Nigeria Records Stable Oil Production Level of 2.3mbpd

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru yesterday stated that the corporation as at June 2019 recorded 2.3 million barrels per day of crude oil production. Baru also disclosed that the corporation attracted $3.6 billion. Click here for more.

EU Invests N53.9bn In Nigeria’s Power Sector

The European Union on Tuesday announced that it had committed over €156.3m (N53.9bn at N344.88 to one euro) in different financing instruments in Nigeria’s power sector. It, however, regretted that the country’s power sector was losing N1.3bn daily despite efforts by stakeholders to address the challenges in the industry. Click here for more.

Investors Lose N51.79bn As Market Sentiment Turns Negative; NSEASI Dips By – 0.39%

Equities market closed yesterday on a negative note, as NSEASI depreciated by 0.39% to close at 29,818.80 points as against 0.37% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -5.13%. Click here for more.

NSE Identifies Lafarge, Conoil, 32 Others As Companies That Fell Short of Minimum Listing Standard

The Nigerian Stock Exchange, in its latest X-Compliance Report of June 14, 2019, has identified thirty-four (34) companies that fell short of the minimum listing standards in terms of timely disclosure of their audited annual financial statements. Click here for more.

SEC Grants Final Approval For Lagos Commodity Exchange

The Securities and Exchange Commission (SEC) has finally approved the application from Lagos Commodity and Futures Exchange, LCFE, for the commencement of commodities and futures trading. The LCFE is promoted by the Association of Securities Dealing Houses of Nigeria (ASHON). Click here for more.

The Federal Government is set to auction fresh N100 billion bonds

The Federal Government has offered for subscriptions another N100 billion bonds. According to a circular made available to the public, the Debt Management Office (DMO) disclosed that it has been authorised to receive applications for the bonds subscription. Click here for more.

Airtel Nigeria files application for listing on NSE

Airtel Nigeria has officially filed an application with the Securities and Exchange Commission for the listing of its shares on the Nigerian Stock Exchange. It was gathered from top sources at the commission on Tuesday that the telecom company’s application was filed two weeks ago. Click here for more.

Tribunal rules your voluntary pension contribution is tax deductible but

Reports from KPMG indicates the Tax Appeal Tribunal has ruled that the Voluntary Pension Contribution “VPC” is tax deductible. This means those who contribute pension from their salaries, outside of the statutory 8% can withdraw it without having to pay any additional tax. Click here for more.

Group faults Oando’s claim of unfair treatment

The Consolidated Capital Market Stakeholders Forum (CCMSF), has taken a swipe at insinuations that the Securities and Exchange Commission (SEC), was unfair to Oando Plc in the report of the forensic audit recently released. Click here for more.

Huawei Has 56,492 Patents and It’s Not Afraid to Use Them

As Huawei Technologies Co. comes under unrelenting pressure from the Trump administration, the Chinese telecom giant has one advantage that the U.S. can’t undermine: a vast, global portfolio of patents on critical technology. Click here for more.