All One Min News | |
All One Min News | |
1405 VIEWS | |
![]() |
Tuesday February 12, 2019 / 7:00 AM / Proshare News
Click Here To Read Latest Updates
PROSHARE ECONOMY
Nigeria’s GDP Grew By 2.38%
YoY in Real Terms in Q4 2018 and 1.93% in Full Year - In the fourth quarter of 2018,
Nigeria’s Gross Domestic Product (GDP) grew by 2.38% in real terms
(year-on-year). This represents an increase of 0.27% points when compared to
the fourth quarter of 2017 which recorded a growth rate of 2.11%. Source NBS Read
More
Lagos Commodity Exchange Gets
Approval To Begin Operation
- The Lagos Commodity and Futures Exchange says it has received the Securities
and Exchange Commission’s approval-in principle to commence operations. Source
Punch Read
More
Minimum Wage: Workers Lobby
Senators To Approve N30,000 - Workers at the National Assembly, under the auspices of the
Parliamentary Staff Association of Nigeria, are lobbying members of the Senate
especially those handling the New Minimum Wage Bill to approve N30,000 as
passed by the House of Representatives. Source Punch Read
More
FG Forces Oil Firms To Pay N1.2tn
Royalty Arrears - The
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on Monday that
the Federal Government had forced oil companies operating in the country to
fork out N1.2tn in royalty arrears. Source Punch Read
More
NEITI: FAAC Allocation Not
Enough to Fund States’ Budget - The Nigeria Extractive Industries Transparency Initiative
(NEITI) has declared that none of the 36 states were able to fund their
respective annual budget in 2018 with the allocation they got from the
Federation Accounts Allocation Committee
(FAAC) last year. Source Thisday Read
More
Oil Prices Fall As U.S. Rig Count Rise-Oil prices fell by
around 1 per cent on Monday as drilling activity in the United States, the
world’s largest oil producer, picked up and financial markets were pulled down
by trade concerns.
Source
Leadership Read
More
Click Here to Read More News on Economy
PROSHARE REGULATORS
CBN Predicts Boost in Credit
with Moveable Collateral - The
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday
stated that given that the inherent risks in granting loans to Micro Small and
Medium Enterprises (MSMEs) by banks is now reduced tremendously through the
introduction of the National Collateral Registry (NCR), small businesses will
now be able not only to access credit but also access such at reasonable rates.
Source Thisday Read
More
Click Here to Read More News on Regulators
PROSHARE MARKETS
A Better Backdrop for SSA Stock Markets - The three stock markets we track in sub-Saharan Africa (SSA) are all in positive territory ytd, Lagos and Jo’burg marginally so (see chart). Source FBNQuest Research Read More
Afrinvest Stock Recommendation for The Week 110219 - The equity market closed positive as investors capitalize on cheap and fundamentally sound stocks especially in the banking sector. Source Afrinvest Research Read More
Flour Mills Commercial Paper Offers 14.75% Yield; Offer Closes on Wednesday - Last week, the Treasury Bills (“T-Bills”) market reversed its bullish performance following selloffs across all tenors driven by tight system liquidity (N100.0bn short as at Thursday). Source Afrinvest Research Read More
Money Market Rate Increased as Overnight Rate Rose To 11.86% - The money market rate increased last week as the Overnight rate (OVN) and Open Buy Back (OBB) rose to 11.86% and 11.07% respectively. Source Anchoria AM Research Read More
January 2019 FGN Bond Auction Oversubscribed - At the first FGN Bond Auction for 2019 on Wednesday, January 30, 2019, the Debt Management Office (DMO) offered 3 instruments with total value of N150 billion. Source DMO Read More
Market Opens the Week On A Positive Note as NSEASI Inches Up By 0.80% WoW - Equities market closed today on a positive note, as NSEASI appreciated by +0.81% to close at 31,781.87basis points as against +0.31% appreciation recorded previously. Source Proshare Read More
Funding Rates Spike to YTD High as CBN Drains System Liquidity into Negative - The Bond market opened the week on a quieter note, with yields trending lower by c.4bps due to continued buying interests witnessed on the mid to long end of the curve at the start of the session. Source Zedcrest Capital Read More
Stockbrokers Urge FG To Utilise Capital Market For Growth - In what amounts to agenda setting, stockbrokers have collectively urged the federal government to take advantage of investment opportunities in the capital market to mobilise funds to execute development projects. Source Leadership Read More
Sectoral Market
Capitalizations – Oil and Gas Sector Recorded 7.24% Growth in 2018 - Oil & Gas sector
recorded 7.24% growth in market capitalisation in 2018 to emerge as the sector
with highest and only growth rate in market capitalisation. Source Proshare Read
More
Click Here
to Read More News on Markets
PROSHARE BUSINESS
SON Destroys N8m
Substandard Products In Kano - OVER eight million Naira worth of substandard products
have been destroyed by the Standards Organisation of Nigeria (SON) at
Yankatsari Yangongon in Kano, in its ongoing efforts aimed at stopping trade in
substandard goods in Nigeria. Source Vanguard Read
More
New Rules For Banks On Money
Laundering - New
rules have been set by the Central Bank of Nigeria (CBN) for banks planning to
establish correspondent banking relationship with foreign lenders. Source
TheNation Read
More
Click Here To Read More News on Business
PROSHARE TECHNOLOGY
Venture
Capital Firm Uses AI to Seek Out Start-ups Across Europe - A
London-based venture capital firm that uses artificial intelligence to find
promising start-ups across Europe said on Tuesday it had raised 53 million
euros (£46.6 million) for its biggest fund to date. Source Reuters Read
More
Click Here to Read More News on Technology
WATCH LATEST
VIDEO ON PROSHARE WEBTV