Us-China trade war is one of the main drivers of the China’s Economy Slow down which is leading to increasing default by Chinese companies in 2020. Moody’s credit rating agency expects 40-50 new defaults in 2020, compared with 35 in 2019 and total value of defaults in 2020 to be below 200 billion yuan ($28…
According to Wartsila’s Managing Director i.e. Wale Yusuff , Nigeria would see a rise in demand for renewable energy by 2030 creating a landscape for power plants to operate which means the federal government needs to formulate the right policies and business environment to attract both local and foreign investments to bridge its energy needs.…
Transmission Company of Nigeria (TCN) said African Development Bank (AfDB) has approved $210m (N64.26bn at the official exchange rate of N306 to $1) for power projects across Nigeria. The transmission company said the fund would be used for rehabilitating and expanding parts of the transmission grid in the North-West, South-South and the South-East. punch
Equities Market The Nigerian Equity Bourse Closed in the positive territory, as NSE ASI and Market capitalization both inched higher by 0.13% to 26,824.50 Index Points and N12.946Billion respectively. Year-to-Date ASI is at a Negative of 14.65%. Volume and Value of trade both increased by 60.02%, 15.90% to N303.822Million volume, N1.720Billion, while No of trades…
Equities Market The Nigerian Equity Bourse Continued with its downward slide, as NSE ASI and Market capitalization both decreased by 0.35% to 26,790.10 Index Points and N12.930Billion respectively. Year-to-Date ASI is at a Negative of 14.76%. Volume, Value of trade and No of deals all decreased by 9.58%, 52.18% and 16.44% to N189.860Million volume, N1.484Billion…
Equities Market The Nigerian Equity Bourse reversed from the previous day’s trend, as NSE ASI and Market capitalization both decreased by 0.56% to 26,883.33 Index Points and N12.975Billion respectively. Year-to-Date ASI is at a Negative of 14.47%. Volume, Value of trade and No of deals all decreased by 8.97%, 3.26% and 4.07% to N209.974Million volume,…
Domestic Economy –Rundown: The Nation’s GDP for Q3 grew to 2.28% The Nation’s GDP for the third quarter of 2019, stood at 2.28%, as against second quarter of 2019 reported GDP that stood at 1.94%, while for the same Q2 revised growth stood at a GDP of 2.12%. The growth for the period under review…
The optimism over the U.S/China trade talks have remained the key driver following positive headlines from the world’s two largest economies and global market in recent days, as world stocks hit its highest in almost two years on Tuesday, following positive signs that the two nations were working to end a bitter trade war that…
The African Export-Import Bank (AFREXIMBANK), devoted to financing and promoting intra and extra-African trade, owned by African governments, private and institutional investors, and non-African investors, with Nigeria as a major stakeholder, has disbursed $15 billion out of the $25 billion it committed in support of the implementation of the African Continental Free Trade Agreement (AfCFTA).…
The Securities and Exchange Commission (SEC), through its Acting Director-General, Mary Uduk, has said, during the third Capital Market Committee (CMC) Meeting that the commission has suspended the regularisation deadline for shareholders that opened accounts for the purchase of shares with different names, as this would enable other shareholders that are having challenges with their…
