Top Financial News   

26 October 2018

Reps panel asks SEC to take over Capital Oil: A sub-committee of the House of Representatives on Capital Market and Institutions on Thursday asked the Securities and Exchange Commission to take over Capital Oil Plc for allegedly defrauding shareholders of more than N5bn.(Source:Punch)


FG, states, LGs record N43bn shortfall in allocation: The Federation Account Allocation Committee on Thursday night distributed N698.71bn to the three tiers of government as September allocation.(Source:Punch)


Manufacturers, others get N171bn BoI loans in nine months: Between January and September this year, a total of N171bn was disbursed by the Bank of Industry as loans to various sectors of the economy.(Source:Punch)


We haven’t been paid since June, power producers lament: Electricity generation companies under the aegis of the Association of Power Generation Companies have said they have not been paid since June for power produced, sold and put on the national grid.(Source:Punch)

Nigerian Breweries Records N15bn Profit, To Pay 60k Interim Dividend: Leading brewery firm, Nigerian Breweries Plc yesterday announced an interim dividend of 60 kobo for the nine months ended September 30, 2018. The dividend announcement followed the release of the company’s nine months results, which showed a decline in top and bottom-lines.(Source:Thisday)


Fidelity Bank’s Nine-month Profit Soars to N20 Billion: Fidelity Bank Plc has posted an impressive financial performance for the third quarter (Q3) of 2018, just as the commercial bank is on course to finishing strong in the current financial year.(Source:Thisday)


Amosun: Only Eight States Can Afford New Minimum Wage: Ogun State Governor, Senator Ibikunle Amosun, thursday said with the dwindling allocation state governments received from the federal government, only eight governors would be able to implement the proposed new national minimum wage.(Source:Thisday)


FG records N26.92bn shortfall in bond auction: The Federal Government, through the Debt Management Office, DMO, has recorded a N26.92 billion or 30.5 percent short fall from its targeted proceeds of N115 billion bond auction, which was part of moves to finance the 2018 budget. (Source:Vanguard)


Removal of VAT to make domestic air fares more affordable — Buhari: The recent decision by the Federal Government to remove Value Added Tax (VAT) from domestic air transportation is to make air travel more affordable to citizens (Source:Vanguard)

Total, Nestle lift trading on NSE: Trading closed on positive note on the Nigerian Stock Exchange (NSE) on Thursday, with some highly capitalised stocks recording price appreciation. (Source:Daily Trust)

Reporting for EasyKobo on Friday ,26 October 2018 in Lagos, Nigeria

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