Top Financial News   

15 November 2018

Senate alleges fresh $1.15bn illegal withdrawals from NLNG accounts: The Senate says it has uncovered illegal withdrawals of $1,151,609bn from the dividends accounts of the Nigerian Liquefied Natural Gas by the Nigeria National Petroleum Corporation.(Source:Punch)


Local, international investors eye Arik, Aero: Many local and international investors are showing interest in investing in Arik Air and Aero Contractors, our correspondent has learnt.(Source:Punch)


Mobile money: CBN requests N5bn capital investment from telcos: The Central Bank of Nigeria has asked telecommunications companies that intend to deepen financial inclusion in the country through mobile money services to make a minimum capital deposit of N5bn.(Source:Punch)


Financial statements: NSE fines four firms N127.2m: The Nigerian Stock Exchange has fined four companies a total of N127.2m for failure to adhere to best corporate governance practices and refusal to submit their accounts and operational reports as and when due.(Source:Punch)


FG’s $2.86bn Eurobond oversubscribed by $6.6bn: The Federal Government on Wednesday night said it received a combined offer of over $9.5bn for its $2.86bn Eurobond.(Source:Punch)


Osun disburses N4.5bn to SMEs: Osun State Governor, Rauf Aregbesola says his administration has disbursed N4.5bn to 27,352 Small and Medium Enterprises to boost their businesses.(Source:Punch)

MTN Targets Mobile Banking Licence in Nigeria: MTN Group will apply for a mobile banking licence in Nigeria and plans to launch the service there next year.(Source:Thisday)


NECA Condemns Closure of Nigerian Breweries Offices: The decision of the National Lottery Regulatory Commission (NLRC) to shut down the offices and business premises of Nigeria Brewery Plc across the nation was unconstitutional, the Nigeria Employers’ Consultative Association (NECA) has stated.(Source:Thisday)


Stanbic IBTC Inaugurates Africa-China Banking Centre: In a move aimed at offering Nigerian and Chinese clients a business-to-business networking and personal advisory service and also help them to access and unlock opportunities in Nigeria-China trade, Stanbic IBTC Bank Plc has commissioned an Africa-China Banking Centre (ACBC) in Lagos.(Source:Thisday)


Natural gas to become largest energy source by 2030 — IEA: There are indications the world is fast moving into gas as major source of energy with a report by the International Energy Agency (IEA) saying that Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030.(Source:Vanguard)

Nigeria launches World’s 1st digital commodity market place: Nigeria has set a new global record as the world’s first fully digital, end-to-end blockchain based commodity trading and financing platform.(Source:Vanguard)


NNPC eyes over 14% market share of downstream oil sector: The Nigerian National Petroleum Corporation (NNPC) will control more than 14 per cent share of fuel supply in the country, its Group Managing Director, Dr Maikanti Baru, has said.(Source:The Nation)

Sahara Power, South Sudan partner for sector development: In keeping with its vision to ‘Light up Africa’, Sahara Power Group (SPG) has signed a Memorandum of Understanding (MoU) with the South Sudanese Ministry of Energy & Dams to develop the country’s power sector in the generation, transmission and distribution spaces.(Source:The Nation)

Reporting for EasyKobo on Thursday , 15 November 2018 in Lagos, Nigeria

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