Top Financial News   

07 November 2018

Buhari endorses N30,000 minimum wage: President Muhammadu Buhari on Tuesday endorsed N30,000 as the new national minimum wage.(Source:Punch)

2019 budget: Buhari writes NASS, demands timely MTEF passage: President Muhammadu Buhari has transmitted the 2019-2021 Medium Term Expenditure Framework and Fiscal Strategy Paper to both chambers of the National Assembly for consideration and approval.(Source:Punch)


Undeclared crude: FG closes case in $110m suit against Agip: The Federal Government on Tuesday closed its case in the suit it filed to recover a sum of $110m from Nigeria Agip Oil Company Limited.(Source:Punch)


CBN plans framework to support remittance inflows: The Central Bank of Nigeria in collaboration with the African Institute for Remittances are fine-tuning strategies to conduct the first ever Remittances Household Survey for the country.(Source:Punch)


Senate probes NNPC over ‘diverted’$1bn NLNG dividend: The Senate has begun an investigation of the diversion of $1.05bn from the Nigerian Liquefied Natural Gas dividend account by the Nigerian National Petroleum Corporation.(Source:Punch)


Power distributors owe NBET N159bn in five months: Power distribution companies in the country failed to remit a total of N158.98bn to the Nigerian Bulk Electricity Trading Plc for the invoices given to them for electricity sold to them in the first five months of the year.(Source:Punch)

NDIC to meet depositors’ claims on failed microfinance, mortgage banks: The Nigerian Deposit Insurance Commission, NDIC, yesterday, said its deposit cover would hopefully meet depositors’ claims on failed microfinance banks, MfBs, and primary mortgage banks, PMBs.(Source:Vanguard)


Unity Bank sets to close foreign investor acquisition deal: There are indications that Unity Bank Plc may be close to signing a deal to finally have a foreign investor ownership, nearly one year after a failed attempt in that direction.(Source:Vanguard)


Ecobank offers zero fees on transfers with Rapidtransfer App: Ecobank Nigeria has introduced zero fees for all transfers done into Nigeria on its newly launched Rapid transfer app.(Source:Vanguard)


Reps: AMCON Amendment Bill coming: The Chairman, House of Representatives Committee on Banking and Currency, Hon. Jones Chukwudi Onyereri, said the House  will in the next one or two weeks present the Asset Management Corporation of Nigeria (AMCON) Amendment Bill before the House of Representatives.(Source:The Nation)


Financial inclusion: CBN to create non interest window: The Central Bank of Nigeria (CBN) has disclosed that it is working to create a non-interest window for the development financing interventions.(Source:Daily Trust)


FG uses IT to save N24.3bn monthly from ghost workers – Buhari: President Muhammadu Buhari, yesterday, said the Federal Government is saving N24.3bn monthly as a result of public financial management reforms embarked upon by his administration.(Source:Daily Trust)

Reporting for EasyKobo on Wednesday , 07 November 2018 in Lagos, Nigeria

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