Top Financial News   

23 October 2018


Govt to add 4.2 gigawatts to national grid: The Federal Government has commenced moves to deploy underutilized power assets to deliver incremental power to industrial centers and needy communities in the country by generating additional 4.2 gigawatts of power to the national grid in the next 12-18months.(Source:The Nation)

 

NSC seeks 25% reduction in freight cost: The Nigerian Shippers’ council (NSC) has tarted a move that will lead to 25 per cent reduction in shipping cost on all imported cargoes into the country.(Source:The Nation)

 

Bicourtney, Babalakin, firms not indebted to AMCON: Bicourtney chairman Dr Wale Babalakin (SAN) and his companies are not indebted to the Asset Management Corporation of Nigeria (AMCON), their lawyer Olawale Akoni (SAN) said yesterday.(Source:The Nation)

 

Fed Govt begins payment to ex-Nigeria Airways workers: The Federal Government has begun the payment of 50 per cent entitlements of ex-workers of the defunct Nigeria Airways, who have successfully completed verification exercise.(Source:The Nation)


Daily fuel supply: NNPC, DPR churn out conflicting figures: There are indications that a huge discrepancy still exists in the figures supplied by the Nigerian National Petroleum Corporation, NNPC, and the Department of Petroleum Resources, DPR, on volume of fuel consumed in Nigeria daily, thus pointing to possible channel of corruption and funds diversion.(Source: Vanguard)

 

Nigeria is 7th largest integrated market in the world – US Ambassador: The United States Ambassador to Nigeria, Mr William Symington, says that Nigeria is the seventh largest integrated market in the world, with more endowments than most countries.(Source:Vanguard)

 

FG issues licence for gold refining: The Federal Government on Monday announced that the country would soon commence the refining of gold as it had issued the first gold refining licence to a firm known as Kian Smith Limited.  (Source:Punch)

 

Access Bank posts N375bn earnings for Q3: Access Bank Plc has announced group earnings of N375.2bn and profit after tax of N62.9bn for the third quarter of this year. (Source:Punch)


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

 

Crude oil prices rise above $80 per barrel: Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month. (Source:Daily Trust)


Reporting for EasyKobo on Tuesday ,23 October 2018 in Lagos, Nigeria


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