Nigeria in 1min: Economic, Business and Financial Headlines - 291119

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Friday, November 29, 2019 / 06:50 AM / By News Aggregator / Header Image Credit: @FMoCDENigeria      

       

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PROSHARE ECONOMY 

Macro-Economic Outlook and Implications For The Ability Of Banks To Grow Loans To The Private Sector - Text of the keynote address to the alumni of Lagos Business School on 21 November 2019. Source Bode Agusto Read More 

Infrastructure, Education and Works Get Priority in Makinde's N208bn 2020 Oyo State Budget - Being the 2020 Budget Speech delivered by His Excellency, Seyi Makinde, Governor of Oyo State; at the Oyo State House of Assembly on Wednesday, November 27, 2019. Source News Room Read More  

Again, Buhari Presents Rejected 2016-2018 External Borrowing Plan Request To The Senate - President Muhammadu Buhari, yesterday wrote to the Senate, again requesting for the approval of 2016- 2018 External Borrowing by the Federal Government. Acccording to the President, the loan would be used to execute key Infrastructural projects across the country. Source Vanguard Read More 

 

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PROSHARE MARKETS 

Nigerian Capital Market Enrolled 2.8m Shareholders For E-Dividend In 2019 -Mary Uduk, Ag DG, SEC - About 2.8m Nigerians enrolled for the e-dividend mandate scheme in Q3, 2019. The Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk disclosed at a recent Capital Market Committee (CMC) press briefing in Lagos. Source Proshare  Read More

Investors Gain N16.60bn As NSEASI Inches Up By 0.13%; Halts Two-Day Negative Posture - Equities market closed today on a positive note, as NSEASI appreciated by +0.13% to close at 26,824.50 points as against -0.35% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -14.65%. Source Proshare Read More 

 

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PROSHARE BUSINESS 

MTNN Becomes First in West Africa to Conduct Trial of 5G Technology - MTN Nigeria Communications PLC (MTN Nigeria) has successfully conducted a trial of 5G technology and applications. MTN Nigeria is the first Mobile Network Operator in West Africa to do so. This is the result of a strong collaboration between the Ministry of Communications Technology and Digital Economy, the Nigerian Communications Commission (NCC), MTN Nigeria and its partners. Source NSE Read More 

Future Of Work - Employers across the region already identify inadequately skilled workforces as a major constraint to their businesses, including 41% of all firms in Tanzania, 30% in Kenya, 9% in South Africa and 6% in Nigeria. Source Deloitte Read More 

FG Deducts N35.51bn From States' Allocations As Bail-Out - The Federal Government deducted the sum of N35.51bn from allocation made to the states for external debt servicing, contractual obligations and others. The deductions, which were for the month of September, were made from the allocations given to state governments from the Federation Account. Source Punch Read More

NPA, Port of Antwerp Sign Five-year Deal to Enhance Operations - In a bid to enhance the efficiency of operations in the nation's seaports, the Nigerian Ports Authority (NPA) has signed a five-year partnership agreement with the Port of Antwerp International (PAI). Source Thisday Read More

Telcos Claim N15tr Contribution To Economy, Demand Protection -  Telecoms operators have contributed over N15 trillion to the Nigerian economy since the revolution started 18 years ago, latest data from the Association of Licensed Telecoms Operators of Nigeria (ALTON) have shown. Source Guardian Read More 

FG To Revamp Refineries For Improved LPG Production As Import Rises - With importation of Liquefied Petroleum Gas (LPG) maintaining a steady rise against local production, the Federal Government has said it would rehabilitate the Warri, Port Harcourt and Kaduna Refineries to achieve local production of 360,000 MTPA of Liquefied Petroleum Gas (LPG) by 2023. Source Guardian Read More

Stocks Hesitate Just Short Of New Peaks As Clouds Darken Over U.S.-China Ties - Asian markets slipped on Friday leaving global shares just short of an all-time peak as investors turned cautious, fearing a new U.S. law backing Hong Kong protesters could torpedo efforts to end the U.S.-China trade war. Source Reuters Read More 

 

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PROSHARE FINANCE

Nigeria's Pension Assets Hit N9.58trn - PenCom - The Director General, who disclosed this at a workshop organized for journalists by the commission, titled "Expanding Coverage of the Pension Industry", said contributors to the Contributory Pension Scheme (CPS) had also grown to 8.85 million. Source Dailytrust Read More 

 

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