Nigeria in 1min: Economic, Business and Financial Headlines – 020119

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 Wednesday January  02, 2019 / 7:00 AM / Proshare News 

 

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PROSHARE ECONOMY

NBS Publishes 2017 Social Statistics Report - The growing interest and need for data on Nigeria, in recent times, has resulted mainly from concerns on the part of policymakers, investors, businesses and citizens regarding the socio-economic conditions that face the Nigerian population. Source NBS Read More

FAAC Disburses N698.71bn in October 2018 - NBS - The Federation Account Allocation Committee (FAAC) disbursed the sum of N698.71bn to the three tiers of government in October 2018 from the revenue generated in September 2018. Source NBS Read More

Ambode Swears-in New Head of Service, 6 Perm Secs; Charges Them to Inject Fresh Ideas - Lagos State Governor, Akinwunmi Ambode, yesterday swore in Mr. Hakeem Muri-Okunola as the twenty-first (21st) Head of Service (HOS) of the State, with a charge on him to inject fresh ideas. Source Lagos State Read More 

N273.50bn Generated as VAT in Q3 2018 - NBS - Sectoral distribution of Value Added Tax (VAT) data for Q2 and Q3  2018 reflected that the sum of N273.50bn was generated as VAT in Q3 2018 as against N266.73bn generated in Q2 2018 and N269.79bn in Q1 2018 representing 2.54% Increase Quarter-on-Quarter and 9.16% increase Year-on-Year.  Source NBS Read More 

Power Ministry Budgets N168m for Generators, Fuel - As the Federal Ministry of Power, Works and Housing strives to improve the country’s power supply, it is also making budgetary proposals for the purchase, maintenance and fuelling of generators at its headquarters and various agencies. Source Punch Read More

Nigeria’s Daily Crude Oil Production Increases By 9% - Nigeria’s daily crude oil production increased by about 2.09 million barrels in 2018, translating to a nine per cent rise when compared with the 2017 average daily production of 1.86 million barrels. Source Punch Read More

 

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Customers To Access 3,100 Access-Diamond Bank ATMs Free By January 1st, 2019 - With effect from January 1, 2019, customers of Access Bank plc and Diamond Bank plc can have access to over 3,100 Automated Teller Machines (ATMs) free of charge. Source Hope Moses-Ashike of BusinessDay Read More


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Five Years Of Spreading Luck - Everyone Needs A Little Help - In business the role luck plays in success and personal achievement is rarely discussed. If luck is mentioned, it is done with slight condescension. Source Tony Elumelu Read More

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