Business & Economy Roundup-July 19, 2018

1. FG makes N343.05m from savings bond in July, says DMO
The Federal Government said it made N343.05m from sales of savings bond in July.
The results of the sales published on the website of the Debt Management Office on Wednesday in Abuja, showed that N79.98m was allotted for July 2020 at 10.48 per cent.
It also indicated that N263.06m was allotted at 11.48 per cent for July 2021 papers.
According to the result, ……..

2. SEC advises investors on shares, warns against ponzi schemes
The Securities and Exchange Commission (SEC) has again warned against investment in ponzi schemes and assured Nigerians that it would strengthen the capital market toward an enhanced investors’ value.
Ms Mary Uduk, Acting Director-General of SEC, made the assertion while ……….

3. New national carrier, Nigeria Air, targets 81 routes
The Federal Government yesterday made good its promise as it unveiled the name of a new national carrier – Nigeria Air.
It also unveiled the logo of ……………….

4. US companies invest $1.3bn in Nigeria
United States of America’s companies operating in Nigeria invested $1.3bn in the economy in 2017, a survey by the American Business Council has shown.
The investment, according to the ………….

5. Aviation added $1.3bn to Nigeria’s GDP in 2016: FAAN MD
Aviation contributed $1.3 billion to Nigeria’s Gross Domestic Product (GDP) in 2016, Managing Director of the Federal Airports Authority of Nigeria (FAAN), Saleh Dunoma, has said.
This represented 0.02 per cent of …….

6. Illegal deductions: CBN returns N65bn to bank customers
The Central Bank of Nigeria says it has recovered over N65bn from commercial banks in the country for wrongful deductions and charges from customers’ deposits and other transactions in the last six years.
The Acting Director, Corporate …………..

7. No country can survive without labour – Justice Adejumo
The President of the National Industrial Court, Justice Babatunde Adejumo, has described labour as the nerve centre of any country, saying without labour no country can survive.
The judge said this last …….

8. “Spraying Naira Is Punishable By a 6 Months Jail Term” – CBN
According to the Central Bank of Nigeria (CBN), spraying the Naira notes is an offense punishable by 6 months in jail.
This was made known by the Acting Director ………

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