Nigeria in 1min: Economic, Business and Financial Headlines – 281218


Friday December 28, 2018 / 7:00 AM / Proshare News



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Average Price of 1kg of Tomato Increased By 2.79% YoY to N294.36 in November 2018 – NBS - Selected food price watch data for November 2018 reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 3.16% and month-on month by -1.06% to N477.76 in November 2018 from N482.90 in October 2018 while the average price of piece of Agric eggs medium size(price of one) increased year-on-year by 3.89% and month-on-month by 1.62% to N42.40 in November 2018 from N41.73 in October 2018. Source NBS Read More 

Nigeria Imported $60m Agricultural Machinery In 2018 - Nigeria imported $60m worth of agricultural machinery between January and November,2018, according to the data obtained from the United States export portal. Source Punch Read More


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Market Sentiment Closes Negative as NSEASI Dips By -0.86% Amid Positive Breadth - Equities market closed today on a negative note, as NSEASI depreciated by -0.86% to close at 31,692.63 basis points as against +3.88% appreciation recorded previously. Source Proshare  Read More 

CBN Intervenes in FOREX Market - With the resumption of business after the Christmas and Boxing Day festivities, the Central Bank of Nigeria (CBN) on Thursday, December 27, 2018, intervened in the inter-bank sector of the Foreign Exchange market, injecting $210 million in the wholesale segment and other sectors of the market. Source CBN Read More 

FO Moves Up By 9.92%; Market CAP Gains N4.04bn - Market sentiment towards the stock of FO was positive at the end of trading today as the share price moved up by a tick size of 9.92% to close at N34.35k from the previous price of N31.25k. Source Proshare Read More

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Diamond Bank Plc Appoints Mr. Dele Babade as Acting Chairman of Its Board of Directors - Diamond Bank writes to formally notify the Exchange that following the resignation of Mr. Oluseyi Bickersteth as Director/ Chairman of the Board, the Board of Directors of Diamond Bank Plc, has appointed Mr. Dele Babade as acting Chairman effective December 24, 2018. Source NSE Read More 

The Legality or Otherwise Of Keeping Large Sums Of Cash (Money) At Home or In Local Transit - Is there limit to the amount of money, whether local or foreign currency, that one can keep at home or move around with? Must one keep his money in the bank? Source O.G. Chukkol Read More


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Nigeria Grows Teledensity By 19.1% In One Year - Telephone density in Nigeria hit 120 per cent in November, increasing by 2.76 per cent from October.However, The Guardian checks showed that from November 2017 and 2018, teledensity grew by 19.13 per cent. Source Guardian Read More 

A Guide To The Payments and Fintech Landscape in Nigeria - The year 2018 has been an interesting one for FinTech startups in Africa. From major funding announcements to ground breaking events to new policy directions, the space has clearly been a busy one. Source FintechNG Read More


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Insurance in 2018: Weak Industry, Strong CEOs - Discussions on the risks we live with in Nigeria and how to mitigate them took most of the time we had at an annual strategy session for young entrepreneurs, an initiative we started two years ago, to prepare us for the opportunities in our clime despite the negative economic indicators. Source Ekerete Ola Gam-Ikon Read More


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