TOP 5 BUSINESS NEWS OF THE WEEK

TOP 5 BUSINESS NEWS OF THE WEEK
June 25, 2016 accounthubng

Poor metering: NERC to sanction Discos from October
Power distribution companies that fail to provide prepaid meters for all maximum demand customers on their networks not later than the last quarter of this year will be sanctioned, the Nigerian Electricity Regulatory Commission has said.

 

Forex trading: NSE loses N163bn on first day
The stock market started the week with a loss of N163bn in market capitalisation at the close of trading on the floor of the Nigerian Stock Exchange on Monday

 

CBN okays Wema Bank as FX Primary Dealer
Following the recent commencement of trading on the Nigeria Interbank Foreign Exchange (NIFEX), and the announcement of the movement from the official exchange rate to a market-determined system, Wema Bank Plc has been appointed as one of the Primary Dealers in Foreign Exchange Inter-Bank Market (FXPDs) by the CBN

 

Fuel importation will end in 2019 – Kachikwu
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Thursday said the country would end fuel importation by 2019.
He said there was an ongoing investment drive towards meeting the infrastructure requirements for local refining of crude oil and that by 2019, Nigeria was expected to become a net exporter of refined products.

 

NRC increases Lagos goods trains, eyes fuel haulage
The Nigerian Railway Corporation says it has increased its capacity for goods haulage, especially dry products, in the Lagos district with the intention to capture more freight business this year.
It also said the corporation planned to improve its movement of petroleum products as more oil companies showed interest in using the train to transport their products across the country.

 

Culled from businessnews.com.ng

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