Wednesday, December 19, 2018 5:09:05 PM- Nigerian Stock Exchange.



  Top Financial News

      

06 December 2018 ( Lagos )


OPEC: Nigeria under pressure to join oil output cuts: Ahead of the meeting of the Organisation of Petroleum Exporting Countries today (Thursday), other members of the group have expressed their eagerness to rescind Nigeria and Libya’s exemptions from oil production cuts and have them join efforts to ward off a supply glut.(Source:Punch)

 

CPS: FG makes National Identification Number mandatory for workers: The Federal Government has mandated all workers under the Contributory Pension Scheme to produce their National Identification Numbers as part of their pension requirements.(Source:Punch)


Investors’ wealth increases as stock market gains N50bn:  Investors’ in the Nigerian stock market recorded a N50bn increase in their wealth on Wednesday as the market extended its bullish run into the second consecutive day after the rebound on Tuesday.(Source:Punch)

 

Avoid pipeline rights of way, Shell urges residents:  Shell Petroleum Development Company of Nigeria Limited has asked members of the public to stay away from oil and gas pipeline rights of way in order to avoid explosion that may occur due to more pressure in the pipelines.(Source:Punch)

 

115 firms seek to close 4.7 million metering gap: The number of companies seeking to become meter asset providers in the Nigeria electricity supply industry has risen to 115, as over 4.7 million electricity customers remain unmetered.(Source:Punch)


EU court faults Africa emergency fund: European Court of Auditor has faulted the European Union Emergency Trust Fund (EUTF) for Africa. It said   its objectives are too broad to efficiently steer action across Africa, and the European Commission has encountered difficulties in measuring the extent to which the fund has achieved its objectives said auditors.(Source: The Nation)

 

Oil may dip to $40, warns Iran: A fractured Organisation of Petroleum Exporting Countries (OPEC) is meeting later this week to discuss a deal to cut oil production-yet again-to rebalance the market and lift oil prices that have recently slipped to below most of the cartel members’ budget-balance points.(Source: The Nation)

 

DisCos disconnect 750 houses under power lines: Electricity distribution companies (DisCos), have disconnected over 750 houses under the power line nationwide, the Managing Director, Nigerian Electricity Management Service Agency (NEMSA), Peter Ewesor, has  said.(Source: The Nation)

 

Survey Reveals Sustained Confidence in Economy: The Central Bank of Nigeria’s (CBN) Monthly Business Expectation Survey for November 2018, has revealed that businesses are more optimistic about macroeconomic growth.(Source: Thisday)

 

FCMB Receives $3m 9mobile Debt: First City Monument Bank (FCMB) said on Wednesday that it had received $3 million as part of the proceeds from the sale of debt-laden telecoms firm 9mobile, which was seized by its lenders and sold to new investors.(Source: Thisday)

 

NSE Eyes Listing of More Exchange Traded Products: The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema Wednesday said more Exchange Traded Products (ETPs) would be listed soon.(Source: Thisday)


DISCOs are frustrating FG’s effort on metering – NERC: The Nigerian Electricity Regulatory Commission, NERC, has reprimanded the Electricity Distribution Company, DISCOs, over its lukewarm attitude towards providing meters to customers.(Source:Vanguard)


Reporting for EasyKobo on Thursday , 06 December 2018 in Lagos, Nigeria





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