Full list of ministers and their portfolios

President Muhammadu Buhari has assigned portfolios to the newly sworn-in ministers. He made the announcement at the Presidential villa on Wednesday. Click here for more.

FG stakes N600b in power sector as intervention hits N1.5tr

The Federal Government has concluded plans to inject additional N600 billion into the Nigerian electricity industry. The Market Operator (MO), Transmission Company of Nigeria, Edmond Eje, who disclosed this yesterday at the third MO interactive stakeholders’ forum in Abuja said the President Muhammad Buhari has already authorised the release of the fund. Click here for more.

We’ll attract investments, boost trade – Adebayo

The Minister of Industry, Trade and Investment, Adeniyi Adebayo, has stated that he would work assiduously with his counterpart in the ministry to attract investments and boost trade in Nigeria. Click here for more.

Nigerians to pay more for electricity consumption

The Federal Government through the Nigerian Electricity Regulatory Commission has increased the tariff payable by power consumers across the country. Findings from various documents obtained from the NERC on Wednesday in Abuja showed that beginning from next year. Click here for more.

MAN advises ministers on policies to revive industries

The Manufacturers Association of Nigeria on Wednesday urged the newly inaugurated ministers to hit the ground running in their various ministries towards speedy economic recovery of the country. Click here for more.

NSEASI Erases Previous Day Loss, Inches Up By 1.09%

Equities market closed yesterday on a positive note, as NSEASI appreciated by +1.09% to close at 27,352.94 points as against -0.21% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -12.97%. Click here for more.

NSE Partners JP Morgan To Develop Robust Derivatives Market

Consistent with its commitment to developing a thriving derivatives market in Nigeria, The Nigerian Stock Exchange is collaborating with JP Morgan Chase to facilitate in-depth capacity building programme on derivatives market. Click here for more.

DMO Records Lowest FGN Bond Auction Sale in 8-Months

The FGN Bond market traded on a relatively flat note, with yields inching higher by c.5bps on the day, as market players awaited results from the FGN Bond auction. Click here for more.

Insurers Seek NSE Support For Recapitalisation

The Chairman of Nigerian Insurers Association, Mr Tope Smart, has asked the Nigerian Stock Exchange to assist the insurance companies in its bid to meet the new capital base prescribed by the National Insurance Commission. Click here for more.

GTBank LDR At 57%; To Grow Loans By N50bn To Meet CBN 60% LDR Limit

Guaranty Trust Bank Plc (GUARANTY: TP 41.96 – BUY) recently held a conference call following the release of its H1 2019 results. The following are some of the highlights from the session with management. Click here for more.

Fed Was Divided On Rate Cut, Wanted To Avoid Appearing On Path For More Cuts

Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with U.S. President Donald Trump. Click here for more.