Nigeria in 1min: Economic, Business and Financial Headlines – 171018


Wednesday October 17, 2018 / 7:00 AM / Proshare News


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Headline Inflation Increased by 11.28% in September 2018; 0.05 Higher Than August 2018 Rate-. Source Proshare Read More 

Finally, N’Assembly Approves INEC’s N242bn Election Budget - The Senate and the House of Representatives yesterday passed the Independent National Electoral Commission (INEC) budget for the conduct of 2019 general elections, approving N242 .245billion for the polls. Source Thisday Read More 

FG Demands In-country EPC Work for NLNG’s Train 7 - The federal government has said that the engineering, procurement and construction (EPC) work for the planned $7 billion Nigeria Liquefied Natural Gas (NLNG) Limited Train 7 plant would be done in the country by mostly Nigerian companies. The government through the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote, said this yesterday at a public workshop to discuss opportunities for the Nigerian content aspect of the NLNG Train 7 plant. Source Thisday Read More


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CBN Disburses N615bn to Farmers - The Central Bank of Nigeria (CBN) has disclosed that as at August 20 2018, the total amount released under the Commercial Agriculture Credit Scheme (CACS) to participating banks for disbursement since the inception of the scheme is N615.43 billion. Source Thisday Read More


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Nigeria’s Equities Market Erases Previous Day Loss as NSEASI Inches Up by 0.95%-Equities market closed today on a positive note, as NSEASI appreciated by 0.95% to close at 32,722.18 basis points as against -0.13% depreciation recorded previously. Source Proshare Read More  

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Multinationals, Others Owe Nigerian Media N8bn –Report - A new industry survey has revealed that over N8bn in unpaid fees by advertisers, many of whom are multinational companies, are currently hampering smooth operations of some media outfits and advertising agencies. Source Punch Read More 

Insecurity Threatens $14bn Maritime Sector Earnings –FG - The Federal Government has declared that the annual earnings of $6bn in freight cost and $8bn in oil and gas and other maritime activities have come under threat from pirate attacks, oil theft and other illegal activities militating against the growth of the sector. Source Punch Read More 

Transcorp Group Announces New Executive and Non-Executive Appointments - Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate has announced new appointments to its Board and executive management. Source Proshare Read More


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NCC Plans Technology Solution to Block Call Masking - The Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission, Prof. Umar  Danbatta, has said that the commission is in the process of choosing the best from a list of technology solutions used in other countries to block call masking/refiling. Source Punch Read More 

Nigeria’s Internet Exchange Point Grows Local Traffic By 10,000% in Five Years - The Internet Exchange Point of Nigeria (IXPN), has grown traffic on its network by over 10,000 per cent in the last five years, and currently exchanges over 110 gigabits per second of traffic. Source Guardian Read More 

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