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Archives - July 2017

31
Jul

DAILY BUSINESS NEWS BRIEF – N20b export grant inadequate, says MAN

FG, States, LGs Shared N3.010tn in First Half of 2017 Katsina to establish refinery – Commissioner $657m CBN Intervention Boosts Naira FG adopts $11bn Dangote refinery under new petroleum policy Nigeria ranks eight in global Internet growth – Google N20b export grant inadequate, says MAN Julius Berger suspends work on Lagos-Ibadan Expressway AfDB to invest …

20
Jul

DAILY BUSINESS NEWS BRIEF – FG okays new oil, gas, labour policies

Nigeria to explore African market for crude oil sale, says Kachikwu Nigeria’s Forex Inflow Hits $15bn in First Quarter FG: Nigeria to End Fuel Importation in 2019 ‘Nigeria’s crude production hits 2.2mb/d’ Nigeria’s debt rose by N4.76tn in 2016 – DMO FG’s fiscal deficit jumps 101% to 9-year high of N1.1trn FG Issues New Guidelines …

17
Jul

UNILEVER H1’17 PERFORMANCE SNAPSHOT – PBT up by 239.16%y/y ; OPEX dropped by 8.3%

  Unilever Nigeria Plc (UNILEVER)  released its half year unaudited results for the period ended June 30th, 2017, on Friday night, being 14th of July, 2017. From the result gathered, Revenue grew by 39.74% y/y to N45.11 billion, so was Operating Income by 195.86% y/y as they were able to man their Operating expenses (especially …

17
Jul

DAILY BUSINESS NEWS BRIEF – Refineries now produce 60% Kerosene – NNPC

‘N7tn Spent on Importation of Consumables in 2015’ FG Lost $6bn to DPR’s Poor Administration of Divested Oil Blocks Oyo gets $5b commitment from China for trade zone FG records N397bn deficit in May Consumer goods firms beat recession, revenue up by N160bn Foreign investors acquire 12 Nigerian insurance companies Stocks: CBN special forex window …

11
Jul

DAILY BUSINESS NEWS BRIEF – OPEC may ask Nigeria, Libya to cut output

Etisalat quits Nigeria, gives three-week ultimatum for brand phase out FG moves to insure national assets Trade hits $3.8bn at I&E window, CBN sells $142m FG to Restructure Discos’ Debts to Other Operators World Bank advocates single regulatory authority for free zones Nigeria’s GDP to Hit $595bn by 2020 Flyover, RoW stall new Lagos-Ibadan rail …

7
Jul

DAILY BUSINESS NEWS BRIEF – ‘Nigeria’s crude oil production hit 2.025mbpd in June’

FG begins voluntary tax compliance campaign Udoma Puts Nigeria’s Debt Stock at N19tn DMO: govt to raise N450b in sovereign bonds by Q3 ‘FG needs N3 trillion to bridge infrastructure gap’ Oil rises 2% on dip in U.S. crude VAIDS’ll correct poor tax-to-GDP ratio, says Adeosun Naira to remain steady on CBN dollar supply Banks …

6
Jul

DAILY BUSINESS NEWS BRIEF – FG unveils new gas policy, to create single regulator

Nigeria, others to get €15m facility to develop fisheries sector BPE: FG to Divest 20% of Its Shares in Privatised Companies on Stock Exchange Government pledges to increase capital market visibility in global arena Electricity: Power supply drops to 3,628mw New policy for privatised enterprises coming —BPE Investors showing interest in power distribution networks —Fashola …

5
Jul

DAILY BUSINESS NEWS BRIEF – Finally, Nigerian Stock Exchange Delists Ashaka Cement

Recession: FG enlists foreign firms to enhance recovery N3.57tn borrowed in 21 months to finance budget deficit –FG FG Introduces New Guidelines for Raw Sugar Allocation CBN pumps fresh $195m into forex market CBN says employment rate up by 51 per cent in June Citibank gives Accion MfB N500m loan IOCs to Dispose of More …

4
Jul

DAILY BUSINESS NEWS BRIEF – Nigeria rated Africa’s 19th most attractive investment destination

Nigeria fails to enforce ban on dirty fuel imports Fed Govt eyes $1b from new tax reform FG owes IOCs $1bn in JV cash call Naira closes at 362/dollar, CBN sells $195m IAEA assesses Nigeria’s nuclear, radiation emergency readiness FIRS generates N118bn in 18 months – Fowler Manufacturers spend N378b on power generation NNPC, international …

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