Nigeria in 1min: Economic, Business and Financial Headlines – 170119

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Thursday January 17, 2019 / 7:00 AM / Proshare News

 

 

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PROSHARE ECONOMY

Headline Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November 2018 Rate - The consumer price index, (CPI) which measures inflation increased by 11.44 percent (year-on-year) in December2018. Source NBS Read More 

Average Within City Bus Journey Decreased By -5.64% MoM To N181.61 - The Transport fare watch report for December 2018 covers the following categories namely bus journey within the city per drop constant route ; bus journey intercity, state route, charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport. Source NBS Read More 

Average Within City Bus Journey Decreased By -5.64% MoM To N181.61  - The Transport fare watch report for December 2018 covers the following categories namely bus journey within the city per drop constant route ; bus journey intercity, state route, charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport.  Source NBS Read More 

NNPC: Nigeria Earned $640.35m from Crude Oil in October 2018 - The Nigerian National Petroleum Corporation (NNPC) has said the country earned $640.35 million from the export of crude oil and gas for the month of October 2018. Source Thisday Read More 

Poor Attendance Forces Govs to Cancel Meeting over Minimum Wage - The scheduled meeting of the Nigerian Governors’ Forum (NGF) over the new Minimum Wage controversy could not hold Wednesday due to poor attendance. Source Thisday Read More 

FG Budget Constitutes 7% Of N130trn Spending For 2019 – DG Budget Office - The Federal Government’s budget of N8.83 trillion for the 2019 fiscal year constitutes only 7 per cent of the N130 trillion projected spending in the Nigerian economy in 2019. Source Dailytrust Read More 

 

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PROSHARE MARKETS

NSE Lifts Suspension on Trading in Shares of C and I Leasing Plc-The full suspension placed on trading in the shares of C & I Leasing Plc (C & I Leasing or the Company) was lifted on 14 January 2019. Source NSE Read More 

 Market Sentiment Closes Positive as NSEASI Inches Up By 1.07%-Equities market closed today on a positive note, as NSEASI appreciated by +1.07% to close at 30,460.68 basis points as against +0.58% appreciation recorded previously. Source Proshare Read More 

NSE Lists N32,899,000,000 Series II, 7 year 16.25% Fixed Rate Unsecured Bonds of Sterling Investment-Sterling Investment SPV Plc’s N32,899,000,000, 7-Year 16.25% Fixed Rate Unsecured Bonds Due 2025 (Series II) issued under the N65,000,000,000 Debt Issuance Program were listed on The Exchange on Monday, 14 January 2019. Source NSE Read More 

Weak Demand Sends 1yr PMA Rate 50bps Higher - The bond market traded on a quieter note in today’s session, but with yields compressing marginally as buying interests persisted especially on the 2037s. Source Zedcrest Capital Read More

 

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PROSHARE BUSINESS  

Proshare Identified In London Stock Exchange Group’s ‘Companies to Inspire Africa 2019’ Report-Proshare has been identified as one of London Stock Exchange Group’s Companies to Inspire Africa 2019. The report is a celebration of Africa’s and most dynamic growth businesses. Source Press Release Read More 

Only 31% Of Registered Entities Filing Yearly Returns To CAC - About 70 per cent of the registered entities between 2016 and 2018 failed to file returns of their financial activities to the Corporate Affairs Commission (CAC) as required by law. Source Guardian Read More 

Fed Says Economy Growing in Most of U.S. as Weak Spots Emerge - The still-strong U.S. economy showed signs of slowing in recent weeks amid declining optimism, though most regions continued to show modest to moderate growth, a Federal Reserve survey showed. Source Bloomberg Read More

The U.S. and China Are Making Davos a Mess for Everyone Else - The rivalry between the U.S. and China is complicating the lives of companies and countries that would prefer to stay on the good side of both superpowers. Source Bloomberg Read More

ECB Officials Warn of Brexit Costs for Slowing Euro-Area Economy - European Central Bank officials stepped up the urgency of their warnings that Britain’s messy divorce from the Europe Union could further damage the currency area’s slowing economy. Source Bloomberg Read More 


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PROSHARE TECHNOLOGY

Telecoms Operators Lose 69,469 Subscribers In Number Porting Activities - The quartet of MTN, Globacom, Airtel and 9Mobile lost about 69, 469 subscribers in number porting activities in the first 11 months of 2018. Source Guardian Read More

 

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