Nigeria in 1minute: Economic, Business & Financial Headlines


What to expect from the markets this week – 120317 – The National Bureau of Statistics (NBS) would release its inflation report for February 2017 this week. The earlier wild swings in both the nominal effective exchange rate and real effective exchange rate, which unsettled price have began to give way for a mild one. Source Proshare Read More

Nigeria Produced 43.49m Tons of Solid Minerals in 2016 – NBS – The States Disaggregated Mining and Quarrying Data for 2016 reflected Nigeria produced 43,495,423.12 tons of solid minerals in 2016. Source Proshare Read More

Domestic debt servicing gulped N1.23tn in 2016 – DMO – The servicing of Nigeria’s domestic debt gulped N1.23tn in 2016, statistics obtained from the Debt Management Office have revealed. Source Punch Read More

Adeosun: FG releases over N1tr on 2016 capital votes – Over N1Trillion has been released for various infrastructure projects across the country in the 2016 budget the Minister of Finance, Mrs. Kemi Adeosun has said Source Daily Trust Read More

Fitch affirms IHS negative over Etisalat Nigeria’s difficulties – Fitch Ratings says that IHS Netherlands Holdco BV (IHS, B+/Negative) faces limited risks to its operations in Nigeria following recent press reports that Etisalat Nigeria, a key customer of IHS, has missed a debt payment. Source Daily Trust Read More

N5bn debt: FG to release names of defaulting radio, TV stations today – The Federal Government will today release names of radio and television stations who owe it N5billion license renewal fees, Daily Trust learnt last night. Source Daily Trust Read More

FG to raise N130bn from bonds sale this week – The federal  government is planning to raise N130 billion from its third bonds sale this year on March 15, the Debt Management Office has disclosed. Source Daily Trust Read More

FG Approves 10% Funding For N5m NHF Loans – The federal government has approved that National Housing Fund (NHF) loans of N5 million and below would attract 10% funding just as loan applicants would no longer make down payments of 10% of the house price. Source Leadership Read More

Terms for states as N500b Paris Club refund is ready – Another London-Paris Club loan refund (about N500billion) is on the way for states— with fresh hurdles for governors. Source THE NATION Read More

Budget Padding 101: For Beginners – Every good “intellekshual” article should start with definitions. I’m afraid that, having said that, it’s all downhill from here on in. Source Medium Read More

Nigeria to lose crown as Africa’s largest economy – In April 2014, Nigeria proudly declared that its economic output in 2013 had hit $509bn, displacing long time dominant economy, South Africa to claim the enviable title of Africa’s largest economy. Source BUSINESSDAY Read More

FG yet to pay revised pension rate –PenCom – About three years after the Pension Reform Act 2014 mandated an upward review of the amount required by employers to be contributed into the Retirement Savings Accounts of their employees with their Pension Fund Administrators, the Federal Government is yet to comply with the regulation. Source Punch Read More





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