FG restructuring financing arrangement for Nigeria Air – Sirika

The Minister of State for Aviation, Senator Hadi Sirika, says the Federal Government is working on restructuring the financing arrangement for the national carrier as proposed by the Federal Executive Council. Sirika said FEC had studied the Outline Business Case report of the project and directed that the financing arrangement should be restructured. Click here for more.

Enugu airport: EFTZ to cooperate with govt on safety concerns

Stakeholders in the Enugu Free Trade Zone have declared willingness to work with the Federal Government through the Ministry of Aviation in addressing concerns about the proximity of one of the units of the free zone to the Akanu Ibiam International Airport. Click here for more.

We can’t sell petrol at a loss, NNPC replies marketers

The Nigerian National Petroleum Corporation has said that it cannot sell Premium Motor Spirit, popularly called petrol, at a loss, regardless of the demands of oil marketers, as it buys the commodity at N116.28 per litre. Click here for more.

INTELS keeps mute over NPA’s termination of multi-billion dollar pilotage contract

INTELS Nigeria Limited, one of Nigeria’s leading oil and gas Logistics Company, has refused to officially comment on the report that the Nigerian Ports Authority (NPA), has again revoked its multi-billion dollar boats pilotage monitoring and supervision agreement, 17 months after it was renegotiated by both parties. Click here for more.

NSEASI Inches Up By 0.08% WoW As Market Closes The Week Positive

Equities market closed Friday on a positive note, as NSEASI appreciated by 1.53% to close at 28,871.93 points as against 0.54% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -8.14%. Click here for more.

NASD OTC Market CAP Decreased By -0.59% WoW To Close At N546.27bn

As at close of trade week on 17 May 2019, market Capitalisation decreased to ₦546.27 billion from last week’s previous ₦549.50 billion, which shows a 0.59% decrease in Capitalisation. Also the USI for the week ending 17 May 2019 recorded an decrease from 764.86 points to 760.36 points. Click here for more.

SEC Announces Guidelines For Cross-Border Securities Issuance

The Securities and Exchange Commission says the West African Securities Regulatory Authorities has drawn up draft guidelines on cross-border issuance of fixed incomes and a mutual recognition agreement for the region. Click here for more.

Emefiele Challenges Policy Makers to Get Nigeria Working Again

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has tasked policy makers in all sectors of the economy, particularly political leaders who had witnessed “the good old days” in the country, to take up the responsibility of ensuring that the system works again. Click here for more.

PoS transactions hit 117,131 in four months – NIBSS

Nigeria recorded 117,131 transactions on Point of Sales terminals from January to April, a report from the Nigerian Interbank Settlement System has indicated. The report, obtained by the News Agency of Nigeria on Sunday, showed an increase of 42,817 when compared to the 74,314 transactions that were recorded in the corresponding period of 2018. Click here for more.

Analysts expect CBN to adopt ‘wait and see’ as MPC meeting begins today

The Central Bank of Nigeria (CBN) will need to adopt a wait-and-see approach in its monetary policy decision as the two-day Monetary Policy Committee (MPC) meeting begins today, according to financial analysts polled by BusinessDay. The analysts expect the CBN to maintain the Monetary Policy Rate (MPR) at the current level of 13.5 percent. Click here for more.

Firms increase dividends 15.31% to N597.86bn in 2018

Dividend payment from Nigeria’s largest companies continued to climb in the last quarter of 2018 as they wooed shareholders even amid a tough and unpredictable macroeconomic environment. Among index members, 47 companies declared N567.86 billion cash dividends, a 15.31 percent increase from N493.78 billion paid to owners in 2017. Click here for more.