Top Financial News   

04 December 2018

FG recorded N66.51bn deficit in October – CBN:  The Federal Government’s collected revenue fell by 38.4 per cent in October, and it recorded a deficit of N66.51bn within same period.(Source:Punch)


FG goes to London Stock Exchange with mining opportunities: Nigeria’s mining industry is full of fresh opportunities for both foreign and local investors, the Federal Government has said.(Source:Punch)


SEC launches guidelines on green bonds issuance: SEC said it partnered the FMDQ OTC Securities Exchange and the Financial Sector Deepening Africa on the green bonds market development programme to support the development of a non-sovereign green bond market in Nigeria.(Source:Punch)


Forget oil marketers’ threat, there’s sufficient petrol — NNPC: The Nigerian National Petroleum Corporation on Monday said that Nigeria will not encounter a scarcity of Premium Motor Spirit, popularly known as petrol, this season regardless of the recent threat and ultimatum by oil marketers.(Source:Punch)


Subsidy debt payment delay will affect fuel loading – DAPPMAN: The Depot and Petroleum Products Marketers Association has said the delay of the payment of outstanding subsidy debts owed to marketers by the Federal Government, will affect loading of petroleum products at depots.(Source:Punch)


MTN/Attorney General case stalls over judge’s absence: The MTN Nigeria and the Attorney General of the Federation case over a $2bn tax demand has been adjourned to February 7, 2019 as the presiding judge, Justice Saliu Saidu, was away on administrative leave.(Source:Punch)


More airports to get international certification in 2019 – FAAN: Following the certification of the Murtala Muhammed International Airport, Lagos and the Nnamdi Azikiwe International Airport, Abuja, more airports are set to be certified in 2019 by the Nigerian Civil Aviation Authority in line with the International Civil Aviation Organisation safety standards.(Source:Punch)

Dangote Harps on Diversification for Sustainable Economic Growth: The President of the Dangote Group, Aliko Dangote, has stated that the current efforts of the federal government at diversifying the economy remains the viable solution to creating a healthy economy.(Source:Thisdau)


Power Sector Losses N487bn in 11 Months: Data from the Office of Vice President, Prof. Yemi Osinabajo, indicated that between January 1 and November 30, 2018, Nigeria’s privatised power sector lost a total of N487.504 billion revenues due to constraints which included shortage of gas; grid unreliability and distribution limitations.(Source:Thisdau)


NNPC Initiates Measures to End Scarcity of LPG: The Nigerian National Petroleum Corporation (NNPC) has said it is committed to growing local consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, with improved supply program for the domestic market.(Source:Thisdau)


Qatar to quit OPEC in Jan, focus on gas exports: Qatar, the world’s top Liquefied Natural Gas (LNG) exporter, on Monday, said it was quitting the Organisation of Petroleum Exporting Countries (OPEC) from January, 2019, but will attend the oil exporter group’s meeting this week.(Source:Thisdau)

FG targets 40MW by Feb 2019 as Kashimbilla hydro plant hits 100% completion: The Kashimbilla Hydropower Plant in Taraba State is 100 per cent complete and will commence generating about 40 megawatts (MW) of electricity by February, 2019, to the national grid, the Federal Government has said.(Source:Daily Trust)


Senate commences investigation into N23bn failed road project: The Chairman of the committee, Sen. Kabiru Gaya, made this known in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.(Source:Daily Trust)

Oil rises two per cent on US, China trade truce:  Oil prices jumped yesterday after the United States (U.S.) and China agreed a 90-day truce in a trade dispute, Canada’s Alberta province ordered a production cut, and as exporter group Organisation of Petroleum Exporting Countries (OPEC) looked set to reduce supply.(Source:The Nation)

Reporting for EasyKobo on Tuesday , 04 December 2018 in Lagos, Nigeria

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