Top Financial News   

01 November 2018

Senate condemns FG for non-payment of fuel subsidy claims: The Senate has condemned the Federal Government for not paying the subsidy claims by petroleum product marketers despite approval by the National Assembly since July.(Source:Punch)


Kaduna refinery stays dormant as NNPC loses N10.96bn: The Kaduna Refining and Petrochemical Company, one of the country’s crude oil refineries being managed by the Nigerian National Petroleum Corporation, has remained dormant.(Source:Punch)


Profit-taking pushes stock market lower, 30 firms lose: The market capitalisation of equities listed on the Nigerian Stock Exchange dropped by N156bn due to profit-taking in large cap stocks.(Source:Punch)

FG shifts burden of TSA transaction cost to payers: The Federal government has  decided to shift the burden of the one percent service charge for payments into the Treasury Single Account (TSA) to payers.(Source:Vanguard)


FRC set to release new audit regulation rules: The Financial Reporting Council is set to introduce new rules on audit regulation in the country.(Source:Vanguard)


Minimum wage: FG, Labour tackle state governors: The Federal Government and organised labour  yesterday rejected the N22,500 minimum wage proposal put forward by the Nigeria Governors Forum, NGF.(Source:Vanguard)


Nigeria’s Manufacturing Index Expands in 19th Consecutive Month: The Central Bank of Nigeria’s (CBN) Manufacturing Purchasing Managers’ Index (PMI) expanded to 56.8 points in October.(Source:Thisday)


W’Bank Forecasts Oil Prices to Average $74 in 2019: The World Bank has predicted that oil prices will average $74 a barrel in 2019, marginally up from its projected average of $72 a barrel in 2018.(Source:Thisday)

Reporting for EasyKobo on Thursday ,1 November 2018 in Lagos, Nigeria

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