The Nigerian Stock Exchange (NSE) on Monday opened trading on a bright note from where it left off last week, the All Share Index and Market Capitalisation both appreciated by a marginal growth of 0.02 per cent, each. The All Share index appreciated by 8.69 basis points or 0.02 per cent to close trading at 42,579.48 points against 42,570.89 points, while market capitalisation closed at N15.280 trillion after it went down by N3.081 billion or 0.02 per cent from N15.277 trillion recorded in the previous trading day.

Recent report released by Financial Derivatives Company, an economic and financial research firm, says Nigeria requires $15bn (N4.59tn at N306 to a dollar) worth of investments annually for 15 years in order to adequately develop its infrastructure nationwide. In its latest bi-monthly Economic and Business report for February 2018, the FDC stated that the underinvestment in infrastructure in Nigeria over the years had widened the infrastructural gap across the country.

Royal Dutch Shell says the world could be grappling with a shortage of liquefied natural gas within a decade due to underinvestment in new projects.

The Anglo-Dutch energy giant issued the warning in its second annual LNG outlook, which reports on developments in the booming market for natural gas cooled to liquid form for export. Shell says the market for LNG grew by 29 million tons last year, 30 percent more than previously expected.

President of Trade Union Congress of Nigeria (TUC), Bobboi Kaigama, on Saturday lamented that 35 states in Nigeria cannot pay workers regular salaries, stressing that the development has subjected workers to untold hardship. He stated this on the sideline of the National Executive Council (NEC) meeting held in Lagos. According to him;

Two financial experts on Monday in Lagos have stated that the delay in passing the 2018 Budget could undermine the effective implementation of the Economic Recovery and Growth Plan (ERGP).

The experts, who spoke with the News Agency of Nigeria (NAN), said that the delay in the passage by the National Assembly could hinder implementation of projects critical to economic diversification.

Dr Uche Uwaleke, Head of Banking and Finance Department, Nasarawa State University, Keffi, said that the Budget of Consolidation was developed in line with the Federal Government’s ERGP designed to make the economy more diversified.

The Central Bank of Nigeria (CBN) will on Monday, February 26, 2018 hold a Tweet meet aimed at informing and educating Nigerians on the efforts being made by the Bank to grow the economy especially against the backdrop of the Country’s exit from recession in the last quarter of 2017.

Special Assistant to the Senate President on Foreign Affairs and International Relations, Bamidele Omishore has disclosed that the National Assembly in conjunction with the Presidency are working assiduously towards reviewing all trade treaties and conventions entered into by Nigeria.

The contract termination controversy between INTELS Nigeria Limited and the Nigerian Ports Authority (NPA) may be eased off following the payment of $42.6 million (N13.2 billion) by INTELS into the NPA’s Treasury Single Account (TSA). The Managing Director of NPA, Hadiza Bala Usman,

The President of Trade Union Congress of Nigeria (TUC), Bobboi Kaigama on Saturday called on all state governors who cannot pay monthly salaries of workers to kindly resign from office. Bobboi Kaigama who stated this in Lagos attributed the non-payment of salaries by governors on corruption. He maintained that Organized Labour could no longer vouch for state governors giving excuses that lack of funds was the reason for their inability to pay salaries.

The Federal Government earned N254.10 billion from Value Added Tax (VAT) in the fourth quarter of 2017, the National Bureau of Statistics (NBS) stated this on Thursday.

The NBS stated this in its “Sectoral Distribution of VAT Data for the fourth quarter, 2017’’ posted on its website.

The Bureau stated that the N254.10 billion VAT collected in the fourth quarter was higher when compared with the N250.56 billion generated in the third quarter of 2017, and N207.35 billion in fourth quarter 2016.