Top Financial News   

26 November 2018


Fresh trouble for Nigeria as oil price plunges:  The international oil benchmark, Brent crude, has fallen to its lowest level this year and below the proposed benchmark for Nigeria’s 2019 budget, with economic experts describing the development as a cause for concern for the country.(Source:Punch)


e-Dividend mandate: Unclaimed dividends now N60bn: Over time, the increasing volume of unclaimed dividends in the capital market has been generating arguments among market stakeholders and has become a source of concern for capital market operators.(Source:Punch)


Nigeria Commodity Exchange moves to reduce N2.7tn post-harvest losses: The Nigeria Commodity Exchange has entered into an agreement with the New Nigeria Commodity Marketing Company to ensure a massive boost in the trading of agricultural produce in the country.(Source:Punch)


Emefiele, bankers to provide insights into economy: The Chartered Institute of Bankers of Nigeria has said the Governor, Central Bank of Nigeria, Mr Godwin Emefiele, and other stakeholders in the industry will provide insights into the economy in its upcoming annual dinner this month.(Source:Punch)


CBN, ABCON’s partnership stabilising naira – Gwadabe:  The President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said the ongoing strategic partnership between the Central Bank of Nigeria and the association has kept the naira stable at both the official and parallel markets, despite huge campaign spending by political parties.(Source:Punch)


Compliance institute reviews corruption, anti-bribery programmes for financial companies: The Compliance Institute for Banks and Other Financial Institutions in Nigeria Limited said it has reviewed its syllabus on different topics including corruption and anti-bribery for the institutions.(Source:Punch)


Oil marketers fret over assets forfeiture to banks: Oil marketers have started re-negotiating with banks over the terms of the facilities they took from the lenders.(Source:Vanguard)

Nigerian equities lose N2.04 trillion: Most Nigerian equities closed weekend at their lowest prices. A net loss of N139 billion in the four trading sessions last week worsened the net loss over the 11-month period to N2.04 trillion.(Source:Vanguard)


Electricity workers push for review of DisCos’ licences, performance: Worried by the state of electricity supply in the country, workers in the sector have urged the Federal Government to review the licences and performance of  the electricity distribution companies (DisCos).(Source:Vanguard)


Consolidated Hallmark holds EGM Nov. 28: Arrangements have been concluded by Consolidated Hallmark Insurance (CHI) Plc to hold its Extraordinary General Meeting (EGM) on Wednesday, November 28.(Source:Vanguard)

May & Baker Nigeria’s N2.45 Billion Rights Issue Closes Wednesday: Shareholders of May & Baker Nigeria Plc have only three days to take up their rights   and increase their stake in the pharmaceutical manufacturing firm.(Source:Thisday)


Collapse ECA into Stabilisation Account of SWF, FG Told: The federal government has been advised to collapse the Excess Crude Account (ECA) into the stabilisation account of the Sovereign Wealth Fund (SWF).(Source:Thisday)

Postal commission bill: Nigeria risks loss of N300bn investments, 100,000 jobs – LCCI: The Lagos Chamber of Commerce and Industry (LCCI) at the weekend rejected the Nigeria Postal Commission bill currently before the National Assembly saying its passage in its current form will put over 100,000 jobs in the courier sector at risk.(Source:Daily Trust)

Why we came up with BlocMaster – Dangote Cement: Dangote Cement has said it came up with BlocMaster to give cement users in the country best value for their money.(Source:Daily Trust)


Prices of selected food stuff increased in October – NBS: The National Bureau of Statistics (NBS) says average price of some selected food items in the country increased in October.(Source:Daily Trust)

Reporting for EasyKobo on Monday , 26 November 2018 in Lagos, Nigeria

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