Nigeria in 1min: Economic, Business and Financial Headlines – 141218

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Friday December 14, 2018 / 7:00 AM / Proshare News 

 

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PROSHARE ECONOMY

Capital Importation Q3’18: FPIs Move to Money Market-The value of capital imported into Nigeria declined by 31.1% YoY and 48.2% QoQ in Q3’18 to $2.9 billion, to record at its lowest level since Q2’2017. Source Proshare Read More

President Buhari to Present 2019 Budget to NASS on December 19, 2018-President Muhammadu Buhari will on Wednesday December 19th, 2018 present the 2019 budget of the Federal Republic of Nigeria to the joint session of the National Assembly. Source Proshare Read More

Again, Governors Resolve to Meet Buhari over N30,000 Minimum Wage - Governors of the 36 states of the federation Thursday met to consider the lingering conflict over the N30,000 new minimum wage demand by the organised labour movement. Source Thisday Read More

Process For Selection Of Private Investors For Refineries Concluded – Buhari - President Muhammadu Buhari on Thursday said the NNPC has concluded the process for the selection of private sector partners that will rehabilitate the refineries. Source Dailytrust Read More

Global Debt Hits $184trln - The International Monetary Fund (IMF) yesterday updated its publicly available Global Debt Database (GDD). According to the update, global debt has reached an all-time high of $184 trillion in nominal terms or the equivalent of 225 percent of GDP in 2017. Source TheNation Read More

 

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PROSHARE REGULATORS 

CBN to Track, Stop Bad Debtors From Further Borrowing - The Central Bank of Nigeria is planning to introduce a new mechanism, called the Global Standing Instruction, that will work with the Bank Verification Number of depositors to detect bad borrowers who refuse to pay their loans but plans to take another loan from other unsuspecting banks. Source Punch Read More 

 

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PROSHARE MARKETS

Cosmic Retail Boom in Côted’Ivoire as Post-Conflict Economic Recovery Spurs Shift to Formal Shopping - Showcasing a resurgence in the Côte d’Ivoire economy, the opening of the nation’s most extensive shopping mall is transforming lives in the commercial capital Abidjan. Source Proshare Read More

Market Sentiment Remains Negative as NSEASI Sheds -0.24% - Equities market closed today on a negative note, as NSEASI depreciated by -0.24% to close at 30,568.05 basis points as against -0.25% depreciation recorded previously. Source Proshare Read More

Funding Rates Moderate, as Market Players Undersubscribe CBN OMO - The FGN Bond market traded on a relatively flat note, but with slight interest on the 2028 and 2037 bond compressing yields marginally by c.1bp on average. Source Proshare Read More

 

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PROSHARE BUSINESS 

Lessons At 40: Women, Family and Economy in Nigeria - The age of 40 is significant in the life of an individual, as it marks a season of clarity and purpose, as well as the direction on what should be the priority and focus in family, career, ministry and business. Source Proshare Read More 

Nigeria’s First Gold Refinery To Be Completed June 2019 - A Nigerian firm, Kian Smith Trade & Co Limited, on Thursday, broke ground on the nation’s first gold refinery, saying the project would be completed by the end of the first half of next year. Source Punch Read More 

 

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PROSHARE TECHNOLOGY

AI for Credit Scoring – An Overview of Start-ups and Innovation-Several companies offer AI-based credit scoring applications to banks and enterprise creditors looking to better understand the risk associated with their potential borrowers. Source Proshare Read More 

Global Fintech Trends and Opportunities in Africa - At the maiden edition of the Africa Fintech  Festival in Lagos, panelists discussed “Global Fintech Trends and the Opportunities for Africa” looking at the development in the global  Fintech industry and how Africa can tap into the ecosystem. Source Proshare Read More

Nigeria’s Active Telephone Subscription Hits 169m - Total number of ac tive voice subscriptions in Nigeria telecom services sector has reached an impressive 169 million, the Nigerian Communications Commission, NCC, has stated. Source Vanguard Read More 

 

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