Nigeria in 1min: Economic, Business and Financial Headlines – 030419


Wednesday, April 03, 2019 / 06:45 AM / By News Aggregator / Header Image Credit: @NGRPresident


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Oil Hits 2019 High On Shale Slowdown - OIR 020419 - Crude oil hit fresh 2019 highs this week, pushed up by tightening supplies globally, a slowdown in U.S. output, and fewer concerns about the global economy.  Source Oilprice Read More

FIRS Targets N750bn From 55,000 Millionaire Tax Debtors - The FIRS boss told members of the committees that the recent substitution exercise carried out by the service had led to the recovery of N23.25bn. Source Punch Read More

FG To Fund 2019 Budget Deficit With New Taxes, Concessions - The Federal Government plans to finance Nigeria’s N1.859tn budget deficit in 2019 by introducing new taxes and adopting a concessionary financing system under its privatisation programme. Source Punch Read More

2019 Budget: FG Forecasts 3.01% GDP Growth Rate - The Federal Government has said the 2019 budget is expected to run at nominal Gross Domestic Product, GDP, of 139.65 trillion and 3.01 percent of GDP growth. Source Vanguard Read More

Global Economy In Delicate Moment — IMF - The global economy is in a delicate moment, with 70 per cent of the nations expected to experience a slowdown in growth this year. Source Vanguard Read More


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SEC Extends Deadline On Issuance Of Dividend Warrants And Free E-Dividend Registration Exercise To D - We refer to the circular dated 29thJune 2017 issued by the Securities and Exchange Commission (“the Commission”) on the above subject matter. Source SEC Read More


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Money Market Rates Compress Further As CBN Stays Mute on OMO - The FGN Bond market opened the month on a relatively flat note, with slight demand on the 2025s offset by sell pressures on other maturities. Source Zedcrest Capital Read More

Oando Plc Announces FYE 2018 Results, Posts N28.8 Billion Profit-After-Tax - Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced its audited results for the twelve months period ended December 31, 2018. Source Oando Plc Read More 

Stanbic IBTC Capital: A Catalyst for Driving Nigeria’s Growth Agenda – Funso Akere - Recently, Funso Akere, the Chief Executive of Stanbic IBTC Capital during an interview with Businessday shared insights about Investment Banking in Nigeria and how Stanbic IBTC Capital is positioned to serve its clients better and drive Nigeria’s growth agenda. Source Stanbic IBTC Read More 

Investors Lose N169.01bn As Market Sentiment Remains Negative; NSEASI Dips By -0.99% - Equities market closed today on a negative note, as NSEASI depreciated by 0.99% to close at 30,226.77basis points as against 1.64% depreciation recorded previously. Source Proshare Read More


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Ugochukwu Appointed Tony Elumelu Foundation CEO - The former Director of Partnerships and Evaluation, Tony Elumelu Foundation, Ifeyinwa Ugochukwu, on April 1, 2019 assumed a new role as the foundation’s Chief Executive Officer. Source Punch Read More

Exxonmobil In Further Divestments From Nigeria - There are indications that ExxonMobil has concluded plans to divest from some onshore and offshore fields worth $3 billion in Nigeria. Source Vanguard Read More 


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Nigeria Achieves 40% Localisation Of Internet Traffic, Eyes 60% By 2021 - In two years’ time, precisely by 2021, Nigeria hoped to have localised its Internet traffic by as much as 60 per cent, after hitting 40 per cent by end of last year. Source Guardian Read More


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