Top Financial News   

16 November 2018


Counterfeit phones: NCC mulls device management system: The Nigerian Communications Commission is considering the deployment of device management system to tackle the use unapproved devices in networks across the country.(Source:Punch)

 

Trade Fair ends with exhibitors’ goods trapped in seaports: Some exhibitors at the just-concluded 2018 Lagos International Trade Fair have lamented their inability to evacuate their goods from the seaports in time to sell at the fair, due to the delays in clearing processes coupled with the lingering gridlock along Apapa Port access road.(Source:Punch)

 

Banks refund N66bn, $18m, others to displeased customers: Banks in the country have returned huge sums of money in different currencies to some disgruntled depositors after they(banks) were reported to the Central Bank of Nigeria for various irregularities.(Source:Punch)

 

Ten banks accounted for 87% of banking sector fraud — NDIC: Banks in the country have returned huge sums of money in different currencies to some disgruntled depositors after they(banks) were reported to the Central Bank of Nigeria for various irregularities.(Source:Punch)

 

Lagos-Ibadan rail: FG to demolish parts of Apapa port terminals: In a bid to ensure the extension of the Lagos-Ibadan rail line to Apapa seaport, the Minister of Transportation, Mr Rotimi Amaechi, has said parts of some terminals in the port will have to be demolished.(Source:Punch)

 

Airlines Allege Utterances By Govt Officials Threat to their Businesses: Airline operators have urged top government officials in the aviation sector to be mindful of their utterances, saying it is capable of hurting their business relationship with their international partners.(Source:Thisday)

 

Osibanjo Launches ‘TraderMoni’ in Three More Lagos Markets: The Vice President Yemi Osinbajo has launched the TraderMoni in three more markets in Lagos.(Source:Thisday)

 

Dana Air Celebrates 10th Anniversary: Dana Air has celebrated its 10th anniversary in Nigeria’s aviation industry with a strong commitment to continue to offer its guests the best of service hinged on safety and customer satisfaction.(Source:Thisday)

 

Naira depreciates to N362.5/$ in parallel market: The Naira, yesterday, depreciated to N362.5  in the parallel market.(Source:Vanguard)


SEC extends deadline for shareholding consolidation by one year: The Securities and Exchange Commission, SEC, has extended the deadline for consolidation of multiple accounts by one year to December 31, 2019 from the initial deadline.(Source:Vanguard)


Nigeria to become 2nd largest rice importer in 2019 — USDA:  The United States Department of Agriculture (USDA) has projected Nigeria to be the second largest rice importer come 2019.(Source:Vanguard)


Apprehension over N6.1trn loss to e-fraud as annual e-payment transactions hit N97tr: Experts have raised alarm over the threat of major fraud crisis in banks following N6.1 trillion losses to electronic fraud in Nigeria.(Source:Vanguard)


Reporting for EasyKobo on Friday , 16 November 2018 in Lagos, Nigeria

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