Nigeria in 1min: Economic, Business and Financial Headlines - 191219

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Thursday, December 19, 2019 / 7:00 AM / By News Aggregator / Header Image Credit: @NigeriaGov

 

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PROSHARE ECONOMY 

FIRS Gives 7-Day Notice To Tax Defaulters; To Commence Nationwide Enforcement - The FIRS hereby informs all taxpayers (individuals, partnerships Enterprises, Corporate organisations, Ministries, Departments and Agencies) who are in default of payment of taxes arising from self-assessment, tax audit, tax investigation, transfer pricing audit, demand notices and any other liabilities, that the Service will commence a NATIONWIDE TAX ENFORCEMENT EXERCISE with a view to prosecuting defaulters and recovering all outstanding tax liabilities. Source FIRS Read More 

FG Generates N4.25trn in 2019 - Finance Minister - The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed on Wednesday announced that the revenue performance prorated to third quarter of 2019 is 4.25 trillion. Source Vanguard Read More 

FG, States, LGs Share N635.826bn for November - The Federation Account Allocation Committee (FAAC) wednesday in Abuja shared a total of N635.826 billion as federal allocation for the month of November to the federal t, states and local government councils. Source Thisday Read More 

 

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PROSHARE REGULATORS 

CBN Issues Licences To 15 Mobile Money Operators - The Central Bank of Nigeria has issued licences to 15 mobile money operators as part of its drive towards increasing financial inclusion. To further address observed absence of a widespread agent network, and concentration of agents in the urban areas, the CBN said it had released guidelines for mobile money services in Nigeria. Source Punch Read More

 

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PROSHARE MARKETS  

Treasury Bill Auction Holds On Wednesday Dec 18th, 2019 - A primary auction of Nigerian Treasury Bills will take place today Wednesday, December 18th, 2019. Source Arthur Stevens Asset Read More 

Investors Gain N2.56bn As NSEASI Inches Up By 0.02% Amid Negative Market Breadth - Equities market closed today on a positive note, as NSEASI appreciated by +0.02% to close at 26,665.73 points as against -0.13% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -15.16%.  Source Proshare Markets Read More 

Forte Oil Announces Resolutions Passed at Its EGM; Changes Name to ARDOVA Plc - Forte Oil Plc announces the resolutions passed by the Board at its Extraordinary General Meeting which held on the 17th day of December, 2019. Source NSE Read More 

 

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PROSHARE BUSINESS

Tariffs, Trade Tensions Worry Fortune 500 Ceos: U.S. Chamber Of Commerce - Tariffs and trade tensions are a huge source of worry for U.S. companies, with nearly half of Fortune 500 companies referencing such concerns during last quarter's earnings calls, the U.S. Chamber of Commerce said on Thursday. Source Reuters Read More

Longtime China Watchers Predict What's Next for Slowing Economy - China's economy started the decade in a boom and will end it suffering the worst slowdown since the early 1990s.What comes next? Bloomberg asked some of the world's most prominent China watchers, several of which distinguished themselves over the past 10 years with prescient forecasts or market-beating returns. Source Bloomberg Read More

Crude Oil Prices Rise After Bullish EIA Report - Oil prices recouped some of their losses on Wednesday after the Energy Information Administration reported a crude oil inventory draw for the week to December 13. The draw came in at 1.1 million barrels, which compared with analyst expectations of a 1.92-million-barrel draw and a build of 800,000 barrels for the previous week, according to OilPrice. Source Punch Read More

 

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PROSHARE TECHNOLOGY   

Adesina, Ehimuan, Toyosi Ogunsiji Emphasize Digital Skills for Nigeria's 4th Industrial Revolution - Nigeria's chances of becoming a globally competitive economy in the age of the fourth industrial revolution (4IR) hinge on critical investments in digital skills. Source WebTV Read More 

Identifying The 4 Pillars for Achieving Nigeria's Financial Inclusion Target - Patrick Akinwuntan - At the recent 2019 Accion Microfinance Bank Financial Inclusion Seminar, the Chairman of the Board, Accion MFB, Mr. Patrick Akinwuntan, in an interview with WebTV, gave his views on reducing the exclusion gap to 20% in 2020. Source WebTV Read More

 

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PROSHARE MSME 

SME: Ecobank Moves Into Top Five Ranking In The 2019 Nigeria Banking Customer Experience Survey - The 2019 Nigeria banking industry customer experience survey report recently published by KPMG Nigeria showed that Ecobank Nigeria recorded significant improvement in the SME segment of the survey. Source Proshare Read More 

 

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