In the news: SEC to Strengthen Monitoring of Bond Proceeds Usage
Following the refusal of the Senate to consider President Muhammadu Buhari’s nominees for the vacant positions in the Monetary Policy Committee (MPC), its first meeting for 2018, scheduled for the third week of January, might not hold due to lack of quorum.
Following complaints, the Nigerian Communications Commission (NCC) is to extend the grace period of unused data roll over to 14 days.
There are strong indications that the Securities and Exchange Commission (SEC) will introduce a new strategy for reporting of the usage of proceeds of bonds raised from the nation’s capital market.
The President, Nigeria Agribusiness Group (NABG), Alhaji Sani Dangote, has called for the passage of the Seed Bill to deal sternly with the supply of spurious seeds and fertiliser that are causing havoc to the fortunes of farmers in the state.
Fuel marketers raised the alarm yesterday – depots are empty. The Nigerian National Petroleum Corporation (NNPC) has promised to flood depots with petrol but the Depot and Petroleum Products Marketers Association (DAPPMA) said the corporation was yet to send petrol to its members’ depots.
Nigeria spent a total of N157 billion on the importation of vehicles, aircrafts parts and vessels in the third quarter of 2017.
Nigeria’s $70 billion telecommunications industry is set to witness a major acquisition on or before December 31.
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