Nigeria in 1min: Economic, Business and Financial Headlines – 150219


 Friday February 15, 2019 / 7:00 AM / Proshare News



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Average Prices of PMS, AGO, HHK and Cooking Gas – January 2019 - Average price paid by consumers for premium motor spirit (petrol) decreased by -23.7% year-on-year and -0.1% month-on-month to N145.70 in January 2019 from N145.80 in December 2018.  Source NBS Read More

Debt and Currency Market Outlook 2019 - Working Towards Delivering A Viable Derivatives Market - Following the gradual recovery of the Nigerian economy from the recessionary and economic headwinds which had hitherto stagnated the financial markets, FMDQ OTC Securities Exchange (FMDQ)’s markets (fixed income, currencies and derivatives) experienced steady growth. Source Proshare Read More


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Market Players Oversubscribe NTB Auction by 286% - Prices in the FGN Bond market strengthened slightly in today’s session on the back of some order flows largely due to the c.N47bn coupon payments on the 13-Feb-2020 bond which leaves the benchmark today.  Source Zedcrest Capital Read More

Invest in FGN Monthly Bond Auction – February 2019 - The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for. Source DMO Read More

GOLDINSURE Releases Q3,Q2, Q1 2018, 2017 and 2016 Results; Declares N149.26m Loss in Q3 (SP:N0.53k) . Source NSE Read More

Nigerian Stock Market Halts Negative Sentiment as NSEASI Inches By 0.12% - Equities market closed today on a positive note, as NSEASI appreciated by +0.12% to close at 32,453.69basis points as against -0.15% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +3.26%.  Source Proshare Read More

CBN OMO Repayment Moderates Funding Rates - The Bond Market remained fairly stable in today’s session, with yields compressing further by c.2bps, owing to slightly demand by market players who remained well bid on the mid to long end of the curve. Source Zedcrest Capital Read More

Mergers & Acquisitions: SEC To Realign Rules As New Commission Takes Off - Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), will now restrict regulatory activities on mergers and acquisitions to public companies and change of shareholding of capital market operators. Source TheNation Read More

CBN Predicts Stability in FX as External Reserves Hit $43bn - The Central Bank of Nigeria (CBN) Thursday said it expected further stability in the foreign exchange market in 2019, banking on the decision of the US Federal Reserve not to hike interest rate in the near future. Source Thisday Read More


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Banks’ Instant Pay Transactions Hit 2.5 Million On Val’s Day - Bank customers carried out about 2.5 million transactions on Nigeria Interbank Settlement System Instant Pay platform recorded on Valentine’s Day, live updates provided by the NIBSS have shown. Source Punch Read More

Bankers Committee Initiates Special Fund For Creative Industries, IT - Central Bank of Nigeria (CBN) and Deposit Money Banks (DMBs) in the country have initiated a special fund to provide low-interest, long-term financing for the music, movies, fashion and Information Technology (IT) sector. Source Vanguard Read More

CIS To Train Stockbrokers On Investment Analysis - The Chartered Institute of Stockbrokers has revealed plans to train stockbrokers to enable them to understand the dynamics of technical analyses for capital market investment. Source Punch Read More

FG Approves CIBN’s Disciplinary Tribunal Rules - The federal government has approved the rules governing the conduct of the Disciplinary Tribunal of the Chartered Institute of Bankers of Nigeria (CIBN). Source Thisday Read More


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Google, UBA Collaborate to Provide Free Wi-Fi to Customers - Africa’s global bank, United Bank for Africa (UBA) Plc has collaborated with Google and ISP partner to launch Google Station in 11 key UBA branches in Lagos State as part of plans to roll out 200 stations in the country. Source UBA Read More


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Phillips Consulting  Partners Human Capital Growth Inc To Broaden HR Expertise in Nigeria - Phillips Consulting Africa a leading business and management consulting firm, yesterday announced a  formal partnership with Human Capital Growth Inc as part of its drive to achieve a deeper experience in HR development, learning and expertise across Nigeria and Sub-Saharan Africa. Source Proshare Read More

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