8th March 2019

MTN records 57% profit growth, to list on NSE June: MTN Group reported 56.8 per cent growth in profit before tax for the financial year ended December 2018 and confirmed its plans to list on the Nigerian Stock Exchange latest June this year.(Source:Punch)

Nigeria produced above OPEC oil quota in Feb – Report: Nigeria, Africa’s top oil producer, pumped more crude oil in February than the quota given by the Organisation of Petroleum Exporting Countries, a new survey has shown.(Source:Punch)

CBN, EFCC may bar culprits from opening bank accounts: Officials of the Central Bank of Nigeria and their counterparts in the Economic and Financial Crimes Commission met on Thursday, with the aim of strengthening the country’s fight against economic crimes.(Source:Punch)

CBN, NIPOST to kick off microfinance banking in seven locations: The Central Bank of Nigeria and the Nigerian Postal Service are set to kick off the establishment of a National Microfinance Bank with pilot projects in seven locations.(Source:Punch)

GenCos low remmittances inhibits NBET: The Nigerian Bulk Electricity Trading (NBET) Plc yesterday blamed its inability to meet its obligation to electricity generating companies (GenCos) on the low remmittances from the power firm which is  between 25 and 30 per cent.(Source:The Nation)

248,000 retirees earn N9.36b monthly pensions under CPS, says PenCom: Over 248,000 retirees have  begun reaping the benefits of the Contributory Pension Scheme (CPS), taking home over N9.360 billion pensions monthly, just as the pension industry has accumulated over N8.73 trillion worth of assets as at December 31, 2018.(Source:The Nation)

Vitafoam Nigeria assures of better returns: Shareholders of Vitafoam Nigeria Plc yesterday approved the payment of N260.51 million as cash dividend and a scrip dividend of one share for five shares as the directors of the company assured that it would sustain the current growth trajectory.(Source:The Nation)

Nigeria equity market extends negative outlook, down by 0.35%: The Nigerian Stock Exchange (NSE) extended negative outlook for the second consecutive days with crucial market indices dropping further by 0.35 per cent amid profit taking.(Source:Daily Trust)

PenCom directs PFAs to invest 60% of infrastructure fund locally: The National Pension Commission has directed Pension Fund Administrators (PFAs) to invest a minimum of 60 per cent of the infrastructure fund in projects within Nigeria.(Source:Daily Trust)

Ogoni clean up - Oil firms pay 42.1bn into Escrow account: International Oil Companies (IoCs) have so far contributed about $117 million (About 42.1bn) of the expected $200m into the London escrow account of the Standard Chartered Bank for the $1 billion Ogoni clean up.(Source:Daily Trust)

Witness in Shell-Eni Nigeria Trial Withdraws Graft Accusations: A retired Swiss oil executive who previously said he had knowledge of illicit dealings over a Nigerian oil block involving Royal Dutch Shell Plc and Eni SpA reversed his statements at a trial in Milan Wednesday.(Source:Bloomberg)

Reporting for EasyKobo on Friday , 08 March 2019 in Lagos, Nigeria