Nigeria in 1min: Economic, Business and Financial Headlines – 271218

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 Thursday December 27, 2018 / 7:00 AM / Proshare News

 

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PROSHARE ECONOMY

RECALL: Completion Of World's Largest Combined Cycle Power Plants In Record Time - On March 2nd, 2017, German Chancellor Angela Merkel, Egyptian President Abdel Fattah El-Sisi, Siemens CEO Joe Kaeser and further high-ranking representatives witnessed the symbolic inauguration of the first phase of Siemens' megaproject in Egypt. The event marked an important milestone towards the completion of the project. Source Siemen Read More 

2019 Budget: FG To Spend N42bn On Special Economic Zones - The Federal Government is planning to spend about N42bn for the rehabilitation of special economic zones in the 2019 fiscal period. The amount is contained in the 2019 budget proposal, which was presented to the National Assembly last Wednesday by President Muhammadu Buhari. Source Punch Read More

Customs Remit N653bn into Federation Account in 11 Months - A total amount of N653.47bn was remitted into the federation account by the Nigeria Customs Service between January and November this year. Source Punch Read More

IMF: Lagos Will Grow by 4% to $136b in 2019 - Ambode, who spoke at separate meetings on Tuesday in an address he delivered to the state’s foremost social clubs – the Yoruba Tennis Club and Island Club, said “Lagos on a stand-alone basis in the year under reference, would achieve four per cent growth in its GDP, which is currently valued at $136 billion.” Source TheNation Read More 

Fitch Affirms Lagos State at 'B' Plus; Outlook Stable - Fitch Ratings has affirmed Lagos State's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+' with Stable Outlook and Short-Term Foreign-Currency IDR at 'B'. Source Lagos State Read More 

Nigeria Prioritizes Revenue Generation, Mulls Response To Global Changes Affecting Assumptions - Being an opening address at the  World Press Conference delivered by the Honorable Minister of Finance, Federal Republic of Nigeria at the maiden World Press Conference, Abuja Monday, 24th December, 2018. Source Minister of Finance Read More 

My Takeaways From Nigeria’s Budget 2019 - Atiku - President Muhammadu Buhari presented the 2019 Budget Proposals to the Joint Session of the National Assembly on Wednesday 20 December 2018.  Source Atiku Abubakar Read More

 

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PROSHARE REGULATORS

SEC Nigeria Tasks Shareholders on Monitoring Their Investments - The Securities and Exchange Commission, SEC, has urged shareholders to monitor their investments in the capital market, assuring that the Apex Regulator will live up to its responsibilities on investor protection.  Source SEC Nigeria Read More

 

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PROSHARE BUSINESS  

Airlines Still Pay VAT 6 Months After Presidential Waiver - More than six months after the Federal Government issued an Executive Order for the removal of Value Added Tax (VAT) from “All Forms of shared transportation”, airlines in the country are still burdened with VAT payment. Source Dailytrust Read More 

CAC Cancels Proficiency Requirements For Registration Of Businesses - The Corporate Affairs Commission ( CAC) has dispensed with proficiency requirements for the registration of all forms of businesses. This, the commission said, was to further ease business registration. Source Leadership Read More

 

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PROSHARE TECHNOLOGY

Gains of Telecom Sector in 2018 - During the first quarter of 2018, hopes were dampened and industry players and subscribers were confused as to how Nigeria would achieve the 30 per cent broadband penetration target it had set out to achieve by the end of the year. Source Thisday Read More

 

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PROSHARE FINANCE

2018 One Lagos Fiesta Begins - The 2018 edition of the ‘One Lagos Fiesta’, OLF, organised by the Lagos State Government commenced in the five divisions of Lagos on Monday, December 24, 2018.  Source Lagos State Read More

 

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