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Financial News Summary 21st February, 2018

By |February 22nd, 2018|

ICMA: Daily financial news updates for 21th February, 2018. Below are the summaries of today’s news, do have a blissful day.

Fuel Scarcity: NNPC Imports Petrol, Worth $5.8bn

The Nigerian National Petroleum Corporation on Tuesday said it had imported 9.8 million metric tons of fuel, worth $5.8bn to battle the unavailability of fuel that reemerged before the […]

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Financial News Summary 20th February, 2018

By |February 20th, 2018|

ICMA: Daily financial news updates for 20th February, 2018. Below are the summaries of today’s news, do have a blissful day.

NSE: Stock Market Records 234bn Loss

Nigerian Stock Exchange Started the week on a negative note as at Monday 19th losing N234bn.

The NSE All-Share Index dropped by 1.5 for each penny to settle at 41,988.18 […]

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Financial News Summary 19TH February, 2018

By |February 19th, 2018|

ICMA: Daily financial news updates for 19th February, 2018. Below are the summaries of today news, do have a blissful day.
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Stock Market Decline in 7 Days, Investors Lose N370b

By |February 16th, 2018|

The Nigerian stock exchange slide down by N370bn in one session on Tuesday 13th, February proceeding on a free downfall to seven straight sessions.
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Glo, Airtel, Dangote, Seven Others Advance to Final Stage in 9mobile Bid

By |November 20th, 2017|

The scramble to acquire 9mobile, Nigeria’s fourth largest network operator, has advanced to the next stage, with 10 out of the 16 firms that submitted expressions of interest (EoIs) for the telecoms firm, prequalified by Barclays – the financial adviser to the deal – to proceed to the financial bid stage of the exercise.
Sources conversant […]

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DMO: USD5.5 Billion Proposed External Capital Raising

By |November 7th, 2017|

The plans of the Federal Government of Nigeria to source USD5.5 billion funds from the International Financial Markets comprises of two components: USD2.5 billion new borrowing and USD3 billion for refinancing of existing Domestic Debt.

New Projects Capital Raising
The first component of USD2.5 billion, represents new external borrowing provided for in the 2017 Appropriation Act to […]

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GLOBAL MARKETS-World stocks hit new highs, oil soars, Fed moves into focus

By |November 1st, 2017|

Upbeat earnings reports helped drive global stock markets to record highs on Wednesday, as investors turned their focus to a U.S. Federal Reserve meeting for fresh insight on the outlook for monetary policy in the world’s biggest economy.
Oil prices extended a bull run on hopes that major producers would maintain their output cuts. The dollar […]

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UPDATE 2-Oil prices surge as OPEC’s compliance with cuts improves

By |November 1st, 2017|

Oil prices rose to near recent highs on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia is also seen keeping to the deal.

Brent futures, the international benchmark for oil prices, were at $61.32 per barrel at 0759 GMT, up 38 cents, or 0.6 percent, since their last […]

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FG Agrees to Pay N88bn as Compensation to Nigerian Civil War Victims

By |October 31st, 2017|

Forty-seven years after the Nigerian Civil War ended under ‘no victor, no vanquished’ terms, the federal government Monday agreed to pay victims of the war N88 billion as compensation.

A breakdown of the compensation adopted by the ECOWAS Court of Justice as consent judgment for government and the victims showed that N50 billion would go directly […]

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Justice Salami Rejects Appointment To Monitor Corruption Cases

By |October 27th, 2017|

The Chief Justice of Nigeria and Chairman of the National Judicial Council, Walter Onnoghen, has confirmed the resignation of retired Justice Ayo Salami as Chairperson of the Corruption and Financial Crimes Cases Trial Monitoring Committee. Continue here: http://saharareporters.com/2017/10/26/justice-salami-rejects-appointment-monitor-corruption-cases

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