Nigeria in 1min: Economic, Business and Financial Headlines – 201218


Thursday December 20, 2018 / 7:00 AM / Proshare News



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Unemployment Rate Rises to 23.1% in Q3 2018 from 18.8% in Q3 2017-The economically active or working age population (15 – 64 years of age) increased from 111.1 million in Q3, 2017 to 115.5million in Q3, 2018. Source NBS  Read More 

2019 Budget Speech Delivered By His Excellency President Muhammadu Buhari - President, Federal Republic of Nigeria, At the Joint Session of the National Assembly, Abuja, Wednesday, 19th December 2018. Source  Presidency Read More 

2019 Budget to Place Nigeria on Path of Inclusive and Sustainable Economic Growth - Buhari - President Muhammad Buhari today presented the 2019 budget of the Federal Republic of Nigeria estimated at N8.83 trillion Naira to the joint session of the National Assembly. Source Proshare Read More 

NSDC Disburses N3.9bn To Boost Sugar Production - The National Sugar Development Council has approved the disbursement of about N3.9bn out of the National Sugar Development Fund to boost local sugar production. Source Punch Read More


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NSE Announces Its Sustainability Disclosure Guidelines; Gets SEC Approval- In fulfilment of its desire to champion sustainable capital market practices in Africa, The Nigerian Stock Exchange (The NSE or The Exchange) is pleased to announce that its Sustainability Disclosure Guidelines (the ‘Guidelines’) has been approved by The Securities Exchange Commission (SEC). Source NSE Read More

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Access – Diamond Merger: Post-Consolidation, Capital Raise, Jobs, Branches and Investors-A conference call to discuss the Access Bank – Diamond Bank Merger will be held today at 16:00hrs Lagos (10:00hrs New York, 15:00hrs London, 17:00hrs Johannesburg). Source Proshare Read More 

Market Sentiment Closes Negative as NSEASI Dips By -0.35% amid Positive Breadth-Equities market closed today on a negative note, as NSEASI depreciated by -0.67% to close at 30,814.19 basis points as against +0.67% appreciation recorded previously. Source Proshare Read More

DMO’s Weak Borrowing Appetite Forces 10-yr Auction Rate 33bps Lower- The FGN Bond market remained flat in today’s session, as market players sought for higher yields at the bond auction by the DMO. Source Zedcrest Capital  Read More

Key Takeaways From The Conference Call On The Potential Access Bank – Diamond Bank Merger - In a late afternoon conference call today managers of both Access Bank and Diamond Bank addressed investors and the media on issues related to their recently announced joint merger proposal.  Source Proshare Read More

Ecobank Responds to Wrongful Allegations - The attention of the ETI Group has been drawn to recent publications in some online media alleging overstatement of ETI’s balance sheet and income statements emanating from incorrect exchange rates in translating the financial statements of our affiliate entities, especially Nigeria.  Source ETI Read More


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Forceful Subscription: NCC Set to Order Mobile Operators to Refund N36bn - The Nigerian Communications Commission is set to order mobile operators to refund more than N36bn illegally deducted from mobile telecommunications subscribers through forced subscription to Value Added Services. Source Punch Read More


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