Business

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)

Emefiele sets agenda for second term in office

Mr Emefiele said he would unfold a new road map for the CBN and the economy next week.

AFREXIMBANK, NEXIM to provide $1bn finance for Africa’s trade, infrastructure development

The financing would come in two separate tranches of $500 million each.

Nigerian Stock Exchange (NSE)

Eid-el-Fitri: NSE market indices down by 0.45 per cent

The market capitalisation shed N62 billion to close at N13.622 trillion compared with N13.684 trillion achieved on Friday.

Oando workers at an oil rig

Oando saga: Court restrains SEC from removing Tinubu, Boyo

The Commission on Sunday constituted an interim management team for the company to be headed by Mutiu Sunmonu.

Nigerian oil company, Oando. [Photo credit: Guardian Newspaper]

Police storm Oando, barricade office

About a dozen police officers were sighted at Oando’s head office at Ozumba Mbadiwe Avenue, Victoria Island, Lagos.

5G

China to grant licences for commercial use of 5G

China says its 5G industry has built a competitive edge by combining independent innovation and open cooperation.

Sa'idu Ali, Vegetable seller, Tradermoni beneficiary at Yan Tipper market in Dutse, Jigawa State.

SPECIAL REPORT: How Buhari’s Tradermoni, CCT, could ‘ve raised financial inclusion

The CCT involves the payment of N5,000 monthly, paid bi-monthly, to the poorest Nigerians, mostly in rural communities.

5. Wheat farm in Wurno

How Buhari’s ABP programme improved financial inclusion among rural, illiterate farmers

The investigation shows that literacy, economic empowerment among the local population in the north would help deliver greater impacts in terms of financial inclusion.

Nigerian oil company, Oando. [Photo credit: Guardian Newspaper]

Oando vows to challenge SEC’s ruling on Tinubu

SEC on Friday barred Wale Tinubu, Oando’s Chief Executive Officer, and Omamofe Boyo, the Deputy Group Chief Executive Officer, from being directors of a public company for five years.

Jubril Adewale Tinubu

Investors react to Tinubu’s suspension by SEC

SEC announced the suspension on Wale Tinubu on Friday.

MTN Nigeria office

MTN completes payment of N330bn fine to Nigerian govt

The Nigerian government imposed the fine on MTN for not disconnecting unregistered sim cards.

Naira notes

Naira converges around N360/$ at major Forex markets 

The Pound Sterling and the Euro closed at N465 and N401.

nigerian_stock_exchange

Profit taking: NSE market indices decline by 0.17 per cent

The market capitalisation which opened at N13.789 trillion shed N23 billion to close at N13.766 trillion.

Former Director-General, Securities and Exchange Commission (SEC), Mounir Gwarzo

Court orders reinstatement of suspended SEC DG, Gwarzo

Justice Sanusi Kado held that the minister of finance lacked the power to suspend Mr Gwarzo.

Minister of Trade and Investment, Okechukwu Enelamah

Trade ministry embarked on 13 major reforms during Buhari’s first tenure- Minister

The statement identified some successes recorded by the outgoing minister.

Senator Udoma Udo Udoma

2019 Budget: Buhari to dialogue with incoming lawmakers on unfunded deficit- Official

The official speaks on specific revenue sources and budget objectives.

NBS

Nigeria generates N289 billion from VAT in Q1 2019 – NBS

The figure is about N9 billion less than what was generated in the fourth quarter of 2018.

Naira Notes

Naira exchanges at N359.4 to dollar at parallel market

The Pound Sterling and the Euro closed at N465 and N404, respectively.

nigerian_stock_exchange

NSE: Market capitalisation loses N302 billion amid declining appetite on MTN shares

The All-Share Index which opened at 30,881.29 shed 686.58 points or 2.22 per cent to close at 30,194.71.

President Muhammadu Buhari

EEG: Buhari should break silence on DMO’s RAP policy – Exporters

The exporters say the reverse auction process is introduced, it would compound the creditors’ woes.

A tired "Baba" heading home after work on the farm.

SPECIAL REPORT: Inside the world of Nigeria’s financially excluded farmers

Many farmers across Nigeria are unbanked. They share their stories in this special report.

President Muhammadu Buhari [Pix: Daily Post Nigeria]

ANALYSIS: How Buhari failed to solve Nigeria’s energy crisis in his first term

“A significant let down by Mr Buhari is the cold shoulder the President gave the passage of the Petroleum Industry Governance Bill.”