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Archives - January 2018


DAILY BUSINESS NEWS BRIEF – NSE Introduces New Pricing, Par Value Rules

  Whistle-blowing: FG suspends two officials, probes others for fraud BDC Operators Hail Moves to Return Nigeria to JP Morgan Index Forex market intervention: ‘CBN spends $15.9b’ FG Orders Insurance Companies To Get Fresh Microinsurance Licence Within 18 Months Treasuries Slide, Dollar Gains Before Hectic Week: Markets Wrap NSE Introduces New Pricing, Par Value Rules …


DAILY BUSINESS NEWS BRIEF – IMF Forecasts 2.1% Growth for Nigeria in 2018

  FIRS nets N4.03tr in 2017 – Fowler Petrol scarcity persists, new vessels arrive Apapa KWIRS targets N38 billion in tax collection NCC queries 6 telcos over call masking We’ve settled rift with key shareholder, Mangal –Oando Global stocks scale record highs as U.S. government shutdown ends, yen turns down IMF Forecasts 2.1% Growth for …


DAILY BUSINESS NEWS BRIEF – Oil prices under pressure

  AfDB Foresees Stronger Naira in 2018 Niger Delta militants threaten fresh attacks on oil assets We need AfDB to assist African nations with resources – Adeosun NNPC engages original builders to revamp refineries FEC okays policy to boost power transmission Stocks Trade Mixed After Another Run at Highs: Markets Wrap Oil prices under pressure …


DAILY BUSINESS NEWS BRIEF – Inflation rate drops for 11 consecutive months to 15.37%

  2017 budget: N1.2tn released for capital projects, says DMO NNPC, NIMASA, others review crude oil regime KWIRS targets N38bn for 2018 DMO: FG to Borrow Additional $700m from Multilateral Agencies UBA, GTBank, others meet over dividend payment AfDB to focus more on power sector in 2018 Oil prices slip as analysts warn of correction …


DAILY BUSINESS NEWS BRIEF – Financial inclusion: CBN sets new target for banks

  Federation Account gets N2.63tn non-oil revenue in 12 months Blackout looms as explosion rocks Escravos gas pipeline again CBN to launch N10 billion fund for egg production Fed Govt, Switzerland sign MOU stopping illegal dumping 50 vessels of PMS arrived Nigeria – IPMAN President Oil slips away from 2014 highs, though overall 2018 outlook …


DAILY BUSINESS NEWS BRIEF – World Forecasts 2.5% Growth for Nigeria in 2018

  Oil rises above $68, highest since May 2015 Nigeria spends 34% of revenue on debt servicing – DMO 254 firms submit bids to buy, sell Nigeria’s crude Nigeria’s oil production hits 2.5mb/d Edo signs MoU with Chinese firm on Gelegele seaport Asian shares step back from 2007 peak, oil at three-year high World Forecasts …


DAILY BUSINESS NEWS BRIEF – External reserves hit $40.4bn, highest since Jan 2014 – CBN

  Customs vow to surpass N1tn performance this year ‘Solid minerals contributed N3.5bn to Federation Account in 2017’ CBN to sanction banks for payment system infractions BDCs Seek Forex Rate Convergence Fuel scarcity: Fix refineries now, NUPENG urges NNPC FG gives DisCos investment work plan for unutilised power Oil Extends Gain Above $62 as U.S. …


DAILY BUSINESS NEWS BRIEF – 14 power plants shut, hydro generation improves

  FG makes N909bn from VAT in one year Banks Unsecured Loans To Increase In Q1– CBN FG, Akwa Ibom begin process for new deep seaport Fuel scarcity: Senate invites PPPRA, Customs, NPA, others NSE begins direct flow of information to stock market Asia stocks saunter toward historic high, U.S. earnings hurdle 14 power plants …


DAILY BUSINESS NEWS BRIEF – SEC stops issuance of dividend paper warrants

  Happy New Year 2018!!! FG rakes in N7.3bn from savings bond IPMAN urges FG to invest more in modular refineries France invests N150 billion in Nigeria Nigeria’s Bonny Light crude oil hits $67.10 a barrel Asia stocks flirt with historic highs on global growth cheer SEC stops issuance of dividend paper warrants The Securities …


DAILY BUSINESS NEWS BRIEF – Reps approve stamp duty collection on electronic transfers

  Happy New Year 2018!!! Buhari inaugurates Nigeria’s first inland dry port Thursday ‘NNPC distributed 1.3b litres in October’ Oil marketers want FG to reintroduce subsidy – Group Shettima presents N170.3billion budget for 2018 Dollar starts 2018 in doldrums, European stocks groggy Reps approve stamp duty collection on electronic transfers The House of Representatives has …

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