Nigeria in 1min: Economic, Business and Financial Headlines – 250319

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Monday March 25, 2019 / 7:00 AM / By News Aggregator

 

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PROSHARE ECONOMY

Proposed Budget 2019 Analysis - FG Proposes To Spend N8.83trn in 2019 - On December 12, 2018, the President of the Federal Republic of Nigeria, Muhammadu Buhari presented the proposed budget of the Federal Government of Nigeria for the fiscal year of 2019 to a joint session of the National Assembly. Source BudgIT Read More 

MPC Meeting: Temporary Price Stability; Justification for a Cut in Rates? - Recent data on inflation rate, exchange rate and interest rate on fixed income securities in Nigeria have shown temporary improvement. This may mean things are looking up in Nigeria. Source FSDH Read More 

Weekly Economic and Financial Commentary – WE 22nd March, 2019 - The Senate during the week joined the House of Representatives, to approve the National Minimum Wage Bill which will see minimum wage earned by workers increase by 66.67% to N30,000 from N18,000. Source ARM Read More 

Oil Prices Dive On Economic Fears - OIR 220319 - Oil prices posted fresh four-month highs this week on tighter supply conditions before economic fears sent oil markets crashing. Venezuela and Iran continue to report outages, while the surprise drawdown in U.S. inventories had seemed to give oil bulls the upper hand. Source Oilprice Read More 

FG Spent N1.83tn On JV Assets In 2018 –NNPC - Cash call payment for the development of joint venture oil and gas assets ate into the Federal Government’s revenue last year as a total of N1.829tn was paid, according to the Nigerian National Petroleum Corporation, which represents the government in the JVs. Source Punch Read More 

 

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PROSHARE MARKETS

Nigerian Capital Market MasterPlan:13 Out of 99 Initiatives Have Been Implemented- Mary Uduk - Since the inauguration of the Nigerian Capital Market Master Plan (2015-2025) only 13 of the 99 initiatives have been implemented. Source Proshare Read More 

Corporate Earnings For The Week Ending 220319 – JBERGER Declares N6.10bn PAT in 2018 Audited Results - During the week ending March 220319, four (4) quoted firms declared their results. Three (3) firms declared growth in revenue. Source Proshare Read More 

Investors Lose N1.25bn WoW As NSEASI Dips Marginally By -0.01% To Close The Week Negative - Equities market closed today on a positive note, as NSEASI appreciated by 0.82% to close at 31,139.35basis points as against 0.50% depreciation recorded previously. Source Proshare Read More 

Market Review and Round-Up of Corporate News Announced During The Week Ending 220319 - The equities market recorded mixed performance – the listed equities market recorded -0.01% loss WoW while the NASD OTC went up by +2.25% WoW. Source Proshare Read More 

What To Expect From The Markets This Week - 250319 - Stock Watch: JBERGER released its FY'18 results today posting topline and bottom line figures of 194.6 billion (+37% y/y) and at 6.1 billion (+142% y/y) respectively. The stock closed the week at 27.50. Source Proshare Read More

‘VAT Increase Will Pressure Stock Price, Reduce Patronage’ - Capital market experts have faulted the proposed upward review of Value Added Tax (VAT), saying its implementation would further depress stocks’ price and increase transactions cost in the bourse. Source Guardian Read More

 

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PROSHARE BUSINESS 

525 Farmers To Benefit From CBN Inputs Distribution - No fewer than 525 farmers in Imo State will benefit from agricultural inputs distribution under the Central Bank of Nigeria (CBN’s) Anchor Borrowers’ Programme for the 2019 wet season farming. Source Leadership Read More

Nigeria. Ng Domain Grows To 134,320 In Three Months - An analysis of the data obtained from the Nigeria Internet Registration Association showed that the number of .ng domain increased by 1,197 between December and January 2019, and by 2,123 from January to February this year. Source Punch Read More

Shell, UBA Sign $200 Million Nigerian Contractor Support Deal - Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help its local vendors and suppliers access project finance. This latest deal brings Shell’s Nigerian contractor support fund to $2.4 billion. Source Bloomberg Read More

Trump Push For China Trade Reform Draws Wide Support At Home, Abroad-U.S. President Donald Trump’s blunt-force use of tariffs in pursuing his “America First” trade agenda has angered many, from company executives to allied governments and members of both parties of Congress. Source Reuters Read More


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PROSHARE TECHNOLOGY

How Natural Language Processing Could Impact Brick-and-Mortar Banking - In recent years, there seems to be a sense of urgency for banks to go digital and expand into new communication channels. Source Emerj Read More 

Facial Recognition in the Military – Current Applications - The US Department of Defense’s DARPA has a plan to invest as much as $2 billion in artificial intelligence research and development in the next 5 years. Source Emerj Read More 

The Role of Business and Government Leaders in Guiding Post-Human Intelligence - We’ve reached the sixth and final installment of the AI FutureScape series. In this article, we discuss what our survey participants said when asked about the role of business and government leaders in ensuring that AI steers us to a better future, not a worse one. Source Emerj  Read More

 

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PROSHARE FINANCE

PMB's Second Term and Buharinsurance - Insurance cares about numbers; indeed it is a business of numbers. President Muhammadu Buhari, going by the results of the Presidential Election has the numbers the insurance industry needs and cares about, however, is there a connection between the President and the insurance industry in Nigeria? Source Ekerete Ola Gam-Ikon* MNIM, CPP Read More

 

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