According to the National Bureau of Statistics (NBS), headline inflation rose for the first time in three months in September, advancing by 22bps to 11.24% YoY to beat Bloomberg consensus estimate of 11.00% YoY and our 11.10% YoY forecast.
Equities market closed today on a negative note, as NSEASI depreciated by -0.16% to close at 26,513.65 points as against +0.09% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -15.64%.
This morning, Seplat Petroleum Development Company Plc (Seplat) announced its intention to acquire the entire issued and to be issued shares of Eland Oil & Gas Plc (Eland) via cash resources of Seplat and new borrowings.
Early adopters of insurance, centuries ago, will marvel at how it has evolved to losing its true purpose and strength in comparison with other solutions to risks that are beyond our control. Notwithstanding some negative efforts to make insurance look unhelpful to persons, businesses and government, it remains the greatest discovery of humans to solve the problem of uncertainty
In our review of activities in the MSME space for the period September 23rd to 27th, 2019 Vice President Professor Yemi Osinbajo called on Deposit Money Banks in the country to support the efforts of the Federal Government in resuscitating Micro Small Medium Enterprises, MSMEs in Nigeria and also the real sector.