Nigeria in 1min: Economic, Business and Financial Headlines - 271119


Wednesday, November 27, 2019 / 06:50 AM / By News Aggregator / Header Image Credit: Proshare WebTV


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CBN Publishes Regulation For The Operation of Mortgage Guarantee Companies in Nigeria - Further to the Exposure Draft on the Regulation for the Operations of Mortgage Guarantee Companies (MGCs) in Nigeria dated October 17, 2018 and the incorporation of comments from various stakeholders, the Central Bank of Nigeria hereby issues the following Regulation for the Operations of Mortgage Guarantee Companies ( MGCs) in Nigeria. Source CBN Read More 

Nigeria MPC Maintains Status Quo At Final Meeting Of The Year 2019 - The Monetary Policy Committee (MPC) meeting that held on the 25th and 26th of November has just been concluded and the committee voted to hold all policy parameters constant as follows. Source CardinalStone Research Read More 

CBN Communique No. 127 of the MPC Meeting - Nov 25 - 26, 2019 - The Monetary Policy Committee (MPC) met on the 25th and 26th of November 2019 in an environment of continued global macroeconomic uncertainty, but gradual improvements in the domestic economy. Source CBN Read More 

Governments' Credit Shrinks, Private Sector's Rises To N25.8tn - Banks' credit to governments shrunk by13.41 per cent in October to N9.05tn from N10.45tn reported in September, the Central Bank of Nigeria has disclosed. On the other hand, credit to private sector hit N25.8tn in October, according to apex bank. Source Punch Read More 

Currency-in-circulation Hits N2trn - Currency-in-circulation on month-on-month basis fell by 0.7 per cent to N2.00 trillion at the end of September 2019, in contrast to the growth of 0.8 per cent at the end of the preceding month. The Central Bank of Nigeria (CBN) revealed this in its economic report for October 2019. Source Thisday Read More


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SEC Extends Deadline For Multiple Accounts Regularisation Indefinitely - The acting Director General, SEC, Ms Mary Uduk, said this would enable other shareholders that had challenges with their details to come up and regularise their holdings. She said the commission had discovered that some shareholders were avoiding it due to the fear of prosecution. Source Punch Read More 


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Investors Lose N73.58bn As NSEASI Dips By -0.56%; MPC Holds All Policy Rates - Equities market closed today on a negative note, as NSEASI depreciated by -0.56% to close at 26,883.33 points as against +0.16% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -14.47%. Source Proshare Read More 

Domestic and Foreign Portfolio Participation in Equity Trading - October 2019 - On a monthly basis, The Nigerian Stock Exchange polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI)4 flows. Source NSE Read More 

FMDQ Exchange Admits SFS Fixed Income Fund To Its Platform - FMDQ Securities Exchange ("FMDQ Exchange" or "the Exchange"), through its Board Listings, Markets and Technology Committee, approved the listing of 500,000,000 units of N1.00 each of SFS Fixed Income Fund (the SFS Fund) on its platform. Source FMDQ Read More


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Nigerian Ndidi Nwuneli Appointed Board Member Of The Rockefeller Foundation - New York, November 21, 2019 - The Rockefeller Foundation announced today the appointment of two new members to its Board of Trustees: Dr. Agnes Binagwaho and Ndidi Okonkwo Nwuneli. They will begin their tenure as Trustees on November 21st, 2019. Source Rockefeller Foundation Read More 

Tony Elumelu, Dangote, Otudeko, Ali to Receive Nigeria's National Productivity Order of Merit Award - Tony O. Elumelu, CON, Founder of The Tony Elumelu Foundation (TEF) and Chairman of the United Bank for Africa Group (UBA) and Heirs Holdings, will be conferred with the National Productivity Order of Merit (NPOM) Award by the President of the Federal Republic of Nigeria, H.E. Muhammadu Buhari, GCFR. Source News Room Read More 

Professor Lumumba Expresses Optimism On Africa's Prospects For Industrialization and Economic Growth - Renowned African scholar Professor P.L.O Lumumba has expressed optimism on the continent's prospects of achieving industrialization and economic advancement. Source Proshare Read More 

After $30 Trillion Bonanza, Green Finance Is About to Get a Cop - It's been the one bright spot for banks and money managers in these dark times of sluggish growth, a $30 trillion treasure trove that has remained largely unregulated. That's about to change. Source Bloomberg Read More 

Asian Shares Climb On Trump Trade Deal Comments - Asian shares rose on Wednesday as upbeat signals from Sino-U.S. trade talks fanned hopes of an easing of tariff hostilities, while expectations the Federal Reserve will keep interest rates low supported sentiment. Source Reuters Read More 

Crude Rises To $64.17, Fuel Subsidy Hits N43/Litre - The rise in crude oil price has spiked the Expected Open Market Price of Premium Motor Spirit, popularly known as petrol, leading to a sharp increase in the amount spent on subsidy. Data obtained in Abuja on Tuesday showed that Brent, the commodity for which Nigeria's crude was priced, appreciated by $0.54 to $64.17 per barrel. Source Punch Read More

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Analysing The Proposed Hate Speech - Charles Omole - I was recently sent (by a reliable source) a copy of the Hate Speech (Prohibition) Bill, 2019 going through the NA popularly known as the "Hate Speech Bill". Let me be clear from the start that I am opposed to this Bill. Source Dr Charles Omole Read More 

CBN Bankers Committee Celebrate 2019 World Savings Day Reaching 642 Schools In Nigeria - The initiative also encompasses the CBN & the Bankers' Committee's drive to bridge financial literacy and inclusion, particularly for children in Nigeria. Source CBN Read More


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Pension Fund Asset Under Management Stood At N9.58trn As At Q3 2019 - NBS - The Pension Asset and RSA Membership Data Q3 2019 reflected that the Pension Fund Asset under Management as at Q3 2019 stood at N9.58trn as against N9.03trn in Q1 2019. Source NBS Read More 


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