Top Financial News   

08 November 2018

NNPC oil, gas export sale rises to $470m: The Nigerian National Petroleum Corporation on Wednesday announced that its crude oil and gas export sale in August 2018 was $470m, indicating an upsurge of about $78m in comparison to July oil and gas export figures of $391.91m.(Source:Punch)


MTN, Nigeria’s $10bn dispute risk to South Africa’s financial system – Bank: MTN Group’s dispute with Nigerian authorities over $10bn in repatriated funds and back taxes could increase risk in South Africa’s financial system depending on the outcome, the South African Reserve Bank said.(Source:Punch)


Rains wreaked havoc on refinery site — Dangote: The President, Dangote Industries Limited, Aliko Dangote, has said the raining season this year caused devastating damage on his refinery project site.(Source:Punch)


Refineries’ upgrade suffers delay, NNPC records N68bn loss: The proposed rehabilitation of the nation’s ailing refineries has suffered delays as the third-party financiers for the project have yet to be announced, more than a year after the Nigerian National Petroleum Corporation said 28 firms had expressed interest in its financing.(Source:Punch)


BUA plans reduction in cement prices across Nigeria: The Management of BUA Cement has said the firm is working towards reducing the price of its product (BUA cement) across the country.(Source:Punch)


Glo, 9mobile subscribers record drop calls in over 10 states: Subscribers of two of the major network operators in Nigeria, Globacom and 9mobile, recorded high dropped calls rate in more than 10 states in June 2018.(Source:Punch)

BPE Announces Public Offer of 406,074,000 SAHCO’s Shares: The Bureau of Public Enterprises (BPE) has disclosed that the public offer of 406,074,000 ordinary shares of Skyway Aviation Handling Company (SAHCO) Plc opens on November 12, 2018 through December 19, 2018.(Source:Thisday)


Trouble Ahead as FG Says Buhari Yet to Decide on Minimum Wage: Relief felt by Nigerians following the agreement among organised labour, organised private sector and the federal government over the new minimum wage dispute, which averted last Tuesday’s scheduled nationwide strike might turn to despair as the federal government said yesterday that President Muhammadu Buhari was yet to accept the recommendation of the National Minimum Wage Committee, which recommended N30,000 as the nation’s least pay cheque.(Source:Thisday)


Kachikwu: Nigeria’s Oil Output Hits 2.2mbpd Early 2019: Nigeria’s oil production is set for a timely boost, climbing to around 2.2 million barrels per day (mbd) by early 2019 with the start-up of the giant 200,000 barrels per day (bd) Egina field, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said.(Source:Thisday)


CBN Warns on Emerging Threats in Banking System: The Central Bank of Nigeria (CBN) has warned commercial banks to guard against emerging risks in the financial system, saying the sector’s resilience appears to be receding.(Source:Thisday)


Oil price slide enters 5th week, now $71.68 p/b: There was tension in oil producing and exporting nations, including Nigeria, yesterday as the price of crude oil slipped further to $71.68 per barrel, about 0.45 or 0.62 per cent down from $72.13 recorded the previous day in the international market. This development puts the price trend on the fifth consecutive week of decline.(Source:Vanguard)


CBN extends uniform bank account number to OFIs: The Central Bank of Nigeria (CBN) has extended the Nigerian Uniform Bank Account Number (NUBAN) scheme meant for banks to Other Financial Institutions (OFIs).(Source:Vanguard)

Reporting for EasyKobo on Thursday , 08 November 2018 in Lagos, Nigeria

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