Nigeria, Saudi Arabia, Others Sign New Charter

The Organisation of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, and the non-member countries of the organization, led by Russia, yesterday in Vienna, Austria, signed a draft `Charter of Cooperation’ in a bid to further strengthen their partnership. The charter now replaces the ‘Declaration of Cooperation. Click here for more.

Ekiti, Edo, 15 others failed to attract fresh investments in Q1

Between January and March of this year, about 17 state governments could not attract any form of fresh investments into their states, an analysis of the capital importation report revealed. Click here for more.

Oil plunges to $62 despite OPEC’s output cut extension

The international oil benchmark, Brent crude, plunged to $62 per barrel on Tuesday despite a nine-month extension of production cuts by the Organisation of Petroleum Exporting Countries and its allies. Click here for more.

Total Value of Capital Importation into Nigeria Stood at $8,485.49m in Q1 2019

The total value of capital importation into Nigeria stood at $8,485.49 million in the first quarter of 2019. This represents an increase of 216.03% compared to Q4 2018 and   34.61% increase compared to the first quarter of 2018. Click here for more.

NSEASI Dips Further By -0.74% As Market Sentiment Remains Negative

Equities market closed yesterday on a negative note, as NSEASI depreciated by 0.74% to close at 29,395.14 points as against 1.18% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -6.78%. Click here for more.

NSE Notifies of Trading Suspension In The Shares Of CONOIL, FTNCOCOA and Nine Other Listed Companies

The Nigerian Stock Exchange (NSE) has announced the suspension of trading of shares in eleven companies as a result of their failure to comply with filing rules for their audited and periodic results, seven of the eleven companies were from the Insurance sector. Click here for more.

July 2019 FGN Savings Bonds Offer for Subscription

Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, LFN 2004 Debt Management Office on behalf of the Federal Government of Nigeria Offers for Subscription and is authorized to receive applications for the Federal Government of Nigeria Savings Bond at the following interest rates. Click here for more.

CBN Directs MFBs To Implement Resolutions In Relation To The Revised National Financial Inclusion

It will be recalled that the National Financial Inclusion strategy (NFIS) was launched in October 2012 and revised in 2018 with the major objective of increasing the percentage of adult Nigerians who own bank accounts and use formal financial services from the baseline figure of 46.3% in 2010 to 80% by 2020. Click here for more.

This is when I will devalue the naira – Emefiele

Central Bank Governor, Godwin Emefiele listed conditions under which the naira could be devalued. He made this disclosure at the African Investor Conference which took place in London. The event was an opportunity for Mr. Emefiele to convince dismayed foreign investors to return to Nigeria. As expected, investors wanted to know if the exchange rate between the naira and the dollar will be devalued. Click here for more.

Nigeria Records $10.22 Billion Forex Inflow in May

The aggregate foreign exchange inflow into the Nigerian economy amounted to US$10.22 billion, showing an increase of 3.2 per cent above the level at the end of the preceding month, the Central Bank of Nigeria (CBN) has revealed. According to the central bank’s economic report for May. Click here for more.