Nigeria in 1min: Economic, Business and Financial Headlines – 021118

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Friday 02,, 2018 / 7:00 AM / Proshare News

 

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PROSHARE ECONOMY

Manufacturing PMI Stands at 56.8% in October 2018 from 56.2% in September 2018-The October 2018 PMI survey was conducted by the Statistics Department of the Central Bank of Nigeria during the period October 8-12, 2018. The respondents were purchasing and supply executives of manufacturing and non-manufacturing organizations in all 36 states in Nigeria and the Federal Capital Territory (FCT) (Fig. 1). Source Proshare Read More 

What Will Be The Impact Of #Elections2019 On Business - Critical Issues By Doyin Salami (2)- From the presentation presented on October 25, 2018 at the LBS alumni Networking Lunch by Dr. Doyin Salami, Chiar, NESG Economics Faculty and member of faculty, Lagos Business School, which focused on the theme  “2019 Elections And Your Business”. Source Proshare Read More 

How Corporates Are Faring Going Into #Elections2019 – Doyin Salami (3)- From the presentation presented on October 25, 2018 at the LBS alumni Networking Lunch by Dr. Doyin Salami, Chiar, NESG Economics Faculty and member of faculty, Lagos Business School, which focused on the theme  “2019 Elections And Your Business”. Source Proshare Read More 

The Changing of the Guard: Shifts in Commodity Demand – Commodity Markets Outlook - Commodity prices in the third quarter of 2018 were buffeted by geopolitical and macroeconomic events. Energy prices gained 3 percent in 2018 Q3 (q/q), partly in response to the impending re-imposition of sanctions on Iran by the United States along with continuing declines in production in Venezuela. As a result, crude oil prices are expected to average $72 per barrel (bbl) in 2018 (up from $53/bbl in 2017) and $74/bbl in 2019. Source Proshare Read More 

Improvement in Nigeria’s Business Environment Could Boost Activities Within The Agriculture Value Chain - Nigeria’s Ease of Doing Business score improved 2.66% to 52.89 (of 100) in 2018. The improved score is reflective of successful business reforms by the Presidential Enabling Business Environment Council (PEBEC). Source Proshare Read More 

2018 Budget: FG Spent N3.64tn In Eight Months - Between January and August this year, the Federal Government spent a total of N3.64tn to finance some of its programmes and projects as captured in the 2018 budget. Source Punch Read More

 

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PROSHARE REGULATORS

Moving From Caveat Emptor To Regulation – Nigeria’s Online Retail Forex Trading Market– The Online Retail Forex Trading In Nigeria - Forex (FX, foreign exchange, or currency trading), is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. Source Proshare Read More 

Banks Refund N6.8bn Excess Charges To Customers - THE Central Bank of Nigeria, CBN, yesterday, disclosed that commercial banks have refunded N6.8 billion excess charges to their customers in the first half of 2018, H1’18. Source Vanguard Read More 

 

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PROSHARE MARKETS

FBNQuest Merchant Bank Limited Commercial Paper - Offer Extension Till Nov 02-The ongoing book building offer for the FBNQuest Merchant Bank Limited Series 3 & 4 Commercial Paper offer which opened on Monday 29th October 2018 has been extended to close on Friday, 2nd November, 2018. Source Proshare Read More 

NSE Suspends UNITYBNK, FORTISMFB and Four Other Listed Companies From Trading Effective Today - Pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (“Default Filing Rules”). Source Proshare Read More 

Sell Pressure Persists as NSEASI Sheds -1.42% - Equities market closed today on a negative note, as NSEASI depreciated by -1.42% to close at 32,006.65 basis points as against -2.12% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -16.31%. Source Proshare Read More 

UNITYBNK Declares N14.92bn Loss in 2017 Audited Results as Interest Income Grows by 25% (SP:N0.78k). Source Proshare Read More 

Union Bank of Nigeria Plc Q3 2018 Conference Call and Earnings Presentation - The Key Takeaways - The bank, in its presentation gave an overview of the operating environment by stating the macroeconomic conditions within the period under review, regulatory updates within its industry of operations and national priorities and consumer trends. Proshare Read More 

UNITYBNK Releases Q1, Q2 and Q3 2018 Results; Declares N585.84m PAT in Q3 (SP:N0.78k) - Financial performance declined in 2017, as the Bank took the bold action to tackle the lingering effects of legacy problems, which were further exacerbated by the severe economic downturn witnessed in the Nigerian Economy. Source Proshare Read More

 

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PROSHARE BUSINESS

Firms Identify Insufficient Power Supply And Access to Credit as Major Factors Constraining Business-Respondent firms expressed optimism on the macro economy in October 2018. Source Proshare Read More                                                                                                                                  

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