Global Economy –Rundown: United State labour data that was released for the month of January 2020, revealed a steady gains, which was indicated by the 53.06% growth in payrolls increase from the previous month rate that stood at 147,000 acceleration to the current month 225,000 payroll increase, this simply provides an empirical basis for…
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.26% to 28,067.09 Index Points and N14.618Tr respectively. Year-to-Date ASI is still at a positive of 4.56%. · Number of trade and Volume of trade both decreased by 2.24% and 4.18% to 4243 and 303.933…
Us job growth is one of the main drivers of US economy. US unemployment rate remained low at 3.50% in January 2020 while the US economy grew by 2.3% in 2019. These leads to expectations of US economic growth by 2% in 2020. Reuters
Equities Market • The Nigerian Equity Bourse recorded an upward slide, as NSE ASI and Market capitalization both increased by 0.17% to 28,140.41 Index Points and N14.497Tr respectively. Year-to-Date ASI is still at a positive of 4.84%. • Number of trade, Volume of trade and Value of trade all decreased by 8.23%, 9.43% and 19.93%…
Tariffs are the main driver of US – China trade deal. China’s finance ministry announced that additional tariffs levied on some goods will be cut to 5% from 10% while others lowered to 2.5% from 5%. The objective is to abide by the trade deal and implement it to boost market confidence, push bilateral trade…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 1.19% to 28,093.76 Index Points and N14.471Tr respectively. Year-to-Date ASI is still at a positive of 4.66%. Volume of trade and Value of trade both increased by 37.41% and 40.73% to 350.208 Million and 4.284 Billion…
The private sector is one of the main drivers of the Euro-Area’s Economy. A composite Purchasing Managers’ Index rose to 51.3, the highest level since August 2019. These leads to expectations of the euro zone avoiding recession in 2020 while struggling to muster growth of 1%. Bloomberg
Nigeria FG plans to train about 50,000 agricultural extension agents to monitor, take stock, and document all assets of the Federal Ministry of Agriculture and Rural Development nationwide. Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Dr. Abdulkadir Mu`azu, has directed all departments and units in the ministry to align their activities to agriculture-specific…
US & Nigeria have entered into an Asset Recovery Agreement to repatriate over $308 million of forfeited assets to Nigeria. Nigeria’s Attorney General and Minister of Justice, Mr. Abubakar Malami, who signed on behalf of the Nigerian government, noted that the agreement had, “culminated in a major victory, for Nigeria. Thisday
Debt is one of the Main drivers of Nigerian Economy. The 8th National assembly has approved about $6BN out of $29.96BN loan with $22.8BN outstanding. This is to be funded with about $17BN loan from China-Exim Bank which will be channelled to the funding of Infrastructure, which will enhance the productivity of Nigerian economy. Punch