Nigeria in 1min: Economic, Business and Financial Headlines – 121018

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Friday October 12, 2018 / 7:00 AM / Proshare News

 

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PROSHARE ECONOMY

MMA2: Aviation Unions Call Off Strike - Aviation unions under the aegis of Air Transport Services Senior Staff Association of Nigeria, the National Union of Air Transport Employees and the National Association of Aircraft Pilots and Engineers on Thursday night called off their strike action against Bi-Courtney Aviation Services Limited. Source Punch Read More 

NIMASA Bars Oil Companies From Cabotage Waivers - It is definitely no more business as usual for the oil multinationals in the country as the Nigerian Maritime Administration and Safety Agency (NIMASA) has barred them from enjoying waivers under the Cabotage regime. Source Guardian Read More 

Senate Set For Showdown With Executives Over INEC Budget - The Senate appears to be heading on a collision course with The Presidency over the funding of the N189 billion approved for the 2019 elections as the upper legislative body yesterday vired the money from N500bn Special Intervention Programme approved in the N9.12 trillion 2018 budget. Source Thisday Read More 

Global Food Prices Drop Amid Robust Supplies - World food prices slipped last month, with only sugar posting a rise, the Food and Agriculture Organisation (FAO) has said. Source Nation Read More 

 

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PROSHARE MARKETS

MEDVIEWAIR: Share Price Fails To React To News On Developments In Airline-The share price of MEDVIEWAIR has remained static in recent time. SourceProshare Read More 

NSEASI Erases Previous Day Loss to Resume Uptrend; Inches Up by 0.11%-Equities market closed today on a positive note, as NSEASI appreciated by +0.11% to close at 32,417.82 basis points as against -0.11% depreciation recorded previously. Source Proshare Read More 

Eterna Plc Share Price Remains Flat, Three Days After Announcing N10bn Capital Raise-Following the public announcement of the proposed issuance of a N10 billion,  270-day Commercial Paper by EternaPlc (an integrated oil & energy company); its share price has remained flat in the last three (3) trading days. Source Proshare Read More 

Oil Prices Dip By 2.5% Amid U.S. Inventory Data Concerns - Oil prices slumped to more than two-week lows yesterday, as global stock markets fell, with investor sentiment made more bearish by the United States government data that showed domestic crude inventories rose more than expected last week. Source Guardian Read More

 

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PROSHARE BUSINESS

Airlines Lose Over N400 Million To MMA2 Closure - Local airlines yesterday recorded losses in excess of N400 million over the closure of Murtala Muhammed Airport II (MMA2) and disruption of flight activities on Wednesday. Source Guardian Read More

 

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PROSHARE TECHNOLOGY

 

Firstbank To Host Fintech Summit On Oct 17 - The Future Of Banking – The Role Of AI And Big Data -In line with its corporate strategy to drive transformation through its products, processes and services, FirstBank has announced a three-day Financial Technology (FinTech) summit. Source ProshareRead More 

Crypto is the Mother of All Scams, While Blockchain Is The Most Over-Hyped Technology Ever - Chairman Crapo, Ranking Member Brown and members of the committee, thank you for the opportunity to testify today on the topic of the Cryptocurrency and Blockchain Ecosystem. Source Proshare Read More

 

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