|Economy|
Jonathan inaugurates 105,000 metric tonnes integrated rice mill in Nasarawa: President Goodluck Jonathan has inaugurated Olam Nigeria's 105,000 metric tonnes integrated rice processing mill in Nasarawa State. He explained that part of his administration's commitments was to continue to reduce  the food importation bill to the barest minimum. Source: Thisday

Sale of Nitel/Mtel assets gears up as BPE receives 17 Expression of Interests: Despite its moribund state, Nigeria Telecommunication Ltd (NITEL) and its mobile arm, Mtel, are still attractive to investors as 17 bidders are now prospecting for their core assets in the ongoing guided liquidation exercise of the national telecom carrier. The assets on bid for NITEL are the licences and the spectrum, the nationwide fixed wired networks, the national right of way duct system, the fibre optic transmission backbone, and the CDMA network system. Source: Businessday

|Banking|
Banks to free short-term credits from books on redesigned CPs: FMDQ OTC Plc has disclosed that their redesigned commercial paper market will commence in the  third-quarter (Q3), as it is expected to help deposit money banks free short-term credits from their books. Over the past four years, Nigeria’s Commercial Papers market has become impaired as the size has shrunk drastically, from monthly outstanding volumes of about N1 trillion in December 2008 to N9.8 billion in the fourth quarter (Q4) of 2013. Source: Businessday

|Infrastructure|
Power firms record N69bn revenue shortfall: Between November 2013, when the power generation and distribution firms were privatized and June 2014, the companies have had a shortfall of N69bn from the proposed N144bn revenue they were expected to generate. This is as a result of the myriad of problems confronting the power sector, as the firms have only been able to realise N75bn as revenue during the period. Source: Punch