APC wins Lagos, Ogun, Kwara, PDP takes Oyo, Akwa Ibom, Ebonyi
The Independent National Electoral Commission on Sunday started the announcement of the results of governorship and state Houses of Assembly elections held in the country on Saturday.

The results released so far revealed some surprises and upsets across the country. For instance, the ruling All Progressives Congress in Oyo State lost the governorship poll to the Peoples Democratic Party. Click here for more.

Buhari targets quick win with gas flare commercialisation programme
President Muhammadu Buhari would have helped himself to a quick win, in a broad push to step up the pace of economic reforms in his second term, when the Nigerian Gas Flare Commercialisation Programme (NGFCP) reaches its final execution point this year.
Click here for more.

Indigenous Importers May Abandon Nigerian Ports Over High Charges
There are strong indications that indigenous importers may abandon the country’s seaports over excessive port charges. This is despite the 50% reduction on the proposed registration fee by the Nigeria Shipper’s Council (NSC) on importers and other operators at the ports.
Click here for more.

Arbitration Tribunal Awards FG $1.69bn over Dispute on Brass, Forcados Assets
An Arbitral Tribunal sitting at the Lagos Court of Arbitration has awarded the federal government a whopping $1.69bn in a dispute between the Nigerian Petroleum Development Company (NPDC) Limited and Atlantic Energy Drilling Concepts Nigeria Limited and Atlantic
Energy Brass Development Ltd. Click here for more.

US Slashes Imports of Nigerian Crude By 43%
The United States cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data released by the Energy Information Administration.
Click here for more.

Investors Gain N36.27bn WoW As NSEASI Inches Up By 0.31% To Close The Week Positive
Equities market closed Friday on a negative note, as NSEASI depreciated by 0.27% to close at 31,924.51basis points as against 0.35% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +1.57%. Click here for more.

SEC Calls For Merger Of Capital Market Shareholder Associations
The Securities and Exchange Commission (SEC) for called for effective shareholder associations in the Nigerian capital market, saying it would strengthen corporate governance and increase shareholder value in quoted companies. Click here for more.

CBN urged to raise NIRSAL MFB capital to N100bn
The Centre for Social Justice has urged the Central Bank of Nigeria, and the Bankers Committee to raise the capital base of NIRSAL Microfinance Bank from N5bn to N100bn. The NMFB is a brainchild of the Bankers’ Committee, the Nigeria Incentive-Based Risk Sharing
System and the Nigerian Postal Service. Click here for more.

Focus shifts to interest rate as banks intensify loan buying
Deposit money banks (DMBs) in Nigeria have intensified competition to acquire retail and corporate customers following a strategic focus around loan refinancing. The banks are making reasonable efforts at acquiring the loan liabilities of target prospects from other banks, with an offer for discounted interest rates. Click here for more.

Bank Loans to Real Estate Industry Drop by N162bn
Credit allocation by banks to the real estate industry has maintained a downward trend in the last year. Data obtained from the National Bureau of Statistics showed that the industry got about N622bn out of the N15.13tn credit to the private sector in the last quarter of
2018. Click here for more.

Second Boeing 737 Max Crash in Months Kills 157 in Ethiopia
The Sunday crash of a Boeing Co. 737 Max operated by Ethiopian Airlines rattled confidence in the U.S. manufacturer’s best-selling jet with the second deadly accident for the model in five months. Click here for more.