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…
The Nigerian Bureau of Statistics (NBS) in a statement released on Monday said that, between January and September this year, the Nigerian economy attracted a total of $19.67bn worth of investments, and the said investments were from various sources. They are Foreign Direct Investment (FDI), which is made up of equity; portfolio investment made up…
Equities Market • The Nigerian Equity Bourse continued with its bullish run at the end of today’s trading activities, as NSE ASI and Market capitalization both increased by 0.16% to 27,035.78 Index Points and N13,048Billion respectively. Year-to-Date ASI is still at a Negative of 13.98%. • Volume, Value of trade and No of deals all…
It was reported by a Chinese tabloid on Monday, that China and the U.S were ‘very close’ to an initial trade agreement after both presidents reiterated their desire for a deal. European shares rose on Monday following reports on the deal between LVMH and Tiffany & CO. French luxury goods group, LVMH (LVMH.PA) rose 1.7%…
A new wave of asset divestment by some International Oil Companies (IOCs) is brewing at a time when the country is seeking more investments in the oil and gas industry. In a report made earlier this year, it was said that ExxonMobil had held talks on the sale of a suite of oil and gas…
The Securities and Exchange Commission (SEC) has made a move to end the use of banker’s confirmation form in processing e-dividend registration. The move was aimed at reducing the huge number of unclaimed dividends at the nation’s capital market which is currently put at N103 billion as at December 2017, as well as increasing the…
Equities Market The Nigerian Equity Bourse continued with an upward swing at today’s trading activity as NSE ASI and Market capitalization both increased by 0.14% to 26,776.15 Index Points and N12,923.98 Billion respectively. Year-to-Date ASI is still at a Negative of 14.81%. Volume, Value of trade and No of deals all declined by 32.21%, 53.34%…
