Business

Senator Udoma Udo Udoma

Why Nigeria’s latest GDP dipped – Experts

The experts attribute decline in the economy to a ”mixed bag of developments in the oil and non-oil sectors”.

nigerian_stock_exchange

NSE: Stocks gain 0.58%

Total Oil led the gainers’ table.

Nigeria Stock Exchange (NSE)

NSE: Transactions bearish as index falls by 0.32%

Total Oil led the gainers’ table, gaining N3.4 to close at N181 per share.

Senator Udoma Udo Udoma

Non-oil sector growth evidence of Nigeria’s economic recovery — Udoma

NBS Report is an indication of increasing confidence in the Nigerian economy by investors, the official says.

Minister of Finance, Kemi Adeosun (Photo Credit: Chronicle.ng)

Nigeria’s GDP slowed in 2018 second quarter

However, growth was 0.79 percent points higher when compared to the second quarter of 2017.

Oil rig

Finally, Egina FPSO sails to offshore field

The FPSO departed LADOL Free Zone in Lagos to the offshore field.

NBS

165.7m litres of LPG imported into Nigeria in Q2 – NBS

The NBS released “Petroleum Products Importation and Consumption (Truck Out): LPG (Q2 2018)” report.

Hajj pilgrims

Hajj 2018: Borno govt gives N45,000 incentive to state pilgrims

An official announced the disbursement in a statement.

Nigeria Stock Exchange

NSE indices grow further by 0.63%, amid Dangote Cement gain

The All-Share Index rose by 220.05 points to close at 35,426.21 compared to 35,206.16 posted on Thursday.

Central bank of Nigeria (CBN)

CBN boosts Forex market with $543m, CNY 63m

Chinese currency supply eases pressure on the Nigerian FOREX.

DSTV decorder, and other equipments

New Tariff: Consumer council moves against DSTV amid growing customers’ complaints

The Consumer Protection Council sets up a special channel for subscribers’ complaints.

CBN

CBN unveils terms for long-term credit to agric, manufacturing sectors

Corporate/Triple-A rated companies to issue long-term Corporate Bonds at single digits.

Nigerian Customs Officials

Customs generates N210.2 billion revenue

The Service says its revenue target for 2018 is N246.61 billion.

Naira notes

Naira weakens against dollar at parallel market

The Nigerian currency lost 30 kobo to exchange at N358.30 to the dollar.

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

NSE: Trading resumes after Eid-El-Kabir celebration with 1.57% growth

Dangote Cement dominated trading activities with a gain of N15 to close at N230 per share.

NBS

Bank loans to Nigeria’s private sector reduce N601bn in six quarters – NBS

Credit to government increased to N1.47 trillion from N1.411 trillion.

National Assembly

PIGB: How to achieve sustainable peace, inclusive growth in oil communities

The heightened restiveness from the Niger Delta region remains a concern.

INTERVIEW: How SEC cut transaction costs to attract new capital market investors — DG

The regulator confirms MTN has still not files to be a public company.

NBS

Capital Importation into Nigeria decreases – NBS

Foreign Direct Investment accounted for 4.7 per cent ($261.4 million) of total capital imported in the second quarter.

From left: Executive Director, Finance and Corporate Services, Federal Mortgage Bank, Mr. Melville Ebo; Executive Director, Federal Mortgage Bank ( FMB), Rahimatu Aminu; Managing Director , FMB, Dangiwa Ahmed and Vice President Yemi Osinbajo during a visit to the Vice President by FMB Executives at the Presidential Villa in Abuja. 04529/20/8/2018/Sumaila Ibrahim/TA/NAN

FMBN seeks N500 billion recapitalisation

FMBN says had funded estates in over 20 states of the federation.

Nigerian community in U.S. to float community bank

The steering committee of the proposed bank was inaugurated in April.

NBS

Nigeria’s economy out of recession, NBS insists

“The NBS has stated several times that the stages after an economic recession is an economic recovery.”

Diamond Bank Headquarters Photo: Business News

Financial inclusion: Diamond Bank disburses N1billion under SMEs scheme

The bank says the disbursement is one of its ways of ensuring financial inclusion in the country.

Nigeria Stock Exchange

NSE market capitalisation shed N219 billion

The All Share Index shed 603.21 points to close at 34,663.48 as against 35,266.69 on Friday.

4 billion people to be connected to internet by 2020 – Schneider Electric

The Internet of things is the network of physical devices, vehicles, home appliances, and other items embedded with electronics and software.