Archives - June 2017

72 Metric Tonnes Of Yam Leave Nigeria For Europe, US Today AFCO to provide 5.5 million housing units to Nigerians FG okays gas masterplan to boost industrial growth Nigeria Generates N1.22bn Annually From Cassava Starch Nigeria lags behind 16 African countries in oil governance NNPC to continue managing refineries — FG Naira closes at 367/dollar, …

  Budget Deficit Financing Gains Transaction as DMO Raises N850bn Nigeria, Ghana mull new pact FG fails to implement 18% pension contribution for workers Coronation to float IPO for N400m fixed income fund BoE orders banks to set aside extra £11.4bn Oil prices up 2% on weaker dollar, others Our refinery‘ll transform economy, says Dangote …

  The Equities market extends 3days losing streak to end trading week on a bearish note as NSE ASI shed a further significant loss of 2.45% from previous position. Also, market breadth was negative as 33 losers led by UBA (-9.57%)  over 21 gainers led by CHAMPION (+9.57%) was recorded on the chart today.

  Declines across most key sectors like the Industrial, the banking and the insurance, caused the NSE benchmark index to shed more points on the bourse. It closed today’s trading session with a significant loss of 2.61% compared with the 0.71% gain recorded previously. Also, market breadth was weak as 37 losers led by PZ (-5.00%)  …

Nigeria loses N140bn to Apapa gridlock weekly – Dangote Power: FG to release fresh N701bn lifeline High interest rates: Senate panel plans talks with FG CBN Moves to Licence Private Asset Management Companies Julius Berger, Petrolan Energy Partner to Acquire Oil Fields Shell Nigeria considering investment in gas project $1.2bn loan: GTBank, Access, others get …

Nigeria records first trade deficit with UK in seven years Nigeria ranks 119 in global innovation index NRC suspends Lagos-Kano train service for two weeks NNPC Crashes Diesel Price Nationwide By 42% FG to roll out 3m prepaid meters Dangote, NPA, Flour Mills Sign MoU with FG to Reconstruct Apapa Road at N4.3bn Ecobank to …

Nigeria spends N4.69trn on petrol import, demurrage Petrol price: FG rules out total deregulation CBN to mop up N200bn from circulation EU announces €143m support for North east CBN Dollar Sales on I&E Forex Window Falls Below 30% 215MW Kaduna power plant gets zero gas supply WAPCo to buy gas from Dangote refinery for regional …

Naira Watch: External reserves down to 3-month low Fitch gives unimpressive rating of Nigeria’s $300m diaspora bond FEC okays $188.807m, N8.576b road, power, port projects Govt’s savings bond allotments drop to N607.3m Nigeria receives $3.7bn revenue in taxes, royalties Naira closes at 364/dollar, CBN plans N133bn TB sale FG Ratifies $187m Afam Plant To Boost …

FG to present breakdown of the 2017 Budget on Monday VAT revenue declines by N2.58bn to N204.7bn FG approves eight agencies for ports Nigeria to sell N100bn debut sukuk this month – DMO Fed Govt, NSE seek $600m investment fund for mining FG’s Debt to Expand with N1.021tn Treasury Bills Efforts on economy’ll fail if …

FG issues $300m diaspora bond Nigeria loses N417 billion to oil production disruption in one month FG, AfDB open talks on coal-to-power financing 44 ships arrive Lagos ports, 8 with 233,000 tonnes of petrol Afam power station’ll generate 340MW by December – FG Afreximbank, Belarus sign $150m pact to boost African economy Dangote signs pact …