In the news: NSE all-share index plummets by 0.9%
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Forex: Banks cancel commissions on PTA, tuition, medical bills Members of the Bankers’ Committee have agreed that banks in the country should stop charging commission on the sale of foreign exchange to customers, particularly those meant for Personal Travel Allowance, Business Travel Allowance, tuition and medical bills payment. NPA declares N300bn revenue for 2017 The Nigerian Ports Authority on Tuesday declared a total revenue of N299.56bn for the 2017 fiscal year. We’ve not withdrawn case against SEC, says Oando Oando Plc has stated that its legal tussle with the Securities and Exchange Commission with respect to the planned forensic audit of the oil firm is still on. VANGUARD Banks’ lending to private sector drops to N15.74tr Banks reduced lending to the private sector to N15.74 trillion in the fourth quarter of 2017 (Q4’17) according to the report released by NBS on Monday. Discos distribute 3.45 million metres —- NBS The National Bureau of Statistics (NBS) yesterday, said that the 11 Distribution Companies (Discos) have metered 3.45 million customers as at end of 2017. THE NATION Rivers State Governor Nyesom Ezenwo Wike has signed the 2018 Appropriation Bill of the state into law. The governor signed a budget of N510billion passed by the Rivers State House of Assembly. AfDB okays $10million bond support fund Board of the African Development Bank (AfDB) has approved $10 million to the African Local Currency Bond Fund (ALCB Fund), to further enhance its portfolio and promote the development of domestic capital markets across the continent. GUARDIAN NSE all-share index plummets further by 0.9% Equity transactions on the Nigerian Stock Exchange (NSE), continued on a downward note yesterday, as more blue chip stocks joined the league of losers, resulting to a further slide in the All-share index by 0.9 per cent. |
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