The Investment and Securities Tribunal (IST) says it has resolved 30 percent of capital market cases inherited in Sept. 2017. Malam Garba Kurfi, IST member, disclosed this in an interview with in Lagos on Tuesday. Kurfi said the tribunal on assumption of office in 2017, inherited about 70 capital market cases but had resolved 30 per cent of the cases.

The Minister of Finance, Mrs Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, affirmed on Sunday that the country’s positive growth outlook would be sustained. The Minister and the CBN Governor gave this assurance at a joint press briefing at the end of the 2018 International Monetary Fund (IMF) and World Bank Spring Meeting in Washington DC, United States.

L-R: Permanent Secretary, Ministry of Economic Planning & Budget, Mr. Abayomi Kadiri; Commissioner for Economic Planning & Budget, Mr. Segun Banjo

Mr Olusegun Banjo, Lagos State Commissioner for Economic Planning and Budget, said the state recorded a revenue of N141.96 billion in the first quarter of 2018.

Banjo said this Tuesday, at the ongoing ministerial briefing to mark Governor Akinwunmi Ambode’s third year in office at Alausa, Lagos.

Banjo said the figure represented an increase of 63 percent against the N124.14 billion achieved in the corresponding period of 2017.

According to him, the budget also recorded an increase of N17.82 billion over the 2017 figure.

Diaspora Nigerians wired $22 billion home in 2017, an African record and the fifth largest remittance by immigrants, according to the World Bank. Egypt received $20 billion from its citizens abroad, according to figures published by the bank today. The World Bank said payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased.

Chairman, Technical Committee on Nigeria Yam Export Programme, Prof. Simon Irtwange, says four companies have commenced the production of improved yam seedlings to boost local yam production and drive exports. Irtwange said that the production of the yam seedlings was being supported by the International Institute of Tropical Agriculture (IITA), under a programme of the Bill and Melinda Gates Foundation.

A multipurpose literary writer and Chief Executive Officer of Magnus Oku Books, a book firm in Lagos, Magnus Oku says he is planning a mega book fair in Lagos and Abuja. Speaking to newsmen on the planned event, he said the fair to unveil seven significant and spectacular books in Drama, Poetry, Prose, motivational, among others.

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has debunked recent statement credited to the Emir of Kano, Alhaji Muhammad Sanusi that he was in the U.S and refused to attend an investors’ summit, NAN reports. According to the report, Sanusi was quoted to have accused the minister and some others for being absent at U.S-Nigeria Investors’ Forum even when they were in the U.S. He had queried that their action

The Emir of Kano, Muhammadu Sanusi II, has lambasted Nigerian ministers for missing a meeting with investors in Washington DC despite some of them being in the US, Punch reports. The Emir who spoke to newsmen on Saturday at an investment programme organised by the Nigerian Embassy, said Nigeria might lose investors because of the attitude of the ministers, stressing that their action may have projected the nation as unserious.

The Executive Secretary, Petroleum Technology Development Fund (PTDF) Dr Aliyu Gusua says the Petroleum Industry Bill (PIB) awaiting presidential assent has no value creation needed in the oil and Gas sector.

Gusua disclosed this at the 11 Annual International Conference if the Nigerian Association for Energy Economics (NAEE), on Monday in Abuja.

“Unfortunately, I have gone through all the four Bills of the petroleum industry waiting to become law; I have seen fiscal and regulatory provision about the mid-stream and the downstream; but I have not seen anything in all the four bills that incentivizes value generation.

The Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) segment of the market to the tune of $396.18millio, in its relentless move to guarantee liquidity in the foreign exchange market. According to figures obtained from the CBN on Friday, April 20, 2018, the released sum is meant to meet obligations in the agricultural, airlines, petroleum products and raw materials and machinery sectors.