Top Financial News   

21 November 2018

 

Nigeria to benefit from AfDB’s $120m agric support cash: Nigeria is among African countries that would benefit from a $120 million African Development Bank (AfDB) Technologies for African Agricultural Transformation (TAAT) project.(Source:The Nation)


Lagos Commodities Exchange awaits regulatory approval:The Lagos Commodities and Futures Exchange (LCFE) has concluded arrangements to launch its operations as soon as it receives regulatory approval from the Securities and Exchange Commission (SEC).(Source:The Nation)


Budget minister seeks investment in nutrition: The Minister of Budget and National Planning, Udoma Udo Udoma has called for new investments in nutrition and food security in the country.(Source:The Nation)

 

Senate mulls laws to encourage new listings:The Senate plans to make laws that will encourage listing of companies on the Nigerian stock market.(Source:The Nation)

 

SEC wants govt companies listed on NSE: The Securities and Exchange Commission has said it wants government-owned companies to be listed on the Nigerian Stock Exchange.(Source:Punch)

 

Experts to examine road transport, auto industry challenges: Experts are set to examine the challenges facing the nation’s road transportation business and the automotive industry, with a view to proffering solutions.(Source:Punch)

 

Emmanuel seeks completion of Ibom Deep Seaport before May, 29: The Akwa Ibom state governor, Mr Udom Emmanuel, has pledged to complete the Ibom Deep seaport project before the May 29 terminal date of his administration.(Source:Punch)

 

JCDecaux enters the Nigerian market: JCDecaux S.A. (Euronext Paris: DEC), the number one outdoor advertising company worldwide, has entered the Nigerian market in partnership with Grace Lake Partners (GLP), an indigenous investment and advisory firm based in Lagos, Nigeria, with a philosophy of creating shared value.(Source:Vanguard)


New insurance intermediaries emerge for state govts’ businesses: The Nigerian insurance industry will from January 1st 2019 witness the emergence of a new set of players called State Insurance Producer (SIP), licensed to act as intermediaries for state government insurances.(Source:Vanguard)


Sniper beans’ could jeorpardise lift of EU ban on Nigerian beans — NAQS: The Nigerian Agricultural Quarantine Service, NAQS, yesterday, expressed fear over the use of Sniper in the preservation of beans, explaining that it would hinder the lifting of ban on Nigeria’s beans.(Source:Vanguard)


Six Hydro power generation assets for concessioning — FG: The Minister of Power, Works & Housing, Mr. Babatunde Fashola, yesterday, said that the Federal Government has concluded plans to concession six hydro dams to private operators under the build, operate, and transfer (BOT) initiative.(Source:Vanguard)


Nigeria’s oil output drops, as rig count rises: Nigeria’s rig count - a standard yardstick used in measuring a nation’s activeness in exploration and production of crude oil and gas —  for the month of October, 2018 increased to 34 from 33 recorded in the previous month, data from the Organisation of Petroleum Exporting Countries, OPEC, have showed.(Source:Vanguard)


FG Decries Huge Loses to Illegal Mining Seriki Adinoyi in Jos: The federal government has lamented the activities of illegal miners across the country. It noted that 80 per cent of mining activities in Nigeria are illegal, causing the country to lose billions of Nigeria annually and greatly constraining the contribution of the sector to the Gross Domestic Product (GDP).(Source:Thisday)


Reporting for EasyKobo on Wednesday , 21 November 2018 in Lagos, Nigeria


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