How businesses fared on Nigeria Stock Exchange last week
The top losers in the market in the week were Jaupul Oil, Fidelity Bank, Unity Bank, African Prudential and Regency Alliance Insurance Plc.
Amidst anti-corruption war, BVN, bank customers reduce across Nigeria
Several reasons were given for the reduction in bank accounts.
PANAMA PAPERS: Law firm, Mossack Fonseca, shuts operation
The law firm says it will shut down its remaining offices by the end of the month.
AfDB to support Nigeria’s power sector recovery programme
The bank’s support in will be in three areas, namely operational and technical intervention, governance issues and policy
Korea to partner African Development Bank on technology development – Deputy PM
A delegation of AfDB ld by its president in on a tour of South Korea.
AFREXIMBANK, South African firm to invest $1billion to expand trade in Africa
An MoU was signed between the two partners in Cairo, Egypt on Monday.
Nigeria consumer council sets new guidelines to protect e-commerce consumers
The council meets with some e-commerce representatives.
CBN, others brainstorm on new bank customers target
An official says that the North-west is the most ‘financially excluded’ zone with an exclusion rate of 70 per cent.
Senate probes Samsung’s alleged abuse of Nigeria’s financial policy
A lawmaker laments that Nigeria’s economy “is bleeding”.
FEC approves proposed agreement on African free trade
The AfCFTA is a negotiated rules-based system that sets trade standards.
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.
Cooking gas price drops by 20 per cent in 2018 – NBS
Adamawa, Yobe and Borno states had the highest average prices for the refilling of a 5kg cylinder.
Food index price down by 1.33 per cent in February, says NBS
The is the 13th consecutive disinflation since January 2017.
Average prices of petrol, diesel decreased in February 2018 – NBS
Plateau state had the highest average price per litre of petrol in February 2018 at N206.82.
Google to ban Bitcoin, other cryptocurrencies adverts
Facebook had taken a similar decision against cryptocurrencies.
Nigerian govt to auction N70 billion bonds March 21
Nigeria issues sovereign bonds monthly to support the local bond
market, create a benchmark for corporate issuance and fund its budget
Senate backtracks, to consider confirmation of CBN, MPC nominees
The MPC meeting did not hold in January 22 and 23, 2018, as a number of nominated members are yet to be confirmed.
Blackout looms as debts threaten GENCOs’ operations
GENCOs have in recent time raised alarm over liquidity concerns.
Impose 100% excise duty on alcoholic beverages, tobacco, IMF urges Buhari
The global body specifically recommends excise duty imposed at N1,500 per 200 cigarettes