Year: 2019

The Federal Mortgage Bank of Nigeria (www.fmbn.gov.ng) has released about N5.4 billion to some cooperative societies to build 664 houseing units.

Analysts at WSTC Securities Limited (www.wstc.com.ng) have revealed that the monetary authority’s heterodox policies are yielding results. They added that Monetary Policy Committee’s decision would attract foreign and as well retains flows.

The Monetary Policy Committee of the Central Bank of Nigeria (www.cbn.gov.ng) has hold key rates, as leadership of the apex bank wants border to remain close.

Capital import declines as investors engrave in low beat sentiment. The amount of capital injected into the economy in the third quarter of 2019 stood at $5.36 billion, the National Bureau of Statistics (www.nigeriastats.gov.ng) said.

Forte Oil Plc on Monday notified its shareholders of plans for a name change to Ardova Plc.

Average T-Bills Yield Declines to 8.7% week on week, Afrinvest, a leading independent investment banking firm says in a recent release.

Union Bank of Nigeria Plc (www.unionbankng.com) has not declared loss in the last seven years. Its earnings have been steep and steady over the years since it returns to profitability in 2012.

On the back of strong its determination to deepen liquidity in the stock market, the Securities and Exchange Commission (SEC) www.sec.gov.ng is engaging the National Pension Commission (PENCOM) and the Asset Management Corporation of Nigeria (AMCON) on securities lending.

The Nigerian economy strengthened further in the third quarter of the fiscal year 2019 as it recorded improved productive performance.

Nigerian’s total debt profile is N25.7 trillion, Debt Management Office says.