Nigeria in 1min: Economic, Business and Financial Headlines – 101018


Wednesday October 10, 2018 / 7:00 AM / Proshare News


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Buhari Writes Senate, Seeks Approval For $2.786bn Eurobond - The Senate received an Executive communication from President Muhammadu Buhari asking the National Assembly to approve a request for  for the issuance of  $2.786 billion Eurobond for partial financing of the 2018 budget’s fiscal deficit. Source Thisday Read More 

IMF Says Nigeria’s Economy Doing Poorly, Cuts Growth Projection- The International Monetary Fund (IMF) has cut the growth projections made for Nigeria to 1.9 percent from 2.1percent, saying the country’s economy is doing poorly. Source Vanguard Read More 

NNPC Adopts New Measures To Ensure Fuel Availability - The Nigerian National Petroleum Corporation, NNPC, has adopted new measures targeted at enhancing fuel supply nationwide in the next six months and beyond. Source Vanguard Read More 

Fed Govt Begins Settlement Of N22.6b To Ex - Nigeria Airways workers entitlements next week - The Federal Government will next Monday commence the final  verification and payment of N22.6 billion entitlements to all former staff of the defunct Nigeria Airways. Source Daily Trust Read More 

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Flour Mills of Nigeria Plc Bond Issuance Closes Today -Thank you for your interest in Flour Mills of Nigeria Plc (“FMN” or the “Company”)Bond Issuance of up to N30 billion across two tenors –  (i) a 3-year (“Series 1”), (ii) a 5-year (“Series 2”),  (collectively referred to as “the Issuance”) under its N70 billion Bond Issuance Programme. Source Proshare Read More

 Nigeria’s Equities Market Halts Uptrend As NSEASI Pares Gain; Sheds -0.08% - Equities market closed today on a negative note, as NSEASI depreciated by -0.08% to close at 32,417.70 basis points as against +0.19% appreciation recorded previously. Source Proshare Read More


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Shell MD, Two Others Jailed For Disobeying Court Order - A High Court sitting in Port Harcourt, the Rivers State capital, has sentenced the Managing Director of Shell Petroleum Development Company, Mr Osagie Okunbor, and two other top officials of the oil firm to three months’ imprisonment with hard labour for contempt. Source Punch Read More 

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5 Ways To Get Rid Of Revolving Debt-Are you stuck with revolving debt? The revolving debt has a variable interest rate. You do not have to pay a fixed amount for revolving debt each month. This kind of debt does not have any specific terms as well. Source Proshare Read More 

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Google Launches Pixel 3, Pixel 3 XL Smartphones, Connected Speaker With Screen - Google on Tuesday launched a new version of its connected speaker with a touchscreen display designed to be a hub for smart home devices but without a camera for privacy reasons. Source Guardian Read More 

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