Nigeria in 1min: Economic, Business and Financial Headlines – 050619


Wednesday, June 05, 2019 / 06:40 AM / By News Aggregator / Header Image Credit: @AsoRock


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FG Records N398bn Revenue Deficit In Q1 - The gross federally-collected revenue of N2.309tn recorded in the first quarter of 2019 fell short of the proportionate quarterly budget estimate of N3.321tn by 30.5 percent. It fell below the receipts in the preceding quarter by 4.2 percent. Source Punch Read More

Nigeria’s Growth Remains Challenged At 2.1% In 2019, Says World Bank - Growth in Nigeria- the largest economy of Africa, would remain subdued in 2019 at 2.1 percent, the World Bank Group’s latest economic assessment has said, which is contrary to earlier projection of 2.2 percent and Federal Government’s hopes of 2.7 percent. Source Guardian Read More

16.6m Litres Of PMS Worth N6.1bn Leads May Import Chat - This represents 12,120 metric tonnes which are 681,840 metric tonnes less than 803,960 metric tonnes imported in the month of April and 326,880 metric tonnes less than the May figure standing at 339,000 metric tonnes in the month of March. Source Vanguard Read More


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SEC, EFCC To Tackle Crime in the Nigerian Capital Market - The Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have agreed to collaborate in combating crime in the Nigerian capital market. Source SEC Nigeria Read More


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The May 2019 Nigerian Capital Market Service Report – Proshare - Nigeria’s Equities Market closed the month of May 2019 in the green zone as NSEASI halts downwards movement to close positive by +6.55% as against -6.06% loss recorded in the month of April 2019 while the NASD USI closed in red with -1.26% loss recorded at the end of the month under review as against +0.06%  gain in April 2019. Source Proshare Read More

NEM Insurance; The Good, The Uncertain And The Possible - From a growth rate of 9.35% in Q1 2018, NEM’s earnings has more than doubled in Q1 2019 as the company reported a growth of 19.87% in its Gross Premium Written from N5.67bn in Q1 2018 to N6.80bn in Q1 2019. Source Proshare Read More


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Telecoms Operators Connect 3.56m New Subscribers To Internet - Fresh 3.5 million subscribers were connected to the Internet in the month of April by the service providers in the country. Latest April statistics released by the Nigerian Communications Commission (NCC), showed that from 115.9 million Internet users in March, the figure rose to 119.5 million within one month. Source Guardian Read More


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