanguard)


CBN moves to reduce credit risk in mortgage financing: The Central Bank of Nigeria (CBN) has announced the introduction of Mortgage Guarantee Companies (MGCs), aimed at reducing credit risk in the mortgage finance sector as well as increase access to mortgage loans.(Source:Vanguard)


Investors anticipate higher rates as DMO offers N115bn FGN bonds: The Debt Management Office (DMO) will this week issue N115 billion worth of FGN bonds with investors anticipating the bonds will be issued at higher interest rate.(Source:Vanguard)


CBN partners telcos to block cloned SIMs from customers’ accounts: The Central Bank of Nigeria (CBN) through the Nigerian Electronic Fraud Forum (NeFF) is partnering the telecommunication companies to ensure that cloned SIM do not have access to customers’ accounts.(Source:Daily Trust)


FG begins payment of ex-Airways workers this week: The federal government has allayed the concerns and fears raised on omitted and missing names in the ongoing verification exercise of the ex-staff of the liquidated Nigeria Airways Limited (NAL) saying their concerns will be addressed.(Source:Daily Trust)


CPC laments high abuse of consumer rights: The Consumer Protection Council (CPC) has said consumer rights in Nigeria have been severely abused and the council will deploy all the constitutional powers in its armory to defend consumers at all levels.(Source:Daily Trust)

DMO: FG Resorted to Eurobond to Access Limitless Funds: The Debt Management Office (DMO) has explained that the federal government opted for Eurobond issuance in its foreign borrowings, instead of cheaper concessional loans from external development institutions, because it needs to access limitless funds.(Source:Thisday)

Reporting for EasyKobo on Monday ,22 October 2018 in Lagos, Nigeria

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