Thursday, January 17, 2019 10:48:00 AM- Nigerian Stock Exchange.

  Top Financial news- 31 May 2018


News Headlines 

Nigeria central bank injects US$210m into currency market: Nigeria’s central bank said on Wednesday it had injected US$210m into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. (Source: Reuters) 

External reserves drop further, lose US$99m: The latest data from the CBN, show external reserves declined further, losing US$99m to close at US$47.65bn on Monday. (Source: Punch) 

TCN energises three transformers in Abeokuta, Jos: The Transmission Company of Nigeria (TCN) said it had completed and energised three new transformers in Jos, Plateau state, and Abeokuta, Ogun state, in line with its Transmission Rehabilitation and Expansion Programme. The TCN, in a statement, also announced that it had fully repaired and energised the Dan Agundi 60MVA 132/33kV power transformer in Kano State, which got burnt in December 2017. (Source: Punch) 

W’Bank, FG open up markets for rice farmers: As part of the federal government’s efforts to make rice production more attractive and profitable for Nigerian farmers, the Federal Ministry of Water Resources is opening up new market frontiers for rice farmers by linking them with off-takers and aggregators. (Source: Thisday) 

Analysts from FBNQuest Capital Limited.

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