Archives - June 2018

  NNPC underpayment: Adeosun asks Buhari, govs to act Late budget passage erodes 13% of GDP — LCCI Nigeria’s solid mineral revenue hits N262b in nine years NCC withdraws 36 million redundant lines BOA disburses N42bn to farmers, creates 1.2m jobs nationwide CBN set to issue guidelines to regulate FinTechs NNPC Has Questions to Answer …

  AMCON recovers N731bn from bank debtors in seven years Nigeria targets 30% renewable energy by 2030, partners India Revenue from car importation drops by 20% — NPA Nigeria, Germany explore new opportunities to strengthen economic ties NASME, NASSI fault proposed 5% tax-cut for MSMEs Nigeria may lose over $561.2m, N334.2m to petrol import rebate …

  Nigeria’s debt rises to N22.7tn —DMO Buhari, Nigerien President to sign refinery construction pact Naira up to N361.18 /$ as CBN injects $210m NNPC to begin refineries’ maintenance by Dec – Kachikwu N6bn inappropriate loan: NERC suspends Ibadan DisCo mgt staff ‘Farmers earned N73.24bn from agric exports in three months’ Global shares edge up, …

  NNPC repairs pipeline, power generation increases by 1,304MW Auditors to get N8.7bn for recovering N58bn into Federation Account PenCom approves N1.8bn for enbloc, foreigners’ pension Lagos, Edo top states with highest airfares in May – NBS Fed Govt to build 94 ranches in 10 states Maritime stakeholders task government on import, export reforms Stocks …

  Revenue generation, key weakness for Nigeria – Moody’s 10,291 manufacturing jobs lost in 2017 – MAN Kachikwu Directs NNPC, Shell to Start $10bn Bonga South West Project Tuesday BIP implementation pushes raw materials utilisation to 65.7% Afreximbank plans $1b for trade, infrastructure ‘95.28 billion litres of petroleum products imported in four years’ Trade war …

  FG to provide N37bn for private meter providers Nigeria spends N190b on petrol subsidy in one year Government in talks with IOCs over $21b losses, says NNPC Ghana, others to import fuel from Dangote’s refinery Nigeria’s oil exports to fall to 2018 low in July Stocks creep higher, dollar retreats after U.S.- North Korea …

  External reserves fall by $169m in six days CBN set to begin Chinese currency sale FG Seeks Improved Investment from European Businesses Nigeria fails to review oil contract despite $21b loss NCC directs telecoms operators to start data rollover June 26 NLNG needs $12b to boost expansion Asian shares wobbly as risk sentiment sours, …

  Nigeria, China sign MoU on minerals’ exploration Manufacturers suffer N30bn revenue decline in three months NRC to begin haulage of petroleum products SEC Proposes Fiscal Incentives for Listed Firms to Deepen Market Participation Banks’ Borrowing from CBN Window Surges Shareholders caution May & Baker over proposed Rights Issue Oil steady as extra U.S. supply …