Top Financial News   

29 November 2018

 

Nigeria’s GDP growth’ll be below 2% in 2018 – World Bank:   The World Bank has projected a slow growth in Nigeria’s economy in 2018 in its latest report.(Source:Punch)

 

Malabu: Nigeria loses over $10bn in one deal, say Reps, CSO: The House of Representatives has raised the alarm that Nigeria may have lost up to $10bn in the controversial Malabu oil deal in one transaction on Operating Licence 245.(Source:Punch)

 

OPEC: Nigeria yet to decide on oil production cut: Nigeria and Russia have said it is too early to signal whether they would join any production curbs.(Source:Punch)

 

Petrol: Nigeria imported 4.37bn litres in 3 months – NBS: Between July and September this year, the country imported 4.37 billion litres of petrol, figures for the oil sector obtained from the National Bureau of Statistics have revealed.(Source:Punch)

 

NNPC to Raise Petrol Stock Levels to 50 Days Supply Sufficiency: The Nigerian National Petroleum Corporation (NNPC) wednesday said it would raise the level of current petrol stock from 45 to 50 days, stating that this should provide adequate supply buffer for the country going into the impending Christmas and New Year season.(Source:Thisday)


FG, States, LGs Share N788.139bn for October: The federal, states and local governments wednesday shared a total of N788.139 billion for the month of October as the Federation Account Allocation Committee (FAAC) meeting ended in Kaduna.(Source:Thisday)

 

Senators Disagree over Alleged Non-remittance of NPA’s N177bn Operational Surplus: Senators were sharply divided Wednesday over the authenticity or otherwise of the alleged non remittance of N177billion operational surplus made by the Nigerian Ports Authority ( NPA) into the consolidated federation account.(Source:Thisday)


World Bank predicts wider 2018 FG budget deficit:  The World Bank has predicted a  wider fiscal deficit beyond the N1.95 trillion stated in the 2018 budget of the federal government of Nigeria.(Source:Vanguard)


Nigeria’s Access Bank to Repay $400 Million Bond Two Years Early: Access Bank Plc plans to redeem a $400 million subordinated Eurobond due in 2021 two years early as Nigeria’s fourth-largest lender seeks to reduce funding costs. Prices on the notes rallied the most since Aug. 10, pushing yields lower.(Source:Bloomberg)


Reporting for EasyKobo on Thurssday , 29 November 2018 in Lagos, Nigeria

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