Browsing: News
Adesina pitches investors, says Africa, UK should be significant trade partners. The African Development Bank (www.AfDB.org) President, Adesina Akinwumi, has said that Africa and the United Kingdom (UK) should be significant trading partners, urged UK investors to ride on the wave of the African Continental Free Trade Area agreement.
Foreign Exchange: CBN’s intervention keeps Naira stable. The Nigeria’s local currency, Naira, having being on live support for over two years when the Central Bank of Nigeria (www.cbn.gov.ng) introduced multi tiered exchange regime.
Pension Fund Assets hit N10 trillion in November, 2019. The Pension Fund Assets as at November 30 has been valued at N9.992 trillion, which is about N8 billion away from N10 trillion mark.
Nigeria’s headline inflation hits 11.98%. The Nigeria’s headline inflation for December settled at 11.95 percent year on year, the National Bureau of Statistics has said.
NECA lauds Finance Act, urges compliance.
Pension fund jumps 120% after reform, as analysts see informal sector as threat. Retirement plan is not one of the favourite sides of an average Nigerian, but for those working in much organised companies, pension contribution has come to stay.
Tariff change to ease FG’s electricity subsidies burden – Afrinvest. Afrinvest www.afrinvest.com, a leading investment banking firm in Nigeria has indicated support for power sector tariff review, say it will ease electricity subsidies burden on government’s finances.
On the back of the drive to support the real sector of the economy, analysts have projected that the Central Bank of Nigeria (CBN) www.cbn.gov.ng will again raise loan to deposit ratio to 70 per cent in 2020.
Yusuf Binji leads BUA Cement to emerge as third largest on NSE. This listing makes the cement company to emerge as third largest on the local bourse, thus pushed market capitalisation to N15.16 trillion.
Fitch downgrade SSA Banks outlook, cites rising regulatory risk in Nigeria