N30,000 minimum wage: NLC chapters set to write govs on implementation

There are strong indications that the state chapters of the Nigeria Labour Congress will as from May 1 begin talks with their state governments on the implementation of the N30,000 minimum wage recently approved by President Muhammadu Buhari. Click here for more.

Kachikwu supports extension of OPEC production cut for six months

Nigerian Minister of State for Petroleum Resources, Emmanuel Ibeh Kachikwu, has said the country is in support of a six-month extension of the current quota restriction on oil production by OPEC and its allies. OPEC would maintain production quotas after June if other suppliers boost output and the market remained as it was. Click here for more.

Nigeria Loses $29.3b Yearly To Erratic Power Supply

The Executive Secretary, Association of Power Generation Companies (APGC), Joy Ogaji, in an emailed response to questions,  urged the Transmission Company of Nigeria (TCN) to upgrade its network to absorb the 8,000megawatts (Mw) capacity of the GenCos. Click here for more.

NNPC Wooing European Refineries to Bridge Supply Gap – Baru

The Group Managing Director, Nigerian National Petroleum Corporation, Dr Maikanti Baru, says the corporation plans to bridge the gap of petroleum products supply in the country. Click here for more.

Investors Lose N123.70bn WoW As NSEASI Dips By -1.15% To Close The Week Negative

Equities market closed Friday on a negative note, as NSEASI depreciated by -0.60% to close at 29,740.41 points as against 0.07% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -5.38%. Click here for more.

NASD OTC Market CAP Increased By 2.58% WoW To Close At N546.15bn

As at close of trade week on 26 April 2019, market Capitalisation increased to₦546.15 billion As at close of trade week on 26 April 2019, market Capitalisation increased to₦546.15 billion from last week’s previous ₦532.39 billion, which shows a 2.58% increase in Capitalisation. Click here for more.

CBN Introduces Special Intervention Fund For MFBs

The Central Bank of Nigeria (CBN) has introduced a special intervention fund for microfinance banks (MFBs) in the country, even as it assured that it will soon issue a new MFB policy. Click here for more.

Apex bank to unveil frameworks on clean, fit bank notes

The Central Bank of Nigeria (CBN) would be taking its campaign for clean and fit banknotes a notch higher with the launch of the Clean Note Policy and Banknote Fitness Guidelines. The documents would be unveiled by CBN Governor, Godwin Emefiele, in Lagos, tomorrow at Eko Hotel & Suite, Victoria Island, in consort with key industry stakeholders. Click here for more.

SEC to align master plan with economic realities

The Securities and Exchange Commission has revealed plans to align its 10-year Capital Market Master Plan with current economic realities as well as ensure the planned review is concluded in record time. The acting Director-General, SEC, Ms Mary Uduk, said this during a meeting with stakeholders in the capital market in Abuja. Click here for more.

Manufacturing Index Rises Further in April

The Manufacturing Purchasing Manager’s Index (PMI) in the month of April, stood at 57.7 index points, indicating expansion in the manufacturing sector for the 25th consecutive month. The index grew at a faster rate when compared to the index in the previous month. Click here for more.

Multi-fund structure will give workers better investment returns – Expert

An Actuarial scientist and Chartered insurer, Dr Pius Apere, has said that the multi-fund structure that was introduced in the management of pension funds will give workers better returns. Click here for more.

Bank Of Agriculture Eyes N200billion Capital Base 

The Bank of Agriculture (BoA) plans to raise N200billion capital through public funding, Managing Director, Lead Capital Consortium, Dr Wale Adeoye, said at the weekend. Click here for more.