Nigeria in 1min: Economic, Business and Financial Headlines – 090419


 Tuesday, April 09, 2019 / 7:00 AM / By News Aggregator /  Header Image Credit: @ProfOsinbajo


Click Here To Read Latest News Updates



Clean Energy In The Policy Mix; Renewables To Account For 16% Of Total Energy Generated By 2030 - Power shortages continue to stifle growth and are regarded as the primary drawback for operations across all company sizes. Source  FBNQuest Research Read More 

Headline Inflation To Slip Further To 11.2% in March 2019 - Nigeria’s headline inflation is expected to slide again to 11.2% in March from 11.31% in February. Source FDC Read More 

World Bank Cuts Sub-Saharan Africa Growth Forecast To 2.8% - The World Bank has cut its growth forecast for Sub-Saharan Africa for the year to 2.8 per cent from an initial 3.3 per cent, it said on Monday. Source Premium Times Read More

Nigeria Is Recovering From Recession; Growth Levels Are Constrained and Reforms Must Resume - In this report, we review the global economy focusing on expectations for global growth and oil prices in 2019.  Source RTC Advisory Services Read More

Nigeria’s Economy Slipping, Says World Bank - The bank, in its latest report on the regional economy titled, ‘Africa’s Pulse’, released the taxonomy of growth performance in sub-Saharan Africa, which focused on the macroeconomic and financial features that led to growth resilience on the continent. Source Punch Read More

FIRS To Charge VAT On Lottery, Betting, Automate Collection - The Federal Government yesterday announced plans to charge Value Added Tax VAT, on lottery and gaming activities and automate collection from operators in the Lottery sector. Source Vanguard Read More

NERC Outlines Charges For Meters - Nigerian Electricity Regulatory Commission, NERC, has issued permits to Abuja Electricity Distribution Company Plc, AEDC, and Jos Electricity Distribution Company Plc, JEDC, under its Meter Asset Providers (MAPs) and ordered rollout of meters from May 1, 2019. Source Vanguard Read More


Click Here to Read More News on Economy 


Proshare Nigeria Pvt. Ltd. 



Unilever Nigeria Q4 2018 Results Review: Neutral Rating Maintained - Unilever Nigeria’s (Unilever) FY 2018 performance was weighed down by weak Q4 earnings. Source FBNQuest Research Read More 

Afrinvest Stock Recommendation For The Week 080419 - The downtrend in the local bourse persisted last week, as sustained sell-offs on market bellwethers weighed on overall performance. Source Afrinvest Research Read More 

Average Money Market Rate Rose By 5.45% To Settle At 15.72% - The money market rate increased last week as the Overnight rate (OVN) and Open Buy Back (OBB) rose to 16.14% and 15.29% from 10.67% and 9.86% respectively. Source Anchoria AM Research Read More 

Average T-Bills Yield Contracts Marginally to 13.4% as CBN Resumes OMO Auctions - The Treasury Bills (“T-Bills”) secondary market started the second quarter of 2019 on a bullish note largely buoyed by increased system liquidity from FAAC injection on the Friday of the previous week. Source Afrinvest Research Read More 

Investors Lose N170.58bn As NSEASI Dips By -1.53% To Open The Week Negative - Equities market closed today on a negative note, as NSEASI depreciated by 1.53% to close at 29,162.24points as against 0.21% appreciation recorded previously. Source Proshare Read More


Click Here to Read More News on Markets


Proshare Nigeria Pvt. Ltd.



ZENITHBANK Announces the Appointment of Mr. Ebenezer Onyeagwu as Group MD Effective June 01, 2019 - We write to inform you of the appointment, by the Board of Directors, of Mr. Ebenezer Onyeagwu as Group Managing Director/Chief Executive of Zenith Bank Plc with effect from June 1, 2019 subject to the Central Bank of Nigeria (CBN) approval. Source NSE Read More

Boeing's 737 Production Cut Hits Its Shares And Those Of Suppliers - Shares of Boeing Co fell 5 percent on Monday after the company said it would cut production of its 737 MAX aircraft, as it struggles with worldwide grounding of the narrowbody jet following two fatal crashes in less than five months.  Source Reuters Read More

Shell Unveils $15b Five-Year Investment Plan - Its Managing Director, Osagie Okunbor, broke the news at the second edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) organized at the weekend by the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State. Source TheNation Read More 

AXA Mansard: Nigerian Insurers Face Regulatory Chokehold - In a country where 80% of the population live on less than $2 a day according to the African Development Bank, micro-insurance should be a way to pull in many more customers – and to mitigate the risks for people who do not have savings to fall back on. But, as with other areas of insurance, policy-makers have not supported the sector. Regulations have “dragged us back”, says Rashidat Adebisi, head of retail solutions at AXA Mansard in Lagos. Source Theafrica Report Read More

Click Here To Read More News on Business


Proshare Nigeria Pvt. Ltd.



Cyber Security and Businesses - As Digital technology continues to shape businesses, economies, industries and even government operations, one major concern is how the globe is positioned to effectively deploy Cyber-Security, to address threats to systems and applications. Source Proshare Read More


Click Here to Read More News on Technology


Proshare Nigeria Pvt. Ltd.


The Future of Education in 2050 and the Role of University-Industry-Government Nexus - The Nigeria Economic Summit Group (NESG) in partnership with the National Universities Commission (NUC) recently hosted an interactive event on the theme “Revitalization of Higher Education in Nigeria”. Source Proshare Read More


Click Here to Read More News on Finance 




Proshare Nigeria Pvt. Ltd.


Click Here To Watch More Videos

Related News

1.       What To Expect From The Markets This Week - 080419

2.      Nigeria in 1min: Economic, Business and Financial Headlines – 080419

Related News