Nigeria in 1min: Economic, Business and Financial Headlines - 171219


Tuesday, December 17, 2019 / 7:00 AM / By News Aggregator / Header Image Credit: @nsenigeria


Click Here To Read Latest News Updates



AFEX Commodities Exchange Secures Investment from Consonance Investment Managers - AFEX Commodities Exchange Limited (AFEX), a market leading commodity exchange in Nigeria, today announced it has secured an investment for an undisclosed amount from Consonance Investment Managers, a Sub-Saharan Africa focused early-stage and growth investment firm. Source AFEX Nigeria Read More 

Nigeria's Border Closure And The AfCFTA …Towards Alignment of Objectives - On 29th April 2019, Nigeria signed the African Continental Free Trade Agreement (AfCFTA), in the process satisfying the ratification threshold of twenty-two (22) African Union member states for the agreement. The goal was clear - to increase intra-African trade by eliminating cross-border tariffs and non-tariff barriers to trade. Source Meristem Research Read More

Refineries Lost N111bn In Nine Months, Says NNPC - The three refineries owned by the Federal Government lost a total of N111.27bn from January to September this year, the Nigerian National Petroleum Corporation said in its September report. Source Punch Read More 

Foreign Reserves Drop By $558.68m In Two Weeks - The country's foreign exchange reserves continued its downward trend as it dropped from $39.8bn on November 11 to $39.24bn on December 13, latest figures from the Central Bank of Nigeria have revealed. Source Punch Read More 

Despite Concerns over Rising Debts, Senate to Approve Buhari's $30bn Loan Request - Despite huge concerns over Nigeria's rising debt profile, the President of the Senate, Dr. Ahmad Lawan, yesterday said with sufficient information supplied by the federal government to back its request to borrow $29.9 billion, the Senate would approve the external loan request. Source Thisday Read More


Click Here to Read More News on Economy

Proshare Nigeria Pvt. Ltd.



Bank Equity Returns Do Not Look So Good in 2019 - As the year 2019 rolls up, the investment returns on bank stock market prices have dropped lower than historical averages.  The year-to-date (YTD) return on bank equity stock prices has mostly lagged behind the returns on Fixed Deposit accounts. Source TheAnalyst, with contributions from Proshare research unit and Associate analysts Read More  

FX Policy To Carry On As Is - FBNQuest - The CBN and the monetary policy committee like to share the success of their "heterodox" policies on the exchange rate, strategy in debt markets and development finance. On the exchange rate, the policy has been a resounding success on the CBN's chosen criteria. Source FBNQuest Research Read More 

Afrinvest Stock Recommendation For The Week 161219 - Last week, the local bourse closed in the red extending the previous week's losses as the All-Share Index (ASI) shed 1.2% w/w to settle at 26,536.21 points. As a result, YTD loss worsened to –15.6% while market capitalisation declined by N218.2bn to N12.8tn. Source Afrinvest Research Read More 

LAPO MFB SPV PLC Series 2 Bond Is Coming Soon - We wish to inform you that LAPO MfB's (up to) NGN6 billion Fixed Rate Senior Unsecured Bonds, the 2nd Series under its NGN20 billion Debt Issuance Programme is coming soon. The bonds will be issued by LAPO MFB SPV PLC (the "Issuer"), a wholly-owned subsidiary of LAPO Microfinance Bank Limited (the "LAPO MfB" or the "Bank"). Source Arthur Stevens Asset Mgt  Read More 

Bullish Streak Extends to Fifth Consecutive Week as Robust System Liquidity Spurs Demand - The demand in the Nigerian Treasury bills ("NT-Bills") secondary market last week intensified as the impact of the CBN's policy to restrict domestic investors from the OMO market coupled with robust system liquidity levels continued to bolster market sentiments. Source Afrinvest Research Read More 

Fixed Income Quarterly Q4 2019: Time to Pause for Breath - The international landscape has slightly improved over the past quarter. Talk of global recession is now rarely heard, and leading equity markets remain in good shape. The US Federal Reserve has called a halt to its easing and does not see any change in 2020 unless the external environment deteriorates.  Source FBNQuest Research Read More 

Investors Gain N76.73bn As NSEASI Inches Up By +0.60%; Erases Previous Day Loss - Equities market closed today on a positive note, as NSEASI appreciated by +0.60% to close at 26,695.18 points as against -0.13% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -15.07%.  Source Read More 


Click Here to Read More News on Markets


Proshare Nigeria Pvt. Ltd.



FG Eyes $23tn Emerging Markets Funds to Combat Climate Change - The federal government is to deepen its climate financing activities by tapping into international climate funds next year. Thisday gathered that the federal government would next year intensify efforts to attract significant portion of the nearly $23 trillion in climate-smart investments available in emerging markets. Source Thisday Read More 

Court Awards Disputed Soku Oilfield To Rivers, Orders Bayelsa To Refund Derivation Funds - Bayelsa State is to refund the 13 per cent derivation it has received over the years from the disputed Soku oilfield to its neighbouring Rivers. The development followed a ruling of a Federal High Court sitting in Abuja yesterday which held that the facility, located in Akuku-Toru Local Council of Rivers State, belonged to the latter. Source Guardian Read More

Oil Poised Near Three-Month Highs On U.S.-China Trade Hopes, Supply Cuts - Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, set to stoke oil demand in the world's biggest economies. Source Reuters Read More 


Click Here To Read More News on Business

Proshare Nigeria Pvt. Ltd.



How The NSE Promotes Investor Education in Non-Interest Finance - Jude Chiemeka - As Nigeria continues to tap into the opportunities that non-interest financing and Sukuk provide, the Nigeria Stock Exchange (NSE) has restated its commitment to driving investor education and capacity building in this area of capital market funding. Source Proshare Read More 


Click Here to Read More News on Finance


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd. Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd. Proshare Nigeria Pvt. Ltd.

Click Here To Watch More Videos 

Related News

1. What To Expect From The Markets This Week- 161219

2. Nigeria in 1min: Economic, Business and Financial Headlines - 161219

Related News