Wednesday, January 27, 2021 IMF Revises Nigeria’s 2021 GDP Forecasts to 1.5% The International Monetary Fund (IMF) in its World Economic Outlook (WEO) update released yesterday has projected that the Nigerian economy will grow by 1.5 per cent this year, slightly lower than the 1.7 per cent it had predicted for the country in its…
DetailsTuesday, January 26, 2021 World Bank Plans to Invest over $5bn in Africa’s Drylands The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti. Read more…
DetailsFriday, January 22, 2021 Meristem Unveils Economic Outlook Report, Bullish on Stock Market Meristem Securities Limited has predicted that the Nigerian equities market will sustain its positive momentum through the better part of the year. The equities market posted a record gain of 50.03 per cent in 2020 and the positive gain has extended into…
DetailsThursday, January 21, 2021 AfDB, EIB Seal Deal to Enhance Africa’s Development The African Development Bank (AfDB) and the European Investment Bank (EIB) yesterday signed a joint partnership action plan on how to boost public and private sector investment in Africa. The joint action plan enables both institutions to grow a shared pipeline of bankable…
DetailsWednesday, January 20, 2021 NSE CEO Bullish on Capital Market Outlook for 2021 The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, yesterday expressed optimism that the market would record another impressive performance in 2021, saying the exchange would consolidate on the benefits of demutualisation. The Nigerian equities market recovered from…
DetailsTuesday, January 19, 2021 Sovereign Trust Insurance Maintains ‘A-’ Rating Sovereign Trust Insurance Plc has been rated ‘A-‘ by the Global Credit Rating (GCR) According to GCR, Sovereign Trust Insurance, has great potential for growth in the years ahead considering some of the strategies that had been put in place to propel its operations. Read…
DetailsFriday, January 15, 2021 Equities Market Rises Further as Bulls Consolidate Hold The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent…
DetailsThursday, January 14, 2021 Report Foresees 13.5% Monetary Policy Rate for Nigeria in 2021 Nigeria’s benchmark Monetary Policy Rate (MPR) has been predicted to rise by 200 basis points to 13.5 per cent in 2021, up from the 11.5 per cent it is presently. Bloomberg Economics made the prediction in the media outfit’s quarterly guide…
DetailsWednesday, January 13, 2021 Lawan Guarantees Passage of Petroleum Industry Bill President of the Senate, Dr Ahmad Lawan, yesterday committed the National Assembly to an expeditious passage of the long-delayed Petroleum Industry Bill (PIB). Lawan, at a programme in Abuja to mark his 62nd birthday, assured Nigerians that the passage of the PIB will form…
DetailsTuesday, January 12, 2021 Total: New Deepwater Royalties, Finance Act Eroded Value of Oil Assets Total Exploration and Production Nigeria Limited has said the deepwater royalties stipulated in the amended Deep Offshore and Inland Basin Production Sharing Contract Act (DOIBPSCA) 2019 and related provisions in the Finance Act 2020, has led to significant value erosion…
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