Nigeria in 1min: Economic, Business and Financial Headlines – 160119


 Wednesday January 16, 2019 / 7:00 AM / Proshare News



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Large Shortfall in Non-oil Revenue Collection - Federally-collected revenues continue to run behind budget, according to data in the CBN’s monthly reports. Source FBNQuest Research Read More 

NSR H1 2019 (4) - Domestic Economy - Stable Growth in Dire Need Of Fresh Impetus - For the first nine-month in 2018, the Nigerian economy grew by 1.76%, up from 0.3% reported in a similar period of 2017 – with support stemming largely from the services and agriculture sector. Source ARM Research Read More 

FG Borrows N6.16tn From N8.499tn Pension Fund - The total pension assets under the Contributory Pension Scheme rose to N8.49tn as of the end of November 2018 financial period, latest figures obtained from the National Pension Commission on Tuesday revealed. Source Punch Read More 

Electricity Consumers Lodged 390,889 Complaints In Nine Months –NERC - Electricity distribution companies in the country received a total of 391,066 complaints from consumers in the first nine months of last year, the Nigerian Electricity Regulatory Commission has said. Source Punch Read More 

Customs Generates N3trn In 3 Years - The Nigeria Customs Service (NCS) said it generated about N3.1 trillion revenue for the country in the last three years. Source  Leadership Read More 

Key African Central Banks to Hold Rates on Inflation, Oil Prices - Africa’s key central banks are expected to hold benchmark interest rates at their first meetings of the year -- albeit for different reasons. Source Bloomberg Read More 

Brexit Bedlam: May's EU Divorce Deal Crushed by 230 Votes in Parliament - British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave. Source Reuters Read More

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NSE CEO Engages Stakeholders on 2018 Market Recap and 2019 Outlook -The Nigerian stock exchange yesterday hosted capital market correspondents and market stakeholders to a 2018 market recap and 2019 outlook session. Source Proshare Read More 

Treasury Bill Auction Schedule for January 16th, 2019 - A primary auction of CBN Treasury Bills will take place tomorrow, Wednesday, January 16th, 2019. Source Arthur Stevens Asset Management Read More 

Highest Dividend Yield Stocks on The NSE - Dividend Yields on the Nigerian Stock Exchange have improved significantly as stock prices suffered decline in all but the first month of 2018, due to many factors ranging from the continuing rate hike in developed markets, oscillating oil price, mixed macroeconomic indices, capital outflow and uncertainties over the general elections that begins next month. Source Invest Data Read More 

Investors Gain N64.41bn As NSEASI Firms Up By 0.58%; Closes Above 30,000bpts - Equities market closed today on a positive note, as NSEASI appreciated by +0.58% to close at 30,137.53 basis points as against +0.45% appreciation recorded previously. Source Proshare Read More


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Osinbajo, Magu, Yakubu Confirm Participation at the 3rd Annual OPAN Conference - Vice President Yemi Osinbajo SAN, EFCC Chairman, Mr. Ibrahim Magu, INEC Chairman, Mr Mahmood Yakubu, among other guests have confirmed their participation at the third Annual Online Publishers Association of Nigeria (OPAN) New Media Conference holding at the Sandralia Hotel, Abuja, Nigeria. Source OPAN Read More 

Registered Companies Now 2.8 Million As CAC Enlists 39,074 Entities - The Corporate Affairs Commission has said that through the implementation of its Business Incentive Strategy, it registered 39,074 business Names between October and November 2018. Source Punch Read More


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Airtel Set To Buy Telkom, Targets May/June For IPO - Bharti Airtel is in talks to buy Telkom Kenya, which will help the Sunil Mittal-led telco emerge stronger in the east African market and improve overall valuation of Airtel Africa in the run-up to its initial public offer (IPO), likely in May-June, people aware of the development said. Source Guardian Read More

Facebook Brings Stricter Ads Rules To Countries With Big 2019 Votes - Facebook Inc told Reuters on Tuesday that it would extend some of its political advertising rules and tools for curbing election interference to India, Nigeria, Ukraine and the European Union before significant votes in the next few months. Source Reuters Read More

Netflix Raises Prices on All of Its Subscription Plans - Netflix Inc. raised prices for all of its subscription plans, a move that fortifies the streaming-video giant’s aggressive spending on content in the face of stepped-up competition. Source WSJ Read More

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Findings From Nigerian Family Business Report 2018 - The Family Business Survey is an annual global market survey among key decision makers in family businesses within a number of PwC's key territories. Source PwC Nigeria Read More


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