Nigerian govt, states, local govts share N462.4 billion in May
Oil revenue also dropped during the month.
NSE reviews indices; Fidelity, Diamond, others may join
The indices are reviewed bi-annually.
Customs officer remanded for trafficking 384kg of marijuana
NDLEA says the officer used Customs vehicle to transport marijuana.
Etisalat crisis worsens Zenith Bank, GTB, others’ debt exposure – Report
A sensitivity analysis shows Zenith Bank contributed the largest to the loan.
Banks seek EFCC investigation of Etisalat Nigeria over $1.2 billion loan
“All we want is to recover the loans; we cannot write off the loans as being demanded by Etisalat,” a source said.
Pay us N720 billion subsidy claims, petrol marketers tell Nigerian govt
The marketers said the non-payment was also affecting Nigerian banks.
Internet outage looms in Nigeria as MainOne cable develops fault
The 14-day service outage Is the first of its kind in seven years since the cable system came into operation.
Etisalat Nigeria Crisis: NCC assures subscribers of network integrity; restates conditions for license
Etisalat is being taken over by a consortium of banks.
We’ll render operators of electricity generating sets ‘jobless’ – Osinbajo
The acting president inaugurates Nigerian Renewable Energy Roundtable.
N541 billion Debt: Access Bank, others take over Etisalat Nigeria
The takeover became effective June 15.
SON intercepts N8 billion worth fake cables in Lagos
The cables were reportedly imported from China.
Nigerian govt to use N559 billion recovered loot to fund 2017 budget – Minister
“On recoveries, we are being extremely conservative; what is in the budget is what we know about already.”
Reps will resist acquisition of more Nigerian banks’ toxic debts – Lawmaker
“We are aware that some economists are clamouring for AMCON to buy more toxic assets …”
2017 budget: Nigerian govt set to release N350 billion for capital projects – Adeosun
The government also listed some conditions for funding of projects.
Nigerian govt may adopt agric youth initiative developed by IITA – Adeosun
The finance minister visited the IITA to assess the project there.
Why exit of Mubadala, Etisalat’s majority shareholder, is not announced yet – Source
PREMIUM TIMES last week reported the withdrawal of Mubadala, which controlled 70 per cent stake in Etisalat along with Etisalat UAE mobile.
NNPC crashes diesel price nationwide by 42 per cent – Spokesperson
Prices dropped from N300 per litre to about N200 per litre.
SPECIAL REPORT: Uber killing our business, Lagos taxi drivers lament
“These days, in a whole week, you may not get N5,000…which wasn’t the situation before now,” a driver lamented.
Nigerians should show more interest in NLNG – Official
“Why has it not gone the way of others, particularly as it is managed 100 per cent by Nigerians?”
Experts suggest steps to Nigeria’s sustainable growth
A panellist said Nigeria must look beyond getting out of recession.
Nigerian migrant workers contribute $18.956 billion remittances in 2016
Global migrant workers sent back to their home countries $445 billion in 2016.