Nigeria in 1min: Economic, Business and Financial Headlines – 050419

Nigeria in 1min: Economic, Business and Financial Headlines – 050419


The Story Of A Visionless Caper: How Political Shenanigans Led To A Bond Default – On Tuesday, the 5th of March 2019, bond investors of the oddly named Municipality Waste Management Contractors Limited (MWMCL) expected to receive their scheduled half yearly payments – comprising a coupon and an amortised principal component – of the bond notes issued in 2017. Source Faye & Fraser Briefing Note Read More

Nigeria’s Debt Hits N24.39tn, Rises By N2.66tn In One Year – Nigeria’s total debt profile as of December 31, 2018, now stands at N24.387tn. The figure swelled by 12.25 per cent from N21.725tn in 2017 to N24.39tn in 2018. The debt rose by N2.66tn from December 31, 2017, to December 31, 2018, the Debt Management Office said. Source Punch Read More

Brent Nears $70 On Global Supply – Brent price, yesterday, moved towards $70 per barrel, as expectations of tight global supply outweighed pressure from rising United States (U.S.) inventories and production. Brent futures rose 16 cents to $69.47 per barrel, the highest since Nov. 12, when it last traded above $70. Source TheNation Read More

FG Targets 4mbpd Oil Production, Tasks Local Firms On Iocs’ Divestments, Others – The Minister of State for Petroleum Resources, Ibe Kachikwu has tasked indigenous operators to step up their investments and take over major operations from international oil companies, especially as many are already considering divesting and charting new paths. Source Guardian Read More Proshare Nigeria Pvt. Ltd. PROSHARE REGULATORS

Monetary, Credit, Foreign Trade and Exchange Policy Guidelines For Fiscal Years 2018-2019 – The conduct of monetary policy by the Central Bank of Nigeria (CBN) in 2018/2019 will continue to be anchored on the MediumTerm Framework. Source CBN Read More

CBN, Banks to Disburse N200bn Single-digit Loans to Creative Industry, Others – The Central Bank of Nigeria (CBN) and banks, under the aegis of the Bankers’ Committee, Thursday said they have resolved to commence the disbursement of single-digit loans to the creative industry, some targeted cash crops, as well as to intensify their support for other operators in the non-oil sector. Source Thisday Read More Proshare Nigeria Pvt. Ltd. PROSHARE MARKETS

The March 2019 Nigerian Capital Market Service Report – Proshare – Nigerian Stock Market closed the month of March 2019 down as NSEASI dipped by -2.14% as against +3.81% gain recorded in the month of […]

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