PunchPolice exit threatens N6.4tn pension funds A bill to amend the Pension Reform Act 2014 that will lead to the exclusion of members of the Nigeria Police Force, the Nigerian Security and Civil Defence Corps, Nigeria Customs Service, Nigerian Prison Service, Nigeria Immigration Service and the Economic and Financial Crimes Commission from the Contributory Pension Scheme and other related matters has been of concern to stakeholders in the pension industry. Nigeria, Morocco collaborate on agric insurance Nigeria and Morocco have set up a steering committee to develop a sustainable crop insurance scheme for the country. Lafarge, COREN collaborate on concrete mix design manual Lafarge Africa Plc has partnered the Council for the Regulation of Engineering in Nigeria for the research and development of Nigeria’s first concrete mix design manual. US, FG back 20,000bpd oil refinery in Lagos The construction of a 20,000-barrels-per-day crude oil refinery in Lagos by a Nigerian petrochemical and refining company has received a major boost with the signing of a grant by the United States Trade and Development Agency. This DayFG Warns of Beef, Dairy Products Scarcity The federal government has raised the alarm on the rising demand for beef in the country, vis-a-vis its availability, saying the gap could lead to the scarcity of beef and dairy products in the country. Kachikwu: Lack of Access to Finance Hampering Construction of 33 Private Refineries The difficulties faced by private investors in accessing finance to complete detailed engineering analysis and commence construction work after obtaining the approval to construct (ATC) is the major challenge that hampers the execution of majority of the 33 private refineries licenced by the federal government. CBN in Stringent Surveillance of Bank Customers’ Naira-denominated Card Usage The Central Bank of Nigeria (CBN) yesterday disclosed that it was closely monitoring the usage of naira-denominated cards for international transactions by bank customers, following the recent increase in the monthly spending limit announced by several commercial banks. Investors Await N62.4bn Maturing Treasury Bill Treasury bills maturity of 91-day and 182-day worth N62.4billion are expected to hit the market this week. Saraki Promises Swift Passage of Petroleum Industry Bill Components The President of the Senate, Dr. Bukola Saraki, has said that the passage of the Administrative and Fiscal Policy Bills for the petroleum industry will be key issues for the Senate when it resumes after its annual recess. VanguardBuhari’s govt revival of 11 fertiliser plant leading to export – FEPSAN The Executive Secretary of the Fertiliser Producers and Suppliers Association (FEPSAN), Alhaji Ahmed Rabiu Kwa, says Nigeria will begin to export fertiliser in the next five years going by the programme of the Presidential Fertiliser Initiative (PFI). N230bn inflow to lift market liquidity, moderate cost of funds The interbank money market will, this week, receive boost of N230 billion inflow, with moderation in cost of funds. GuardianEquities market close bullish, indices up by N33b Whether the bullish run will sustain this week at the nation’s equities market will depend on the quality of half year (H1) results the tier-one banks will unveil in the days ahead. Labour unions, Akeredolu disagree over N7.6b Paris Club loan refunds Labour unions in Ondo State have disagreed with Governor Rotimi Akeredolu over factional payment of their outstanding salaries after receiving N7.6 billion Paris Club Loan refunds. The Nation$60m World Bank project for Abia: Abia State has received $60 million (about N21 billion) to execute a World Bank-assisted Rural Access and Mobility Project (RAMP). |
