Nigeria in 1min: Economic, Business and Financial Headlines - 201219


Friday, December 20, 2019 / 7:00 AM / By News Aggregator / Header Image Credit: @NigeriaGov


Click Here To Read Latest News Updates



Budget: FG Completes Just 31.7% of Constituency Projects - While the Muhammadu Buhari presidency may have finally returned Nigeria to a January - December budget cycle, concerns now turn to actual implementation of the budget given Nigeria's history of sub-optimal budget implementation. Source CSL Research Read More 

Striking The Right Balance Between Sustainable Development and Sustainable Debt - Over the past two decades, sub-Saharan Africa has made considerable economic progress: extreme poverty levels have declined by one third; life expectancy has increased by a fifth; and real per capita income has grown by about 50 percent on average. Source Kristalina Georgieva, IMFBlog Read More 

Solving The Liquidity Crunch In The Nigerian Power Sector - The Economic Recovery and Growth Plan (ERGP) contains the federal government's position to diversify the economy away from oil towards developing the agricultural and manufacturing sectors. Source PwC Nigeria Read More 

FG Generates N4.25tn, Stops 2019 Capital Budget Releases - The Federal Government has ruled out any possibility of releasing additional funds to finance the capital components of the 2019 budget. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who confirmed this during the public presentation of the 2020 budget in Abuja on Thursday, also disclosed that government's revenue as of the end of September stood at N4.25tn. Source Punch Read More 

Price Of Nigeria's Bonny Light Rises Further To $67.37 - The price of Bonny Light, Nigeria's premium oil grade, has risen further from $66.07 to $67.37 per barrel in the global market, as the Organisation of Petroleum Exporting Countries, OPEC, moves to enforce its recent 500,000 barrel per day, bpd oil output cut. Source Vanguard Read More


Click Here to Read More News on Economy


Proshare Nigeria Pvt. Ltd.



Summary of FGN Bond Auction Results For December 2019 - Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 14.55% FGN APR 2029 (Re-opening 10-Year Bond) & 14.80% FGN APR 2049 (Re-opening 30-Year Bond). Source DMO Read More 

VANLEER Notifies of Board Meeting Resolutions; To Delist from NSE - Greif Nigeria Plc announces the resolutions passed at its Board meeting which was held on Thursday, 12th December, 2019. Source NSE Read More 

Investors Lose N38.07bn As NSEASI Dips By -0.30%; Erases Previous Day Gain - Equities market closed today on a negative note, as NSEASI depreciated by -0.30% to close at 26,584.45 points as against +0.02% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -15.42%.  Source Proshare Markets Read More 

Investments In Mutual Funds Hit N956.7bn In 11 Months - Total investment in mutual funds has grown to N956.7bn as of December 6, 2019. Data obtained from the Securities and Exchange Commission on Thursday showed the value of mutual funds increased by 53.91 per cent from N621.6bn on December 28, 2018 to N956.7bn on December 6. Source Punch Read More


Click Here to Read More News on Markets


Proshare Nigeria Pvt. Ltd.



NIRC To Create Awareness On Integrated Thinking And Reporting - Members of the Nigerian Integrated Reporting Committee (NIRC), at its recent gathering in Lagos, identified three pillars that will be pivotal to the promotion of Integrated Reporting in Nigeria. Source NIRC Read More

NIPOST Workers Fault Ceding Stamp Duty To FIRS - Workers of the Nigerian Postal Service on Thursday staged a protest at the headquarters of the Ministry of Finance over the plan by the Federal Government to cede stamp duty collection to the Federal Inland Revenue Service. Source Punch Read More 

Banks Earn N135.15bn From E-Payments In Nine Months - The adoption of electronic channels for financial transactions has earned 10 deposit money banks about N135.15bn revenue in the first nine months of the year ended September 30.Analyses of the unaudited 2019 third quarter reports of 10 banks showed that their revenue from electronic transactions grew by 57 per cent as against the N86.312bn they earned from January to September 2018. Source Punch Read More 

Apapa Gridlock: Freight Forwarders Want NPA Overhaul Call-up System - Freight forwarders operating in the Lagos ports have called on the Nigerian Ports Authority (NPA) to re-arrange its call-up system, stressing that the current system has failed. Source Thisday Read More 

China Says In Touch With U.S. On Signing Of Phase 1 Trade Deal - China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods. Source Reuters Read More 


Click Here To Read More News on Business


Proshare Nigeria Pvt. Ltd.


Digital Technology Will Enhance MFB Operations in Nigeria - Victor Mba - As  Microfinance banks in Nigeria reposition to deepen financial services across the nation, technology offers a great opportunity to leapfrog and provide efficient banking services to improve financial inclusion, said Mr. Victor Mba, Head of Intelligence at Phillips Consulting limited. Source WebTV Read More


Click Here to Read More News on Technology


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

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

4. Nigeria in 1min: Economic, Business and Financial Headlines - 181219

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

Related News