Thursday, January 17, 2019 9:26:21 AM- Nigerian Stock Exchange.



  Top Financial News

      

26 June 2018 ( Lagos ) 


Stock market ends six-day losing streak: The nation’s stock market closed on a positive note on Monday, for the first time in seven straight trading sessions.(Source: Punch)


Customs to deploy drones to check rice smuggling: The Nigeria Customs Service on Monday vowed to deal ruthlessly with those involved in the smuggling of prohibited items, particularly rice, saying that it was working with the Nigerian Air Force to deploy drones for border surveillance. (Source: Punch)


Lagos-Ibadan road-FG remobilises Julius Berger to site: The federal government has remobilised Julius Berger Nigeria Plc to commence work on the Lagos-Ibadan expressway. Officials of the firm said they were expecting sizeable financial outlay from the government since the 2018 budget had been passed and signed by the president. (Source: Punch)


Taxes, other charges killing us, say telcos: Telecoms operators have lamented the crippling effect of multiple taxation, arbitrary charges and other challenges besetting the industry. (Source: The Nation)

  

SEC assures foreign investors: The Securities and Exchange Commission (SEC) has assured foreign investors of the safety of their investments in the Nigerian capital Market. (Source: The Nation)


NCC stops MTN from acquiring Visafone: The Nigerian Communications Commission (NCC) yesterday halted moves by MTN to acquire the only surviving Code Division Multiple Access (CDMA) operator, Visafone. It said the acquisition cannot be done without a public inquiry to enable stakeholders determine the future of Visafone in the overall interest of the industry. (Source: The Nation)

 

Naira appreciates to N360.85/$ in I&E window: Data from FMDQ showed that the indicative exchange rate for the I&E window dropped to N360.85 per dollar from N361.04 last week Friday, translating to 16 kobo appreciation for the naira. (Source: Vanguard)

 

India, Netherlands spend N1.7trn on Nigerian crude oil in 3 months: Three countries, India, The Netherlands, and the United States of America, USA emerged the highest importers of Nigerian crude oil grades, spending N1.71 trillion in the first quarter of 2018, Q1’18. (Source: Vanguard)

NNPC: $5bn JV Debt Repayment Restoring Investors’ Confidence in Nigeria: The Nigerian National Petroleum Corporation (NNPC) has said its repayment of the about $5 billion negotiated joint venture cash call debts owed to International Oil Companies (IOCs) over the years was now stirring the confidence of investors in Nigeria’s upstream oil sector. (Source: Thisday)


Dollar rates: Nigeria records zero rise in budget, capital spending in 10 yrs: In terms of the foreign exchange (forex) rates in the United States dollars equivalent, Nigeria may not have increased its budgetary and capital spending in the last 10 years, data from the Central Bank of Nigeria (CBN) have shown.(Source: Daily Trust)


Key Nigerian programmes yet to emerge: Tenders continued to keep spot trade on the sidelines on Monday while the absence of two key Nigerian programmes also helped keep sellers cautious of showing their best offers. The August programme for Bonny Light and Usan had still not emerged, traders said, and force majeure was still in place on Bonny Light exports. About fifteen July loading cargoes of Nigerian crude were still available. (Source: Reuters)


NLNG to receive 23,000 cubic metres new LPG vessel in 2020: Barring any unforeseen circumstances, the Nigeria LNG Limited (NLNG) will take delivery of 23,000 cubic metres new vessel in 2020, to boost volume and supply of Liquefied Petroleum Gas (LPG) in the country. (Source: Guardian)


Nigeria, India partner to develop renewable energy: Nigeria and India are making moves to explore opportunities in renewable energy development as part of the international agreements signed by both countries. (Source: Guardian)




Reporting for EasyKobo on Tuesday, 26 June 2018 in Lagos, Nigeria




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