Nigeria in 1min: Economic, Business and Financial Headlines – 201118


Tuesday November 20, 2018 / 7:00 AM / Proshare News


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Shaking Tables – Poverty Coding And Feminism On Steroids-I have been getting invitations to vote for a young Nigerian lady who is being nominated by no less than CNN as a world hero. Source Proshare Read More

N30,000 Minimum Wage: Buhari, Governors keep Mum After Meeting - The outcome of the meeting between President Muhammadu Buhari and the Nigerian Governors’ Forum to resolve the raging dispute over the proposed N30,000 National Minimum Wage remained unclear on Monday. Source Punch Read More

FG Earns N1.7trn Oil Revenue in 3 years - Nigeria may have earned about N1.68 trillion as revenue from oil between 2015 and 2017. The Department of Petroleum Resources, DPR, in its 2017 Nigerian Oil and Gas Industry Annual Report, stated that the revenue was realised from oil and gas royalty, gas flare penalty, concession rentals and miscellaneous oil revenue. Source Vanguard Read More

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FSB, Bodies Publish Final Report on Effects of Reforms on Incentives to Clear OTC Derivatives-The Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published today their final report on Incentives to centrally clear over-the-counter (OTC) derivatives. Source Proshare Read More 

Federally Collected Revenue Rose to N2.52tn in Q3 - The nation’s federally collected revenue for the third quarter of this year rose by 8.9 per cent to N2.52tn, compared to the previous quarter, the Central Bank of Nigeria has said. Source Punch Read More


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Investec Aviation’s New Fund To Target Up To $2bn Of Aircraft Acquisitions-Investec Aviation builds on track record with opening of new $500m aircraft leasing equity fund. Source Proshare Read More

The Investors and Traders Summit 2019 Is Here-The Investors and Traders summit, tagged Invest 2019 is here. There is need for you to take the opportunity because available information and activities in the market reveal that smart money will likely take position earlier than anticipated. Precisely, before or after the elections, which begin in February, considering the facts that most stocks on the exchange have become seriously undervalued, just as other emerging markets.Source Proshare Read More

Stanbic IBTC Holdings Plc Closed Period To Commence From December 01 2018-In accordance with the provisions of Rule 17.18(b) of The Nigerian Stock Exchange Rule Book (the Rules), we would like to notify The Exchange that the closed period for Stanbic IBTC Holdings PLC (“the Company”) will commence with effect from 01 December 2018 and the closed period will continue to be in place until the full year 2018 results of the Company are released. Source Proshare Read More

Afrinvest Stock Recommendation for The Week 191118-The local bourse last week posted a bearish performance as the All Share Index (ASI) fell 0.4% W-o-W to 32,058.28 points, YTD loss weakened to -16.2% while market capitalization settled at N11.7tn. Source Proshare Read More

NSEASI Inches Up Further By 0.51%, Opens The Week Positive-Equities market closed today on a positive note, as NSEASI appreciated by +0.51% to close at 31,864.80 basis points as against +0.61% depreciation recorded previously. Source Proshare Read More

Average T-Bills Rate Closed Up at 13.1% Following Sell-Offs by Investors-The Treasury Bills (“T-Bills”) secondary market traded last week on a quiet note as investors sold off their bills in anticipation of the more attractive rates at the Primary Market Auction (“PMA”) and Open Market Operations (“OMO”). As a result, average rate across tenors advanced 22bps W-o-W to settle at 13.1% from 12.9% recorded in the previous week. Source Proshare Read More

 Ecobank Transnational Incorporated Announces Closure of USD200m Syndicated Loan Facility - Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announces today the successful close of a USD 200 million syndicated loan facility. Source Proshare Read More

Nigerian Fixed Income Market Stays Calm Ahead of MPC Meeting - The FGN bond market traded on a quiet note with low trading volumes seen across the curve. Market participants remained cautious ahead of the MPC Meeting scheduled for later this week. Source Proshare Read More

FMDQ Series II Roundtable Explores Role of Debt Market in Unlocking Nigeria’s Housing Sector - The FMDQ OTC Exchange in partnership with the International Finance Corporation, IFC and Family Home Funds, FHF hosted the Series II Housing Roundtable today in Lagos. Source Proshare Read More


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Shutdown Of Telecom Services Imminent In Abuja, 8 States - Telecommunication operators in the country have raised the alarm that about nine states and the federal capital territory (FCT), Abuja may be affected by imminent shutdown of telecommunication services unless the federal government intervene to stop the shutdown of their facilities in the country. Source Leadership Read More 

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FSA: Japan And France Sign Cooperation Frameworks Regarding Innovation In The Financial Sector-Japan’s Financial Services Agency (FSA) has signed two cooperation frameworks, respectively with the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) of France to promote innovation in their respective markets. Source Proshare Read More

New Regulatory Framework To Enhance Payment Services In Singapore-The Monetary Authority of Singapore (MAS) has finalised the new regulatory framework for payment services in Singapore. Source Proshare Read More

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