#Economy: CBN to Mop up N310bn through Treasury Bills
The Central Bank of Nigeria (CBN)
will this week mop up N310 billion through sales of treasury bills. Meanwhile,
Demand for Nigeria’s Eurobond on the London Stock Exchange (LSE) persisted last
week translating to price appreciation across tenors.
Published by the Guardian Newspaper on Monday, February 27, 2017
#Investment: Banks’ Stocks Account for N1.5trn Investment
Despite sustained negative impacts
of economy headwind on the banking industry, banking sector index has led
performance in the Nigerian Stock Exchange, NSE , accounting for N1.484
trillion or 9.3 per cent of total investment value on the NSE from Year to
Date, YtD.
Published by the Guardian Newspaper on Monday, February 27, 2017
#IndustryPulse: FG Appoints Sanusi, Oyo-Ita, Others New Directors for NCAA
The Federal Government on Monday appointed
five new Directors and one General Manager for the Nigerian Civil Aviation
Authority (NCAA). NCAA made the announcement in a statement by its General
Manager, Public Affairs, Mr Sam Adurogboye, in Lagos.
Published by the Guardian Newspaper on Monday, February 27, 2017
#Economy: UK To Strengthen Economic Relations with Nigeria – John Howell
The UK Prime Minister’s Trade Envoy
to Nigeria John Howell on Monday said UK would strengthen and
promote its existing relations with Nigeria and also assist the country to
achieve its huge economic potential.
Published by the Guardian Newspaper on Monday, February 27, 2017
#StakeholdersAction: Nasarawa Deputy Gov. Decries Poor Reportage of Governments Achievement by Reporters
Mr Silas Agara, the Deputy Governor
of Nasarawa State, has advised newsmen to focus more on developmental
journalism to help Nigeria’s search for a diversified economy.
Published by the Guardian Newspaper on Monday, February 27, 2017
#StakeholdersAction: Lagos IPMAN Threatens Two-Week Strike Over Extortion by DPR
Independent Petroleum Marketers
Association of Nigeria (IPMAN) has threatened two weeks warning strike over
Depot owners exorbitant prices of fuel products and extortions by Department of
Petroleum Resources’ (DPR).
Published by the Guardian Newspaper on Monday, February 27, 2017
#Economy: FG To Enforce Buying Of ‘Made In Nigeria’ Products
The Federal Government says it has
put plans in motion to enforce the buying of Nigerian products by government
agencies. The Minister of Information, Culture and Tourism, Alhaji Lai
Mohammed, said that the Act establishing the Bureau of Public Procurements
would be reviewed to enforce the buying of Nigerian products which would, in turn,
boost the economy.
Published by the Punch Newspaper on Tuesday, February 28, 2017
#Economy: Naira Appreciates Further, Sells at N425/Dollar in Parallel
Market
The naira continued to regain
strength and appreciate in value in the parallel market on Tuesday as
it was sold for N425 to a dollar. However, it was N450 to a dollar at the close
of transactions on Monday.
Published by the Punch Newspaper on Tuesday, February 28, 2017
#IndustryPulse: Ban on Okada, Keke Will Affect Nigeria’s Economy – Amaechi
The Minister of Transportation,
Rotimi Amaechi, has said that motorcycles and tricycles should not be banned
nationwide because doing so would affect the nation’s economy negatively.
Published by the Punch Newspaper on Tuesday, February 28, 2017
#IndustryPulse: Lagos Beefs Up Security in Epe
Governor Akinwunmi Ambode on
Tuesday assured farmers in the state, especially in Epe axis, of adequate
measures to protect them against incessant kidnappings. The governor vowed to
pursue vigorously and sustain the renewed enforcement of the ban on commercial
motorcycles popularly called Okada plying restricted routes.
Published by the Punch Newspaper on Tuesday, February 28, 2017
#Agric: Dangote Tomato Signs Deal with Farmers in Sokoto, Gombe
The Dangote Tomato Processing
Company, Kadawa, Kano state has concluded arrangement to purchase fresh
tomatoes from farmers in Gombe and Sokoto States. The company had already
signed an agreement with Tomato Growers Association for the procurement of the
commodity from the two states.
Published by the Punch Newspaper on Tuesday, February 28, 2017
#Agric: AfDB to Inaugurate $850m Agric Transformation Programme
The African Development Bank will
launch an $850m agriculture programme to transform the sector and reduce food
imports in Africa. The Director of Agriculture in the bank, Dr Chiji Ojukwu,
said, on the sideline of the International Conference on Wheat in Abuja on
Tuesday, that the project, to be called Technology for African Agricultural
Transformation, would ensure the generation, sustainable dissemination and
adoption of agricultural technologies and innovations.
Published by the Punch Newspaper on Tuesday, February 28, 2017
#IndustryPulse: Buhari Approves New Investment Model For NNPC’s
Refineries
The Nigerian National Petroleum
Corporation (NNPC) on Wednesday disclosed that President Muhammadu Buhari has
approved its implementation of a new commercial model that would lead to
investors’ interest in the restoration of the efficiency levels of its refineries
in Port Harcourt, Warri and Kaduna.
Published on This Day Newspaper on Wednesday, March 1, 2017
#Agric: Bauchi Committed To Agricultural Development, Says Gov
Bauchi State Governor Mohammed
Abdullahi Abubakar has reiterated the state government’s commitment to the
development of agriculture to fight poverty, hunger and unemployment.
Published on This Day Newspaper on Wednesday, March 1, 2017
#MSMEs: BOI, Benue Govt Increase SME Funding To N4bn
The Benue State Government and the
Bank of Industry (BoI) have agreed to increase the base lending fund to small
medium enterprises (SMEs) to N4billion in order to spur rapid economic
development in the state. The federal government has been advised to implement
policies that would help strengthen domestic production of goods and services.
Published on This Day Newspaper on Wednesday, March 1, 2017
#IndustryPulse: Dangote Ends Nigeria’s Dependence on Imported Cement
Having ramped up cement output from
its factories within Nigeria to nearly 30 million tonnes per annum, the Dangote
Group on Tuesday announced that it had officially ended the nation dependence
on imported cement.
The company also hinted that it exported 400,000 tonnes of the product to other nations in 2016.
The company also hinted that it exported 400,000 tonnes of the product to other nations in 2016.
Published on This Day Newspaper on Wednesday, March 1, 2017
#Power: Eko Disco to Install 11,000 Pre-Paid Meters in Festac Town
Eko Electricity Distribution
Company (EKEDC) said it would install additional 11,000 pre-paid meters to
customers in Festac Town, Lagos, to end estimation billing in the area.
Published by the Punch Newspaper on Thursday March 2, 2017
#Health: WHO Lists Bacteria That Need New Antibiotics To Treat
The World Health Organisation has
published its first ever list of antibiotic-resistant “priority pathogens” – a
catalogue of 12 families of bacteria that pose the greatest threat to human
health.
Published by the Punch Newspaper on Thursday March 2, 2017
#Economy: FG Records N1tn Revenue Loss In 2016
The National Assembly, on
Thursday, scored the Federal Government low on the performance of the capital
expenditure in the 2016 budget. The Federal Government, however, blamed the
shortage on revenue shortfall. It said while the total revenue target was
N1.506tn, only N398bn had so far been generated in the 2016 fiscal year, with a
revenue shortfall of about N1.15tn.
Published by the Punch Newspaper on Thursday March 2, 2017
#StakeholdersAction: ASUU Threatens Strike Over Payment Shortfall
The Academic Staff Union of
Universities, University of Ibadan chapter, on Friday said it would embark on
an industrial action if the shortfall in the payment of salaries and allowances
of its members continued.
Published by the Punch Newspaper on Thursday March 2, 2017
#Business: MTN Targets 8.3 Million New Users
South Africa’s MTN expects to add
8.3 million new users in the 2017 financial year, a document handed out at the
firm’s results presentation showed on Thursday. MTN reported that its
subscribers increased by 3.3 per cent or 7.7 million to 240 million in the year
to ended December.
Published by the Punch Newspaper on Thursday March 2, 2017
#IndustryPulse: World Food Prices Rise Slightly In February – FAO
World food prices rose slightly in
February, boosted in particular by cereals, the United Nations food agency said
on Thursday. The Food and Agriculture Organization’s food price index, which
measures monthly changes for a basket of cereals, oilseeds, dairy products,
meat and sugar, averaged 175.5 points in February, up 0.5 percent from January
levels.
Published by the Punch Newspaper on Thursday March 2, 2017
#Power: IBEDC Restores Electricity to 52 Communities
Ibadan Electricity Distribution
Company said it invested over N120m to replace a faulty 15 MVA transformer in
Odigbo Ota in Ogun State that enabled it to restore electricity to 52
communities.
Published by the Punch Newspaper on Thursday March 2, 2017
#Oil: Investments in Gas, LNG Declining – NLNG MD
The Managing Director of the
Nigerian LNG Limited, Mr. Tony Attah, has said investments in gas and the
Liquefied Natural Gas are declining, and the proposed amendment to the NLNG Act
poses further threat.
Published by the Punch Newspaper on Thursday March 2, 2017
#Economy: FG Seeks Increased Flow of Foreign Investment
The federal government has stated
that it is working towards increased foreign direct investments ( FDIs) in flow
in the country, noting that with the current state of the economy, all hands
are on deck to seek areas where Nigeria can attract the much needed foreign
exchange to carry out developmental projects for economic prosperity and
sustainability.
Published by This Day Newspaper on Friday, March 3, 2017
#Awards: GTBank Wins Six EPIS Awards
Guaranty Trust Bank Plc (GTBank)
said it reaffirmed its position as Nigeria’s leading financial institution on
e-payments with its emergence as a multiple award winner during the 2017
Electronic Payment Incentive Scheme (EPIS) awards organised by the Central Bank
of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS) recently.
Published by This Day Newspaper on Friday, March 3, 2017
#Infrastructure: NCC, Telecoms Firms Collaborate In Rebuilding Facilities
Lost To Boko Haram Insurgency in N’East
The National Communications
Commission (NCC) is working with telecommunications firms to rebuild facilities
worth billions of naira lost to Boko Haram insurgency in the North-east. One of
the major facilities attacked by the insurgents in a siege that lasted about
five years in parts of Borno, Adamawa and Yobe States were telecommunications
facilities leading to the loss of signal in many areas.
Published by This Day Newspaper on Friday, March 3, 2017
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