Nigeria in 1min: Economic, Business and Financial Headlines – 130319

Nigeria in 1min: Economic, Business and Financial Headlines – 130319

PROSHARE ECONOMY

Nigerian Elections and Foreign Investor Confidence for Growth – Mar 13, 2019 – CVL (Centre for Values in Leadership) invites you to the 10th edition of Senior Executives Networking Session (CVL SENS) – a platform for high level executive interaction and corporate networking. Source The Centre for Values in Leadership (CVL) Read More

NCAA Clears Air On Safety Following The Crash Of Ethiopian Airline B 737- MAX 8 – The Nigerian Civil Aviation Authority (NCAA) has assured the flying public of their safety, stating that there is no cause for alarm. Source Press Release NCAA Read More

Macro-Economic Update – February 2019: Attractive Carry-trade Propelled Growth in FPI Flows – Reflecting the calm in the polity and attractive carry-trade breaks in the local fixed income space, inflows (ex-CBN) at the Investors and Exporters Window (IEW) rose 73.6% MoM to $4.56 in February. Source ARM Research Read More

Ethiopian Airline Boeing 737 Max 8 Plane Crash: How Nations Have Reacted – The news of the Ethiopian Airline ET302 Boeing 737 Max plane crash on Sunday March 10, 2019 shook the entire globe, as all the 157 people onboard lot their lives. Source Proshare Read More

Current Account Records Surplus Of US$1.1bn in Q4 2018 Against Deficit of US$1.5bn in Q3 2018 – The provisional Balance of Payments (BOP) estimates for Q4 2018 showed a significant improvement in the BOP outcome as the overall balance of payments recorded a surplus of US$2.80 million compared to a huge deficit of US$4,542.08 million and a surplus of US$6,180.40 million recorded in the preceding quarter and corresponding period of 2017, respectively. Source CBN Read More

Nigeria , Iraq Exceed Cuts As OPEC Achieves 79% Compliance – Increased production by Nigeria and Iraq above the agreed quota by members of the Organisation of the Petroleum Exporting Countries (OPEC), in February, saw compliance level hitting 79 per cent last month, three per cent above January’s 76 per cent. Source Guardian Read More

Nigerian Ports May Lose 40% of Cargoes this Year – Barring any urgent intervention to tackle numerous challenges bedeviling Nigerian seaports, the country may lose over 40% of its cargoes before the end of the year. Source Guardian Read More

Uncertainty Still Surrounds FID on $4.3bn NLNG Train 7 – Eight months after the signing of the Front End Engineering Design contract for Train […]

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