Archive: Page 1

A Woeful Performance from the Refineries

Culled–Proshare October 17, 2017/FBNQuest Research In July the NNPC’s operating deficit doubled from N5.2bn the previous month to N11.9bn (US$39m). A profit before central costs and ventures from production (N15.4bn)… Read more »

UBA Plc – Strong Earnings Run Rate Despite Marginal Miss

Culled—Proshare October 17, 2017/Vetiva Research  Gross Earnings up 26% y/y – 7% ahead of our estimate · Strong FX trading income masks high costs, amidst improving FX liquidity ·         We… Read more »

Nigeria’s Headline Inflation Rate Moderates to 15.98% in September

October 17, 2017/Cordros Research According to the National Bureau of Statistics (NBS), Nigeria’s headline consumer price index has recorded its eight consecutive deceleration this year. Headline inflation was 15.98% in… Read more »

Insurance Chief, Ezekiel Chiejina to Launch Book on Pensions Atiku, Ambode, Utomi, others to attend

October 17, 2017/Press Release A former Director-General of the Nigerian Insurers Association (NIA) and a Lawyer, Mr. Ezekiel Chiejina, is set to launch his new book titled ‘Pensions in Nigeria’… Read more »

G-7 Finance Ministers And Central Bank Governors Release Cyber Security Report

Culled—Proshare 16/10/2017/FedWatch USA  On October 13, 2017 in Washington DC; the finance ministers and central bank governors of the G-7 countries released the Fundamental Elements for Effective Assessment of Cybersecurity… Read more »

Gold holds above $1,300 but firm dollar weighs

16/10/2017/Reuters Apeksha Nair Gold steadied above a key psychological level of $1,300 on Monday, buoyed by worries over Iran, while a firmer dollar weighed on sentiment. Spot gold was unchanged… Read more »

Tunisia will raise taxes on some luxury items, sell bonds

16/10/2017/Reuters Tunisia will raise some taxes and freeze public sector recruitment to try to reduce the budget deficit to 4.9 percent, an economic adviser to Prime Minister Youssef Chahed told… Read more »

Zimbabwe September inflation rises to 0.78 percent y/y

16/10/2017/Reuters Zimbabwe’s consumer price inflation quickened to 0.78 percent year-on-year in September compared to 0.14 percent in August, data from the national statistics agency showed on Monday. On a month-to-month… Read more »

World Bank disagrees with Adeosun on borrowing … says cost of debts not sustainable

October 17, 2017/Punch Everest Amaefule, Abuja The World Bank has disagreed with the Minister of Finance, Mrs. Kemi Adeosun, on the need for the Federal Government to borrow more in… Read more »

Statement by IMF Managing Director Christine Lagarde on Meeting with Greece Prime Minister Alexis Tsipras

October 17, 2017/IMF The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, met today in Washington with the Prime Minister of Greece, Alexis Tsipras, to discuss recent developments… Read more »