Analysis and Data

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

NSE market capitalisation loses N83 billion

A breakdown of the losers’ chart indicated that Nestle topped the table with a loss of N20.

GTBank

GT Bank declares final dividend of N2.40 per share in 2017

The bank posted a profit after tax of N170.45 billion.

Nigeria Immigration generates N38.5 billion, $29.9 million in 2017 – Official

The NIS made a total payment of N38.531 billion in the year under review.

Nigeria Stock Exchange (NSE)

NSE trading opens for the week with a loss of 0.26%

The market capitalisation, which opened at N15.507 trillion lost N105 billion or 0.68 per cent to close at N15.402 trillion.

Nigeria Stock Exchange

NSE market capitalisation loses N236 billion at Wednesday trading

Dangote Cement and Total topped the losers’ chart.

9mobile

ANALYSIS: The many twists, turns fuelling confusion in 9Mobile sale

The crisis rocking the mobile operator may linger for a while.

How AfDB is changing perspectives for Africa’s development – Adesina

Overall, Africa’s economies remain resilient despite the global economic headwinds, climate and regional shocks.

Takeaways From Paddy Adenuga’s Trojan Gambit For Chevron Netherlands, By Tope Fasua

“I also detected a few signs of naivety in Paddy’s gambit. Sounds great doesn’t it?”

ANALYSIS: Dollar stabilizes… but for how long? By Lukman Otunuga

From a technical standpoint, the Dollar Index still remains under pressure on the daily charts.

Nigeria Stock Exchange

Nigeria Stock Exchange 2017: How companies’ values fell, rose

Forte oil was the worst performing stock for two consecutive years.

Oil price rises

There is expectation of lower US crude stocks.

pexels-photo-315788 (1)

Digital money, bitcoin, crosses $15,000 threshold

Bitcoin is a cryptocurrency and controversial worldwide digital payment system.

Kenya Airways

African airlines to make small loses in 2019 – IATA

“While traffic is growing, passengers load factors for African airlines are just over 70 per cent.”

National Assembly

NASS passes MTEF, raises oil benchmark to $47 per barrel

The lawmakers increased the oil benchmark beyond the executive’s proposal.

ANALYSIS: Renewable energy, NNPC and Nigeria’s oily future

While Nigeria intensifies search for oil, the developed world is preparing for a future without crude.

Central bank of Nigeria (CBN)

Experts speak on CBN’s retention of interest rate

The MPC retained the interest rate at 14 per cent.

Godwin Emefiele

MPC retains lending rate at 14%

The CBN announced the MPC decision.

GTBank

Eight Nigerian banks downgraded in new Moody’s report

Moody’s also downgraded the rating of Nigeria’s Bank of Industry.

Nigeria to increase mobile broadband subscriptions to 50% by 2020

The official links the well-being of Nigerians to effective ICT structure.

Nigerian-Stock-Exchange

NSE in September: Investors transact deals worth N64.79 billion

Dangote Sugar was the toast of investors in the consumer goods with a total of 43.57 million shares worth N589.55 million.

Central bank of Nigeria (CBN)

What experts say about Buhari’s new appointments for CBN deputy governor, MPC members

”Some of the appointments appear to be based on politics.”

Nigeria moves up, now 125th among world’s competitive economies – Report

This is the first time the country’s ranking has gone up since 2012.

Naira Notes

Naira sells at N364/$ as MPC holds rate

The Pound Sterling and the Euro traded at N492 and N436.

Bad Road

Nigerian govt. expects $80bn as direct private investment for infrastructure from 2014-2018

Government is also expected to leverage on up to 25 billion dollars through infrastructure Public Private Partnerships (PPPs) during the same period.

NBS

Nigeria’s foreign trade increases by 7.7 per cent – NBS

Report showed total trade about 37.3 percent higher than the in the second quarter of 2016.