Nigerian economy to grow by 2.38% in Q4 – CBN 

The Nigerian economy is expected to grow to 2.38% in the last quarter of 2019, says the Central Bank of Nigeria (CBN). According to the Deputy Director, Financial Policy and Regulation Department CBN, Dr Hassan Mahmoud, at the 2019 workshop for financial journalists sponsored by the Nigeria Deposit Insurance Corporation (NDIC). Click here for more.

Gas, renewables’ 2019 performance shows where investors can put money

Investments in natural gas, renewables and nuclear energy in 2019 paid off above those in oil and coal, an indication that the world is moving towards cleaner energy and rewarding investors in this space. Energy investors in Nigeria stand a chance to take advantage. Click here for more.

FG defends $22.7bn loan, admits debt service budget high

The Federal Government has said Nigeria cannot service its debts with the current revenue generation capacity. The government insisted that debt to Gross Domestic Products ratio is still within the threshold but admitted that the debt to revenue ratio is high. Click herefor more.

Market Sentiment Remains Negative As Investors Lose N143.39bn; NSEASI Dips Further By -1.11%

Equities market closed today on a negative note, as NSEASI depreciated by -1.11% to close at 26,384.21 points as against -0.65% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -16.06%. Click here for more.

NSE Forecasts N200bn Capital Inflow To Insurance Sector

The Nigerian Stock Exchange has forecasted an inflow of N200bn capital into the insurance sector post-recapitalisation. The Chief Executive Officer, NSE, Mr Oscar Onyema, made this known while speaking during the NSE Insurance Sector Forum in Lagos on Tuesday. Click here for more.

CBN plans 70% LDR in 2020, as credit increases to N1.2 trillion

The Central Bank of Nigeria (CBN) is planning an additional five per cent increase to the subsisting 65 per cent Loan-to-Deposit Ratio (LDR) in the banking industry, come next year. Click here for more.

AfDB moves to boost fashion SMEs, launches digital marketplace 

In a bid to promote the African fashion industry, the African Development Bank (AfDB) has launched an initiative tagged the Fashionomics Africa Digital Marketplace. The initiative is under Fashionomics Africa and was designed to help Micro, Small and Medium-sized Enterprises in fashion such as African fashion designers. Click here for more.

Fitch predicts negative 2020 global shipping outlook

The year 2020 may not be so rosy for the shipping sector, going by a new report by Fitch Ratings, which predicted that the ‘shipping outlook is negative”. The rating agency noted that several factors would be responsible for the situation, listing the major ones as; slowing global economic growth. Click herefor more.

Metering, Solution to Liquidity Challenges in Power Sector, Says Mamman

The Minister of Power, Mr. Saleh Mamman, has expressed the federal government’s readiness to ensure massive metering of electricity consumers in the country, saying metering remains the best option towards addressing liquidity challenges in the power sector. Click here for more.

Discos Increase Revenue Collection To N466bn

The collection of revenue from users of electricity across the country by power distribution companies has increased to N466bn, the Association of Nigerian Electricity Distributors announced on Tuesday. Click here for more.

U.S., Canada And Mexico Sign Agreement Again

To Replace NAFTA – Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. Click here for more.