Nigeria in 1min: Economic, Business and Financial Headlines – 141118

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Wednesday November 14, 2018 / 7:00 AM / Proshare News

 

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PROSHARE ECONOMY

Refocusing The Single Digit Pricing For DFI Debate -This is a very interesting debate. It is a fragment of the general debate about the efficacy of using subsidies to promote industrial and economic development. Source Proshare Read More 

Nigeria To Raise Oil, Condensate Outputs In 2019 - Nigeria is to increase its daily oil production to 1.8 million in 2019. It would also raise its condensate output by 0.5 million bpd during the period. Source Guardian Read More 

No Money, No Unemployment Data, Nigeria's Head Statistician Says - Nigeria hasn’t released official unemployment data for more than a year because of a lack of money at the statistics office. Work on the nation’s jobless figures, the most recent of which are for the third quarter of last year, “can’t be completed due to budgetary releases,” Statistician-General Yemi Kale said Tuesday on Twitter. It’s got nothing to do with massaging the numbers or hiding bad news before elections in February, he insisted. Source Bloomberg Read More

 30% Of Nigerians Suffer Mental Illness –FG - The Federal Ministry of Health says about 20 to 30 per cent of Nigerians suffer from mental illness.The Permanent Secretary of the ministry, Abdulaziz Abdullahi, said this at the Mental Health Action Committee and Stakeholders’ Workshop in Abuja on Monday.Abdullahi said with a population of about 200 million, Nigeria had a high rate of mental illness. This implies that Nigeria has about 60 million persons with mental illnesses. Source Punch Read More

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PROSHARE REGULATORS

Sort Code and MICR Reject Flag: CBN Issues Circular On The Revised NCS And NICPAS -Kindly refer to the CBN circular of September 18th, 2018, where the Bank communicated the approval of the second edition of the Nigerian Cheque Standard (NCS) and Nigerian Cheque Printers Accreditation Scheme (NICPAS), and the subsequent implementation guidelines. Source Proshare Read More 

Invest in FGN Monthly Bond Auction – November 2018 - The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications. Source Proshare Read More 

 

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PROSHARE MARKETS

NSE Penalties: GNI, UNIVINSURE Join Other Insurance Firms with Biggest Fine - The continued failure of some insurance companies listed on the Nigerian Stock Exchange (NSE) to disclose their financial statements has compounded NSE sanctions on the affected firms. Source Proshare Read More 

Skyway Aviation Handling Company Plc: Initial Public Offering Opens At N4.65 - Skyway Aviation Handling Company Plc’s Initial Public Offering by way of an Offer for sale of 406,074,000 ordinary shares of 50 kobo each at N4.65 per share opened for subscription as shown below: Source Proshare Read More 

Treasury Bill Auction Schedule For November 14th, 2018 - A primary auction of CBN Treasury Bills will take place tomorrow, Wednesday, November 14th, 2018. Source Proshare Read More 

NSEASI Inches Up Marginally By 0.03% Amid Negative Market Breadth -Equities market closed today on a positive note, as NSEASI appreciated by +0.03% to close at 32,152.90 basis points as against -0.18% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -15.93%. Source Proshare Read More 

New Deal Between CISI And NSE Heralds Boost For Africa Based Finance Professionals -The Chartered Institute for Securities & Investment (CISI) is delighted to announce a new partnership with The Nigerian Stock Exchange (NSE) to provide trainings for CISI’s qualifications in Nigeria, under the auspices of X-Academy, the knowledge platform of NSE. Source Proshare Read More 

Sterling Bank Launches World First Digital Commodity Market - Developed in partnership with Binkabi and AFEX Commodities Exchange, the platform is expected to decentralise agricultural commodity trading in Nigeria and all emerging economies, helping to reduce intermediation in trade while distributing profit more widely across the value chain. Source Nation Read More

 Diamond Bank Losses N5.33b In Market CAP in Two Days - ACCESS Grows 1.95%; DIAMOND Losses -17.97% - Market sustained its adverse reaction to the news report about a possible acquisition of diamond Bank even after the well-publicised denial of such a move by parties purportedly in such talks. Source Proshare Read More


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PROSHARE BUSINESS

Aig-Imoukhuede and The Initiative For Public Governance - A week ago, I stumbled on an article titled “Africa and the burden of Leadership” (The Guardian, Nov. 7), written by Aigboje Aig-Imoukhuede, banker, investor and entrepreneur, former Managing Director of Access Bank Nigeria, our compatriot.Source Proshare Read More 

Discover How The New CAMA Is Relevant To The Ease of Doing Business in Nigeria – LBS Alumni - The LBS Alumni Day 2018 holds this Thursday, November 15, 2018. Source Proshare Read More 

MTN to Acquire Banking Licence in Nigeria, Says CEO - The Chief Executive Officer of MTN Group, Rob Shuter, yesterday disclosed that the group would acquire an independent banking licence in Nigeria by 2019. Source Thisday Read More 

 

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