FG, oil firms owe NDDC N1.27tn, $73m – N’Assembly

The National Assembly has said it is set to invite some Federal Government officials and 17 local and international oil companies over alleged indebtedness to the Niger Delta Development Commission to the tune of N1.27tn and $73m. Click here for more.

Experts urge government to tackle growth impeding factors across sectors

For the economy to record meaningful recovery, there is a need for the government to study every sector of the economy and identify issues impeding growth in these sectors. The experts, who spoke at the signing of the Association of Investment Advisers and Portfolio Managers (IAPM), and the Chartered Institute for Securities and Investment (CISI), in Lagos. Click here for more.

LCCI to Host Dialogue on Agro Devt

The Lagos Chamber of Commerce and Industry (LCCI), will hold a symposium on how to develop the agriculture Sector in Nigeria. The theme of the conference is, “Making Agribusiness Bankable: Lenders and Investors Expectations.” The event is to hold on November 20, 2019, in Lagos. Click here for more.

Fear among tomato farmers as Dangote Farms suspends seedlings distribution

Tomato farmers in Kano have expressed their fear and dissatisfaction over the suspension of the distribution of hybrid tomato seedlings by Dangote Farms. According to the Chairman of the Kano State branch of the National Tomato Growers, Processors, and Marketers Association of Nigeria. Click here for more.

Investors Lose N188.76bn As NSEASI Dips By -0.60% To Open The Week Negative

Equities market closed yesterday on a negative note, as NSEASI depreciated by -0.60% to close at 26,691.09 points as against +0.03% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -15.08%. Click here for more.

Nigeria suffers worst October inflation in 11 years on supply shocks

Nigeria’s inflation rose to a 17-month high in October as sustained food shortage amid growing demand, coupled with its resultant effects, pressured consumer prices higher. The measure of composite changes in the prices of consumer goods and services increased by 11.61 percent in October from a year earlier. Click here for more.

10 Banks Rake N578bn Commission In 9 Months

Ecobank Transnational Incorporated, Zenith Bank Plc and United Bank for Africa Plc led seven other banks in N577.9bn commission generated from customers’ transactions in the first nine months of 2019. Click here for more.

Nigerian banks should adjust to AfCTA changes – Soludo

A former Governor of the Central Bank of Nigeria, Prof Charles Soludo, has urged Nigerian banks to adjust to developments that may arise as a result of the African Continental Free Trade Area agreement. Click here for more.

Nigeria Inflation Rate Surges to 17-Month High

Nigeria’s inflation rate rose to a 17-month high in October as food prices surged. Consumer prices rose 11.6% from a year earlier compared with 11.2% in September, the Abuja-based National Bureau of Statistics said in a report published on its Twitter account Monday. Click here for more.

DMO Appoints 13 Agent Banks For N150bn FGN Bonds

As Debt Management Office (DMO) set to auction N150 billion in FGN Bonds tomorrow, eight banks have been  appointed as agents to interface with its prospective investors. Click here for more.

Domestic Flights Down By 409 In October

Domestic flight operations witnessed a marginal decline of 500 flights in October with 5,291 flights operated by eight airlines. At least 5,700 flights operated in September 2019. Click here for more.