Nigeria in 1min: Economic, Business and Financial Headlines – 230519


Thursday, May 23, 2019 / 06:45 AM / By News Aggregator / Header Image Credit: @UBAGroup


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Cocoa Prices Declined By 0.08% Despite Strong Demand From Asia - The aluminium production industry has become a perpetual under-performer in Nigeria. Source FDC Ltd Read More

FG, States Grow Debt By N12.27tn In 42 Months - Nigeria’s debt profile rose by N12.27tn between June 2015 and December 31, 2018, investigation has shown. Data obtained from the Debt Management Office on Wednesday showed that the country’s debt profile grew from N12.12tn as of June 30, 2015, to N24.39tn as of December 31, 2018. Source Punch Read More


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NSE Notifies Of The Effective Dates Of Its Rules On Listing On The Growth Board, Free Float - The Exchange has received the Securities and Exchange Commission’s approval to the Rules and Rule Amendments set out below. Source Read More 


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NSEASI Inches Up By 3.07% To Record Highest Daily Gain In 2019; Closes Above 31,000bpts - Equities market closed today on a positive note, as NSEASI appreciated by 3.07% to close at 31,145.15 points as against 2.88% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -0.91%. Source Proshare Read More  


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Court Okays Innoson On Its Execution of Judgment Against GTB - The Federal High Court, Awka Division on May 20th, 2019 refused to grant GTB’s prayers for orders staying or suspending the execution embarked by Innoson Nigeria Ltd; and to further set aside the Orders made by the court on 27th March 2019 granting Innoson Nigeria Ltd leave to enforce the judgment, issue processes for enforcing the judgment and levying execution- the Writ of Fifa against Guaranty Trust Bank. Source Innoson Read More

Chinese Companies’ Investments In Nigeria Hit $20bn –CCCN - The quantum of investment in the Nigerian economy by Chinese companies has hit $20bn, the President, China Chambers of Commerce in Nigeria, Mr Ye Shuijin, has disclosed. Source Punch Read More

Next Round Of U.S. Tariffs On China At Least A Month Away: Mnuchin - The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on American consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Source Reuters Read More

The Trade War's Grip on Currency Markets Tightens - Trade tensions between the U.S. and China are starting to pull foreign-exchange markets into the arena. Yet far from embracing their currencies as a weapon, many countries are being forced to take a defensive posture against the almighty dollar. Source Bloomberg Read More 


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MainOne to Invest N25bn in Lagos Broadband Infrastructure - MainOne has disclosed fresh plans to commit a whopping N25 billion to its Lagos broadband infrastructure project. The initiative was designed to digitise Lagos, through the deployment of 2000 kilometre fibre optic broadband cable that would drive connectivity around all the Local Government Areas (LGAs) of the state. Source Thisday Read More


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The AFRICA CEO NETWORK Debuts In Nigeria - Since 2012, the AFRICA CEO FORUM has brought together more than 5000 business leaders, investors and high-level policy makers from across the continent and around the world. Africa CEO Forum Read More


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