Nigeria in 1min: Economic, Business and Financial Headlines – 241218


 Monday December 24, 2018 /7:00 AM / Proshare News 


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Increased Global Wheat Supply in 2018-2019 Season Would Push Prices Down-FAAC allocation in December is up 3.13% to N812.76bn. Annualised, the total disbursement to governments is 36% (N8.52trn) higher than 2017 (N6.25trn). Source FDC Read More

Average Prices of PMS, AGO, HHK and Cooking Gas – November 2018-Average price paid by consumers for premium motor spirit (petrol) increased by 1.3% year-on-year and 0.2% month-on-month to N147.50 in November 2018 from N147.20 in October 2018. Source NBS Read More

Weekly Economic and Financial Commentary – WE 21st Dec, 2018 - During the week, the Federal Reserve increased the benchmark funds rate for the fourth time this year by 25 bps to 2.25%-2.50%. The FOMC reduced projection for rate hikes in 2019 to two times. Source ARM Read More

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SEC Nigeria Will Not Prosecute Multiple Account Holders- Mary Uduk ,Acting DG - Nigerians have once again been enjoined not to entertain any fears of prosecution but take steps to regularise their multiple subscription accounts in order to obtain the benefits of their investments in the capital market. Source SEC Nigeria Read More


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Investors Gain N36.84bn as NSEASI Inches Up By 0.33% WoW-Equities market closed today on a negative note, as NSEASI depreciated by -0.09% to close at 30,773.68 basis points as against +0.32% appreciation recorded previously. Source Proshare Read More

Market Review and Round-Up of Corporate News Announced During The Week Ending 211218-The equities market recorded positive performance – the listed equities market recorded +0.33% gain WoW while the NASD OTC also went up by +0.44% WoW. Source Proshare Read More

Providus BankPlc Now Trading On The OTC Market - We are pleased to inform the investing public that the securities of ProvidusBankPlc have been admitted to trade on the NASD OTC Market by way of Security Admission. The security was introduced to the OTC Market by Vetiva Securities Limited. Source NASD PlcRead More 

Markets Close on a Quiet Note as Tight System Liquidity pushes Funding Rates Higher - The FGN Bond market traded on a quiet note to end the week with little volumes going in throughout the trading session. Investor sentiment weakened towards bond securities at current market yields.Source Zedcrest Capital Read More 

What To Expect From The Markets This Week - 241218 - In spite of a 9bps moderation on Friday and mixed market performances through the week, the All-Share Index ended the week 33bps up, the first positive w/w close since 9th November 2018. Source Proshare Read More 


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The Business of Christmas - Over the decades Christians have casually observed the intense secularization of the celebration, seeing it more as a period for the exchange of  gifts and well wishes than as a period for sober reflection on life and the spiritual importance of Christ’s earthly mission. Source Proshare Read More


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Key Findings From TheEFInA Access to Financial Services in Nigeria 2018 Survey - EFInA’s vision is to be the leader in facilitating the emergence of an all-inclusive and growth-promoting financial system. EFInA adopts a holistic approach to impact the market at three levels – micro, meso and macro levels. Source EFInARead More 

How SMEs Approach Digitization - At the recent maiden edition of the Africa Fintech Festival in Lagos, Nigeria, panelists discussed, “How Traditional SMEs Are Approaching Digitization”. Source Proshare Read More 

NCC’s Approval Rattles Telcos as ATC Exonerates Smile - Telecoms operators (Telcos) have been unsettled over recent approval granted IHS and ATC Nigeria by the Nigerian Communications Commission (NCC) to disconnect telcos from their facilities as a result of their indebtedness to the facility operators. Source Thisday Read More 


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NAICOM Withdraws And Cancels SIP Policy Circular - The National Insurance Commission (NAICOM) on Thursday withdrew State Insurance Producer (SIP), a new insurance distribution channel it newly evolved. Source NAICOM Read More


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SMEs Listing: ASEA Identifies Cost Of Listing, Corporate Governance As Obstacle - The African Securities Exchanges Association, ASEA’s working group has identified high cost of listing and poor corporate governance as part of the factors hindering Small and Medium Enterprises, SMEs, from listing on African Exchanges.  Source Vanguard Read More


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