Economy
Govt seeks intervention fund to revive power plants - THE Ministry of Power has opted to shop for an intervention fund to revamp the country’s ailing power plants before the final handover to the new owners in July. Source: Guardian Read More

Nigeria's electricity situation, a nightmare — FG - Federal Government, yesterday, in Abuja, said despite the investment in the power sector, only 25 percent of Nigerians currently had access to electricity. Source: Vanguard Read More 

Senate committee rejects state police - The Senate Committee on the Review of the 1999 Constitution on Wednesday presented its amendment bill detailing the contents of the third alteration to the nation’s foremost document. Source: Punch Read More

 
FG tasks Brazilian investors to set up plants - The Federal Government has urged Brazilian investors to set up manufacturing plants in the country. Source: Vanguard Read More

Fuel subsidy scam: FG slashes oil importers from 128 to 38 - The Senate was yesterday told that the Federal Government has slashed down the number of oil importers into the country from 128 to 38 as at December 2012. This came as indications also emerged that government has refused to commence payment of subsidy claims for the 2013 fiscal year. The lawmakers were also told that the Federal Government has spent N3.7 trillion in five years. Source: Vanguard Read More
 

Budget 2013: House Suspends Debate Indefinitely even as Economic Stimulus Bill passes 2nd Reading - It was drama on the floor of the House of Representatives Wednesday as the scheduled debate on the 2013 Appropriation Act Amendment Bill was stalled  and its consideration  suspended indefinitely. This came same day the House passed through second reading the  Economic Stimulus Bill 2012. The  bill seeks to provide that 45 per cent of the annual budget be earmarked for capital project for a period of 10 years commencing from the 2014 fiscal year. Source: Thisday Read More

 

SSS, NSCDC To Protect Power Infrastructure - The federal government has inaugurated an 11-man Joint Technical Committee to check the incessant vandalisation of power infrastructure across the country. Source: leadership Read More

Policy / Regulations
CBN to release banking crisis resolution plan - In a bid to avert another banking system failure, the Central Bank of Nigeria has concluded plans to release the comprehensive banking sector crisis resolution framework. Source: Punch Read More 

NCC Insists on Disconnection, Warns Unregistered Subscribers - The Nigerian Communications Commission (NCC) has insisted it would give orders for the disconnection of all unregistered SIM cards after June 30, this year. Source: Thisday Read More 

Telecoms firms move to restore bombed infrastructure - Telecoms companies in the country are making plans to restore full services in some northern states where their facilities had been severely damaged through bombings and vandalism by members of the Boko Haram Islamist sect. Source: Punch Read More 

NDIC re-strategises to address banking sector challenges  - The Nigeria Deposit Insurance Corporation has begun moves to re-strategise its operations to enable it to effectively address emerging challenges in the banking sector. Source: Punch Read More 

CBN mopped up N4.37tn in Q1 - The Central Bank of Nigeria mopped up a total of N4.37tn in Open Market Operations in the first quarter of 2013. Source: Punch Read More

 
Nigeria lacks experts in sustainable banking, says NDIC - The Nigeria Deposit Insurance Corporation (NDIC) has lamented the absence of qualified resource persons in the field of sustainable banking. Source: THE NATION Read More

NCC Generates N58m from ISP Licensing - About N58 million has been generated from licensing of individual Internet Service providers (ISPs) across the country, by the country’s telecoms industry regulator, Nigerian Communications Commission. Source: Thisday  Read More 

Capital Market
Stocks sustain uptrend on improved bargain; ASI inches up by +2.51% - The equities market closed today on a positive note, as the NSE ASI appreciated by +2.51% to close at 39,453.23 points, compared with the appreciation of +1.75% recorded previously. Its Year-to-Date (YTD) return currently stands at +40.53%. Source: Proshare Read More