11 March 2019

US slashes imports of Nigerian crude by 43%: The United States cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data released by the Energy Information Administration.(Source:Punch)

CBN urged to raise NIRSAL MFB capital to N100bn: The Centre for Social Justice has urged the Central Bank of Nigeria, and the Bankers Committee to raise the capital base of NIRSAL Microfinance Bank from N5bn to N100bn.(Source:Punch)

Stock market records decline in investors’ participation: The market, which gained N36bn last week, compared to the N325bn loss of the previous week, saw a decline in market participation as volume and value of trade dropped by 31.42 per cent and 39.46 per cent, respectively.(Source:Punch)

Bank loans to real estate industry drop by N162bn: Credit allocation by banks to the real estate industry has maintained a downward trend in the last year.(Source:Punch)

Nestlé declares N38.50 final dividend for 2018: Nestlé Nigeria Plc has declared a final dividend of N38.50 per share for the financial year ended December 31, 2018.(Source:Punch)

Shareholders approve Flour Mills external restructuring, merging of five subsidiaries: Shareholders of Flour Mills, FMN Plc have endorsed proposal of the Board of Directors to restructuring programme which involves the merging of the company’s five subsidiaries with its holding company under a Scheme of External Restructuring.(Source:Vanguard)

I&E forex window: Foreign investors increase dollar injection by 94% to $3.5bn: Dollar inflow from foreign investors through the Investors and Exporters (I&E) foreign exchange window rose by 94 percent in the first two months of the year.(Source:Vanguard)

Arbitration Tribunal Awards FG $1.69bn over Dispute on Brass, Forcados Assets: An Arbitral Tribunal sitting at the Lagos Court of Arbitration has awarded the federal government a whopping $1.69bn in a dispute between the Nigerian Petroleum Development Company (NPDC) Limited and Atlantic Energy Drilling Concepts Nigeria Limited and Atlantic Energy Brass Development Ltd.(Source:Thisday)

Big Banks Adopt Cautious Lending on Sluggish Economy: Two of Nigeria’s biggest banks gave out smaller amount of loans in 2018, compared to the previous year as financial institutions remained cautious in creating risk assets, considering the sluggish economic activities in the country.(Source:Thisday)

Egypt's core inflation rises to 9.2% YoY in Feb -central bank: Egypt’s core inflation increased to 9.2 percent year-on-year in February from 8.6 percent in January, the central bank said on Sunday.(Source:Reuters)

Brexit fallout on UK finance intensifies: More than 275 financial firms are moving a combined $1.2 trillion in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report from a think tank said on Monday.(Source:Reuters)

Reporting for EasyKobo on Friday , 11 March 2019 in Lagos, Nigeria