Punch

Naira fall: Used vehicle prices soar, sales drop:
These are not the best of times for importers of and dealers in second-hand vehicles due to unexpected low patronage occasioned by the continuing fall in the value of the naira against the United States dollar and other international currencies.

Motorists groan as fuel scarcity worsens:
The latest round of fuel scarcity being witnessed in many states across the country worsened on Sunday as motorists and other users of petrol had difficulties getting the product at filling stations.

CPC fines Abuja Disco N10m for boy’s electrocution:
The Consumer Protection Council has ordered the Abuja Electricity Distribution Company to pay the family of an electrocuted boy the sum of N10m for the firm’s alleged technical lapses and negligence.

Thisday

Value of Mobile Money Transactions Rises to N40bn Monthly:
With the growing adoption of the cashless policy and increased patronage of mobile money, the Central bank of Nigeria (CBN) has put the value of transactions recorded through mobile money platform at N40 billion monthly.

Seplat Shares Defy Bear Run, Rally to N340 Per Share:
The shares of Seplat Petroleum Development Company Plc sustained its rally to lead the price gainers’ chart at the stock market last week. The stock, which has witnessed an unprecedented recovery despite the decline in oil price, rose 12.4 per cent to close at N340 per share last week.

Vanguard

Terminal operators owe FG N86.2bn Ports charges, fees:
Terminal operators in Nigeria are currently indebted to the Federal Government to the tune of $433.4 million, about N86.2 billion, for lease and container throughput fees as at December 2015, Financial Vanguard investigation has revealed.

Forex crisis: E-commerce reels under pressure:
The current foreign exchange crisis rocking the Nigerian economy has hit the nascent e-commerce sector as the sector’s major foreign investors have begun to pull back.

The Nation

‘Nigeria loses $3b yearly to medical tourism’:
Despite Nigeria’s Foreign Exchange (forex) troubles, the country still spends over $3 billion yearly on medical tourism. There is need for a health care revolution in Nigeria to stop the huge sums spent yearly on going to India and other places abroad for simple medical treatments that can be dealt with here, Eko Electricity Distribution Company (EKEDC) Director, Mr. George Etomi, has said.

Universal Insurance pays N300m claims:
Universal Insurance Plc paid over N300 million claims in the past three years, the Managing Director, Ben Ujoatuonu has said.

Guardian

Money market remains flat as N330b treasury bill maturity rolls back:
The money market activities will this week remain flat, as the N329.9 billion expected treasury bills’ maturity would be recycled simultaneously, with no other foreseeable Naira inflow.

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.