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
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.35% to 28,423.27 Index Points and N14.645Tr respectively. Year-to-Date ASI is still at a positive of 5.92%. Number of trade and Volume of trade both increased by 9.41% and 1.30% to 5199 and 254.860 Million while…
Producer prices are one of the main drivers of Europe’s Economy. Eurozone headline inflation increased to 1.4% in January 2020, while the slowdown in industry deflation declined by 4.0% in December caused by a less prominent fall in Energy prices. Reuters
Global Economy –Rundown: The United State Federal Reserve left its key lending rate within the corridors of 1.50%-1.75%, while it upheld that at the current rate the Country’s economic expansion would be sustained, citing the strong job market and inflation rate clinching to the Federal Reserve rate of 2%. The Fed in agreeing to cap…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 1.08% to 28,533.40 Index Points and N14.697Tr respectively. Year-to-Date ASI is still at a positive of 6.30%. Volume of trade and Value of trade both decreased by 27.83% and 25.07% to 251.592 Million and N3.152 Billion…
Interest rates are one of the main drivers of Chinese Economy. China’s Central bank injected 150 billion Yuan ($21.4 billion) using 7-day and 14-day reverse repurchase agreements while decreasing both 7-day & 14-day reverse repurchase agreements interest rates by 10 basis points. These should reduce the negative effect of spreading the Coronavirus. Bloomberg
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.27% to 29,030.93 Index Points and N14.954Tr respectively. Year-to-Date ASI is still at a positive of 8.15%. Number of trade, Volume of trade and Value of trade all increased by 24.04%, 13.06% and 98.09% to 4411,…
