Nigeria in 1min: Economic, Business and Financial Headlines – 061118

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Tuesday 06, 2018 / 7:00 AM / Proshare News

 

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PROSHARE ECONOMY

Ibe Kachikwu, Adewale Tinubu And Others Represent Nigeria At The 25th Africa Oil Week- This year, Africa Oil Week (AOW) the continent's leading oil and gas gathering bringing over a thousand key industry players annually, celebrates its 25th year. Source Proshare Read More 

TSA, BVN, Others Save Nigeria N24.7b Monthly - President Muhammadu Buhari yesterday said about N24.7 billion was being saved monthly as a result of the implementation of Treasury Single Accounts (TSA) scheme, the Integrated Payroll and Personnel Information System (IPPIS) and the Bank Verification Number (BVN), among other measures. Source Nation Read More 

America’s $1.3bn Investment In Nigeria Threatened – Consul General -  United States High Commission Consul General John Bray has said an estimated $1.3billion American businesses in Nigeria are currently under threat. Source Sun Read More 

History of NLC Strikes in Nigeria - Baring any change in the tripartite meeting between the Nigerian Labour Congress, Organized Private Sector and the Federal Government today, Nigeria could be witnessing another round of a nationwide strike that will impact the economy. Source Proshare Read More

 

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PROSHARE REGULATORS

FRC Publishes Thematic Review Findings Of IFRS9 and IFRS15 Company Disclosures- The Financial Reporting Council (FRC) has today published two thematic reviews to help companies improve the quality of their corporate reporting in relation to the new accounting standards IFRS 9 ‘Financial Instruments’ and IFRS 15 'Revenue from Contracts with Customers’. Source Proshare Read More 

We Must Step Up Regulations For Technology-Driven Process - Mary Uduk is the Acting Director-General of Nigeria’s Securities and Exchange Commission (SEC). The unassuming professional, whose concern is about repositioning the capital market as a resort for investment financing for the private and public sectors. Source Guardian Read More 

 

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PROSHARE MARKETS

November 2018 FGN Savings Bond Offer for Subscription-Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, LFN 2004. Source Proshare Read More 

Diamond Bank Plc Postpones 9M 2018 Conference Call Due to Unforeseen Circumstances- The 9M 2018 Conference Call of Diamond Bank Plc earlier scheduled to hold today has been postponed due to unforeseen circumstances. Source Proshare Read More 

Stock Recommendation for The Week 051118- Last week, the local bourse posted a negative performance as the All Share Index (ASI) -Source Proshare Read More 

The October 2018 Nigerian Capital Market Service Report – Proshare- Nigeria’s Equities Market closed the month of October 2018 further in red as NSEASI dipped by -0.92% as against -5.97% loss recorded in the month of September 2018 while market YTD performance dished further in the negative territory as it stood at-15.11% at the end of the month under review. Source Proshare Read More 

NSEASI Closes The Day Down By -0.24% To Open The Week Negative- Equities market closed today on a negative note, as NSEASI depreciated by -0.24% to close at 32,048.18 basis points as against +0.37% appreciation recorded previously. Source Proshare Read More 

$3.1bn Sale To Bdcs Sustained Naira Stability – ABCON - The Association of Bureaux De Change Operators of Nigeria has said that the 163 per cent increase in dollar sales to bureaux de change, to the tune of $3.1bn in the first half of the year, helped to sustain exchange rate stability and protected 25,000 jobs in the subsector. Source Punch Read More 

Short Tenor T-Bills Rally following Rise in System Liquidity - Bond yields compressed by c.7bps in today’s session, as risk off sentiments moderated slightly on the longer end of the curve. We also witnessed some interests on the shorter end of the curve (20s & 21s), due to the signifcantly robust system liqudity levels.Despite occasional pullbacks, the overall market trend is expected to remain bearish, due to expectations for a further uptrend in monthly inflation and for sustained higher yield levels in the T-bills market. Source Proshare Read More

 

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PROSHARE BUSINESS

Paint Consumption In Nigeria Hits N96bn - Despite the prevalent harsh business terrain in the country, paint manufacturers said that consumption of the product is currently on the increase with the figure put at N96.50 billion as at the third quarter of this year. Source Leadership Read More 

How Government And Its Agencies Can Be More Efficiently Run – The BOI Example - The Nigerian government, like many other countries is under pressure to improve public sector performance without further increase in expenditure growth. Indeed, as we have seen with most of government ministries, departments and agencies (MDAs); containing expenditure growth is as much a challenge as maximizing and drawing value from its balance sheet as it moves towards becoming accountable for its use of taxpayers’ money. Source Proshare Read More

 

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PROSHARE TECHNOLOGY

The Difference Between Artificial Intelligence and Machine Learning - The modern resurgence in AI interest has been fueled by advancements in a very specific kind of computing: machine learning. We often use artificial intelligence and machine learning interchangeably here at Emerj, but many computer scientists like to separate the two. There is (and likely always will be) a debate in the field over what exactly constitutes artificial intelligence. Some computer scientists do not consider computing capabilities AI unless they involve machine learning. Source Proshare Read More

 

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PROSHARE FINANCE

Which Car Companies Are Best To Invest In? In  the  world  of  investments,  there  are  many  options  out  there  to  explore. Source Proshare Read More 

AI for Claims Processing and Underwriting in Insurance – A Comparison of 6 Applications - As of now, only a relative few companies claim to use AI to assist insurers in processing claims and underwriting, and many of them are just getting off the ground. In other words, AI solutions for claims and underwriting automation are still in their infancy relative to other AI solutions, such as for fraud detection. Source Proshare Read More

 

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