Nigeria in 1min: Economic, Business and Financial Headlines – 180419

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Thursday, April 18, 2019 / 7:00 AM / By News Aggregator / Header Image Credit: @AsoRock

 

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PROSHARE ECONOMY

Headline Inflation Continued Its Moderating Trend in March 2019 - In line with our forecast and the general analysts’ consensus, Nigeria’s headline inflation declined by 6bps to 11.25% in March. Source FDC Ltd Read More 

7,183MT of Commodities Valued At N773.1m Traded on AFEX in Q1, 2019 - A total of 7,183 MT of commodities ranging from maize, paddy rice and sorghum valued at N773.1m was traded at the AFEX exchange in Q1, 2019. This was disclosed by AFEX  at a Tweet-chat organized in partnership with Proshare Nigeria. Source Proshare Read More

FG Seeks Fresh $247.3m External Loan - The Federal Government will take another fresh external loan of $247.3m for the development of infrastructure, despite the country’s rising debt profile. The Federal Executive Council made the approval at its sitting in Abuja on Wednesday. Source Punch Read More 

 

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PROSHARE REGULATORS

CBN Guidelines On The Mgmt Of Investment Account Holders For Non-interest Fin. Institutions In Niger - Non Interest Financial Institutions (NIFIs) mobilize large percentage of their funds using Mudarabah and Wakalah contracts. In Mudarabah, the bank is acting as the Mudarib (entrepreneur) and the fund providers as the Rabb-ul-Mal otherwise called Profit Sharing Investment Account Holders (PSIAHs). Source CBN Read More 

CBN Guidance Notes On The Calculation Of Capital Requirement For Operational Risk For NIFIs - In calculating the capital requirements to cover operational risk, NIFIs are required to assess the correlations among the various types of risks and identify their possible impact in terms of operational risk. Source CBN Read More

Foreign Reserves Gained $1.85bn In One Month – CBN - The nation’s foreign reserves rose by $1.85bn to $44.728bn as of April 12 from $42.87bn in March 12, according to latest statistics from the Central Bank of Nigeria. The value, rose from a value of $43.041bn in December 17, 2018 to $43.047bn as of January 9, 2019. Source Punch Read More

 

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PROSHARE MARKETS

ZENITHBANK Declares N50.23bn PAT in Q1 2019 Results, (SP:N20.90k) - Today, Zenith Bank Plc released its unaudited first quarter results for the period ended March 31, 2019. Source NSE Read More 

Invest in FGN Monthly Bond Auction – April 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 

Investors Gain N84.37bn As NSEASI Inches Up Further Amid Negative Market Breadth - Equities market closed today on a positive note, as NSEASI appreciated by 0.76% to close at 29,970.86points as against 0.85% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -4.64%. Source Proshare Read More 

GUARANTY Declares N49.30bn PAT in Q1 2019 Results,(SP:N34.75k) - Today, Guaranty Trust Bank Plc released its unaudited first quarter results for the period ended March 31, 2019. Source NSE Read More

 

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PROSHARE MSME

FCMB Organizes Free Training, Urges SMEs to Drive Economic Growth - On Saturday, April 13, 2019, First City Monument Bank (FCMB) hosted the fifth in its series of free capacity building programmes, tagged ‘’Business Enterprises and Sustainability Training (BEST)’’ organised for existing and start-up SMEs in Lagos. Source FCMB Read More

 

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