Nigeria in 1min: Economic, Business and Financial Headlines - 311219


Tuesday, December 31, 2019 / 7:00 AM / By News Aggregator / Header Image Credit: @OGSGofficial


Click Here To Read Latest News Updates



In Need of a Boost to Non-oil Exports Provisionally At $455m in November 2019 - The latest monthly Economic Report from the CBN puts non-oil exports provisionally at US$455m in November, indicating a m/m increase of 15% and a y/y increase of 49%. The m/m increase was largely driven by a sharp rise in export receipts from minerals which stood at US$79m. Source FBNQuest Research Read More 

2019 Top 20 Socio-Economic Developments In Nigeria - As the year 2019 begins to wind down and the expectations for the year 2020 increase, we bring you the top 20 stories that captured key developments in the economic, business and market space in Nigeria. Source WebTV Read More 

Manufacturing PMI Stands at 60.8% in December 2019 from 59.3% in November 2019 - The December 2019 PMI survey was conducted by the Statistics Department of the Central Bank of Nigeria during the period December 10-14, 2019. The respondents were purchasing and supply executives of manufacturing and non-manufacturing organizations in all 36 states in Nigeria and the Federal Capital Territory (FCT). Source CBN Read More 

CBN Issues Circular on Pre-Authorisation of Cards in Nigeria - As part of its commitment to facilitate the development of the Nigerian payments system and deepen the adoption of various electronic payment options available to users, the Central Bank of Nigeria (CBN) has identified the predominant use of Single messaging format for POS transactions as an obstacle to the use of pre-authorisation as a mode of payment in Nigeria. Source Read More 

Non-Oil Exports Double To N2tr In 2019 - The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this at a media briefing in Lagos yesterday where he presented the major achievements of the President Muhammadu Buhari's administration for the outgoing year. Source Guardian Read More

We'll Soon Decide On ECOWAS Single Currency - FG - The Federal Government on Monday said it was studying the decision of eight West African countries to change the name of their common currency to Eco. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said this in a statement issued by her media adviser, Tanko Abdullahi. Source Punch Read More

NNPC: Nigeria Recorded Increased Gas Flaring in 13 Months -  The Nigerian National Petroleum Corporation (NNPC) has stated that a total of 276.04 billion cubic feet (bcf) of natural gas was flared from Nigeria's oil fields between September 2018 and September 2019 - a period of 13 months. Source Thisday Read More

Click Here to Read More News on Economy


Proshare Nigeria Pvt. Ltd.



NAICOM Extends Insurers' Recapitalisation Deadline To December 2020 - The commission disclosed this on Monday in a circular which was signed by the Director (Policy & Regulation), NAICOM, Pius Agboola, to all insurance and reinsurance companies with the headline 'Minimum paid up share capital policy for insurance and reinsurance companies in Nigeria.' Source Punch Read More


Click Here to Read More News on Regulators


Proshare Nigeria Pvt. Ltd.


Domestic and Foreign Portfolio Participation in Equity Trading - November 2019 - On a monthly basis, The Nigerian Stock Exchange polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI)4 flows. Source Read More 

Afrinvest Stock Recommendations For The Week 301219 - Last week, the local bourse sustained the previous week's losses as the All-Share Index (ASI) shed 40bps w/w to settle at 26,418.48 points. As a result, YTD loss worsened to -16.0% while market capitalisation declined by N51.3bn to N12.6tn. Source Afrinvest Research Read More 

Foreign Investors Remain Net Sellers of Nigerian Equities - Nigerian Stock Exchange (NSE) data on domestic and foreign investor participation for November revealed that foreign investors' outflows from Nigerian equities outpaced inflows for the second consecutive month.  Source CSL Research Read More 

Bullish Momentum Sustained as Average NT-Bills Yield Dips to 5.6% WoW - Last week, the Nigerian Treasury Bills ("NT-Bills") secondary market which traded for 3-days due to the Yuletide holidays extended its bullish run on the back of sustained demand by local Investors, buoyed by OMO maturity worth N900.0bn hitting the financial system during the week. Source Afrinvest Research Read More 

ACCESS Notifies of Board Meeting; To Consider And Approve Financials For FYE December 31st, 2019 -Access Bank Plc announces its Board Meeting will hold on Wednesday, January 29, 2020 while its Closed period in respect of transactions on its securities commences from January 1, 2020 to such date as will be subsequently announced (both days inclusive). Source NSE Read More 

Investors Gain N93.10bn As NSEASI Inches Up By 0.73% To Open The Week Positive - Equities market closed today on a positive note, as NSEASI appreciated by +0.73% to close at 26,609.34 points as against +1.25% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -15.34%. Source Proshare Markets Read More 


Click Here to Read More News on Markets

Proshare Nigeria Pvt. Ltd.



IoCs Delay $58.4bn Oil, Gas Projects In Nigeria - A number of oil and gas projects valued at $58.4bn are facing an uncertain future as international oil companies operating in the country have failed to sanction them several years after they were announced. Industry experts said the regulatory and security challenges in Nigeria, as well as the slump in global oil prices, had put a damper on the IOCs' appetite to take final investment decisions on the projects. Source Punch Read More

Modular Refinery: FG, Firm Eye May 2020 Delivery Timeline - Chineme Okafor reports that all things being equal, Nigeria may have its first standard modular refinery up and running within the next five months. Industry-based reports have shown that the world would continue to use fossil fuels for a while to meet its energy demands and supplies. Source Thisday Read More

FG: NLNG Train-7 Will Reduce Gas Flaring, Heavy Reliance on Oil Revenue -  The federal government has said that it will count on the expected expansion of the production capacity of the Nigeria Liquified Petroleum Gas (NLNG) through its Train-7 project to significantly cut down the volume of gas flared in Nigeria as well as reduce the country's heavy dependence on revenue from crude oil. Source Thisday Read More

Oil Prices Steady, On Track For Biggest Yearly Rise Since 2016 - Oil prices held steady on the final day of the year on Tuesday, heading for their biggest annual rise since 2016, supported by a thaw in the prolonged U.S.-China trade dispute and supply cuts. Source Reuters Read More


Click Here To Read More News on Business


Proshare Nigeria Pvt. Ltd.



Proshare Nigeria Pvt. Ltd.

Click Here To Watch More Videos 

Related News

1. What To Expect From The Markets This Week - 301219

2. Nigeria in 1min: Economic, Business and Financial Headlines - 301219

Related News