Nigeria in 1min: Economic, Business and Financial Headlines - 121219

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Thursday, December 12, 2019 / 06:40 AM / By News Aggregator / Header Image Credit: WebTV

 

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PROSHARE ECONOMY 

Service Sector Resilience to Help Global Growth Stabilise in 2020 - Source The resilience of the service sector and consumer spending growth in the advanced economies should help global growth stabilise next year, after a sharp decline in 2019, says Fitch Ratings in its new Global Economic Outlook (GEO). Fitch Ratings Read More 

Investing in Human Capital through the 2016-2018 Medium-Term External Borrowing Plan - His Excellency, the President submitted a request to the National Assembly for approval of the 2016 - 2018 Medium Term External Borrowing Plan (Plan) for the sum of USD22.718 billion. Source DMO Read More 

Reps Pass N140.383b NCC Budget - The House of Representatives on Wednesday passed a 2020 budget of N140.383 billion for the Nigeria Communication Commission (NCC). It also adopting the Conference report on the Finance bill. Source TheNation Read More

 

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PROSHARE REGULATORS 

NSE Publishes Its Interpretative Guidance on Securities Lending - The Securities Lending Guidelines of The Nigerian Stock Exchange (the Guidelines) became effective in March 2012; and subsequently the Rules and Adjudication Committee of the National Council of The Exchange (the remit of which is presently subsumed into the remit of the Regulation Committee of the National Council of The Exchange) resolved at its retreat of 8-9 November 2013 that there was a need to review the Guidelines. Source NSE Read More

 

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PROSHARE MARKETS 

Treasury Bill Auction Scheduled For December 11th, 2019 - A primary auction of Nigerian Treasury Bills will take place on Wednesday, December 11th 2019. Source Arthur Stevens Asset Mgt Read More 

NSE CEO's Opening Remarks At Induction Ceremony For Newly Qualified Dealing - Good afternoon distinguished Ladies and Gentlemen. On behalf of the National Council and Management of The Nigerian Stock Exchange, it gives me great pleasure to welcome you to this induction ceremony for newly qualified Dealing Clerks of the Exchange. This ceremony is very important to us as an organization, as it is the official welcome ceremony for the future participants and leaders of the Nigerian capital market. Source NSE Read More 

Market Halts Negative Posture; NSEASI Inches Up By +0.19% Amid Negative Breadth - Equities market closed today on a positive note, as NSEASI appreciated by +0.19% to close at 26,434.00 points as against -1.11% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -15.90%. Source Proshare  Read More 

FG Reopens Subscription Offer For N150bn Bonds - The Federal Government has opened subscription offer for its December bond by reopening the APR-2023, APR-2029 and APR-2049 bonds, offering investors N50bn each across each tenor. Source Punch Read More


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PROSHARE BUSINESS 

Discos' Q2 Revenue Collection Hits N121.32b - The 11 electricity Distribution Companies (DisCos) collected N121.32 billion revenue out of the total N186.08 billion bills they issued to consumers in the second quarter of 2019, it was learnt yesterday. Source TheNation Read More

Full Commitment To Oil Production Cut Critical - OPEC - Global demand for crude from the Organisation of Petroleum Exporting Countries will tumble to 29.13 million barrels per day in the first quarter of 2020, the bloc’s analysis arm said on Wednesday, highlighting the production discipline members will need to display to keep the oil market balanced. Source Punch Read More


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PROSHARE TECHNOLOGY   

Accion 2019 Seminar Explores How MFBs Can Deepen Financial Inclusion - Stakeholders at the recently held 2019 Accion Microfinance Bank Seminar on Financial Inclusion emphasized the need for Microfinance banks to leverage digital technology to increase their lending activities, deepen financial inclusion and expand micro, small and medium -scale sector businesses. Source Proshare Read More 

FG Targets 95% Digital Literacy in Two Years - The Minister of Communications and Digital Economy, Dr. Isa Pantami has promised that the federal government will facilitate 95 per cent digital literacy skills in the next two years in the country. Source Thisday Read More


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PROSHARE FINANCE

A Village Made Me - Our Collective Story of Humble Beginnings - The allure of speaking with the alumni must have caught up with me so much that I was considering delivering the speech ex tempore, without guiding notes; not because I took the audience for granted but because the issues I would be addressing is drawn from personal insight - an experiential account. Source Olufemi Awoyemi Read More 

NSE CEO's Speech At The Insurance Sector Forum - On behalf of the National Council and Management of The Nigerian Stock Exchange (NSE), I am delighted to welcome you to this Insurance Sector Forum. We are pleased to host this forum as it is part of our strategic efforts towards supporting the insurance sector, especially at this pivotal time of recapitalization. Source NSE Read More

 

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