Top Financial News   

25 October 2018


FEC approves 2019-2021 MTEF, puts 2019 budget at N8.73tn: The Federal Executive Council on Wednesday approved the 2019-2021 Medium-Term Expenditure Framework and Fiscal Strategy Paper.(Source:Punch)

 

Nigeria has serious revenue problem –Budget Office: Nigeria is currently facing a serious revenue problem, the Director of Budget in the Ministry of Budget and National Planning, Ben Akabueze, declared on Wednesday.(Source:Punch)

 

Reps want looters of Nigeria Airways N60bn prosecuted: The House of Representatives on Wednesday called for the prosecution of persons who were indicted for looting the finances and property of the defunct Nigeria Airways.(Source:Punch)

 

Nigerians expect naira to appreciate, says CBN: The Central Bank of Nigeria has said majority of consumers surveyed by it expect the nation’s currency to appreciate in the next 12 months.(Source:Punch)

 

Discos, renewable energy firms sign MoU on mini-grids: Power distribution companies are entering into partnerships with renewable energy firms for the development of mini-grids to boost the supply of electricity in Nigeria.(Source:Punch)


Emefiele: Forex Restriction on 41 Items Saved Nigeria’s Economy: The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, wednesday reiterated that the bank’s restriction of foreign exchange access to 41 import items, three years ago, was in national interest, explaining that it helped to save the economy from collapse.(Source:Thisday)

 

Sterling Bank’s N8.2bn Profit After Tax Excites Shareholders: Some shareholders of Sterling Bank Plc have expressed excitement over the 39 per cent profit growth for the nine months ended September 30, 2018, recorded by the financial institution, saying it will translates to higher dividends at the end of the year.(Source:Thisday)

 

Guinness Nigeria declares N4.03b dividends: Guinness Nigeria Plc has declared a dividend of N4.03 billion. This follows the approval by the company’s shareholders at its 68th Annual General Meeting (AGM)  in Abuja yesterday.(Source:The Nation)


Nigeria, Japan trade volume declined to $1.104bn in 2017 – JETRO: The volume of trade between Nigeria and Japan declined to $1.104 billion in 2017, against $4.5 billion it recorded in 2015, Japan External Trade Organisation (JETRO) has said.(Source:Daily Trust)

 

Nigerians spend $8bn annually on importation of vehicles – Osinbajo: Vice President Yemi Osinbajo has said that Nigerians spends $8 billion importing vehicles annually while also using the same money to create jobs for foreigners overseas.(Source:Daily Trust)



Reporting for EasyKobo on Thursday ,25 October 2018 in Lagos, Nigeria

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