Archives - December 2016

  Nigerians not feeling impact of development banks – Dogara N30.5bn spent importing honey from China annually – Ogbeh Oando sells 49% stake in midstream unit for N35bn Dollar scarcity forces Interswitch to delay $1bn IPO Nigerians living abroad remit $35bn in 11 months FG cedes minerals buying centres to states Recession won’t end soon, …

  2017 budget: FG targets N565bn from recovered loot, MTN fine Budget 2017: Federal Govt to raise N2tr bonds to pay off contractors Arik workers begin indefinite strike over unpaid salaries FG secures $150m from World Bank for mining sector No vehicle registration without duty from March — FG FG seeks advisers for debut Islamic …

Naira closes at 485 as dollar scarcity persists Nigeria regains Africa’s top oil producer status 2017 budget: Minister to give breakdown of N7.30trn, Monday Unremitted funds: FG recovers N1.44bn from NEPC, RMRDC, NSC Alternative power suppliers set to develop mini grids El-Rufai signs N214b 2017 budget into law Korea Donates Milling Complex Worth $1.6M To …

  The Equities market start week bullish with a recorded gain of +0.98% in today’s trading session which closed at 26,071.16bps, while  market capitalization closed at N8.97 trillion.  Market breadth was strong as 23 gainers led by SEPLAT (+10.25%) over 15 losers led by AVONCROWN (-5.00%) was recorded on the chart today. Total volume traded …

FG launches N13bn mortgage loan scheme for workers Global insurer threatens to blacklist Nigerian airline operators Nigeria to save N2bn annually from Internet hosting Waivers induce corruption, Adeosun says Senate considers bill to reverse naira free float NCC, telcos to attract investments through spectrum trading 17 states to benefit from Fed Govt’s $29.9b loan India, …

Budget: FG cuts Customs projected revenue by N49bn FG’s borrowings targeted at infrastructure projects – Udoma NSE, EFCC stop N20m capital market fraud FG Gives Airlines January Deadline to Automate Payment Charges to Agencies Lagos to sell rice N13,000 from next Thursday Crude oil prices drop days after OPEC output cut Credit to corporate sector …

  Intervention funds: Emefiele warns banks against charging over 9% FG targets 7% growth with economic recovery plan Shareholders approve Union Bank’s N50bn rights issue India wants to lift more oil from Nigeria Nine power plants shut, Shiroro, Jebba lose 245MW Cross River to complete 21MW power plant February CBN to Sell N1.23bn Worth of …

The Equities market shed -0.28% to end today’s trading session compared with the +0.01% gain recorded previously. The NSE ASI closed at 25,671.23bps, while  market capitalization closed at N8.83 trillion.  Market breadth was neutral as 14 losers led by DIAMONDBNK (-5.49%) over 14 gainers led by TOTAL (+10.24%) was recorded on the chart today. Total volume …

  FG to review Stamp Duty Act Nigerian, Moroccan wealth funds sign gas pipeline deal FG bans importation of vehicles through land borders Honeywell Invests N64bn To Boost Food Production Kachikwu: FG Saves $15.4bn from Removal of Petrol Subsidy FG stops 571,000 tonnes of rice from entering Nigeria Nigeria’s economic challenge is reversible, says Emefiele …

  The Equities market kicked off the week with a marginal gain of +0.01% to end today’s trading session which closed at 25,743.42bps, while  market capitalization closed at N8.86 trillion.  Market breadth was weak as 23 losers led by GUINNESS (-9.74%) over 16 gainers led by FO (+10.24%) was recorded on the chart today. Total volume …