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Nigeria: Report Predicts U.S.$17 Billion Decline in Nigerian Oil Revenue
May 18, 2020--Nigeria's oil revenue is likely to decline by between 70 per cent and 80 per cent this year, representing between $15 billion and $17 billion, the Chief Executive Officer of Financial Derivatives Company Limited and a member of President Muhammadu Buhari's Economic Advisory Council, Mr. Bismarck Rewane, has predicted.
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Source: allafrica.com
Markets wrap Firmer close in Asia lifts JSE All-Share Index
May 16, 2020--On the currency market, the rand traded softer against the greenback as it slipped to a session low of R18.77/$.
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Source: FIN24
Nigeria: Report Highlights Investment Opportunities
May 15, 2020--Amid current global market turbulence occasioned by lockdowns in many economies due to the COVID-19 concerns, a report by the FBN Private Banking has revealed unique investment opportunities which Nigerian investors can leverage to survive.
The latest edition of the Wealth Management Digest, a periodic report of the FBN Private Banking's global economic review, listed some of such investible and profitable business opportunities as FGN Eurobonds, Eurobonds mutual funds, stock market, real estate, foreign currency, among others.
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Source: allafrica.com
Markets wrap JSE retreats as global markets fret over economic growth
May 13, 2020--Deep losses were recorded across most European benchmarks except the FTSE 100 which managed to trade relatively flat on the day.
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Source: FIN24
Local stocks edge higher as optimism remains
May 13, 2020--Still, there was disappointment in terms of economic data following the release of the SACCI Business Confidence index data for April which came in at 77.8, compared to a forecast of 89.2.
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Source: FIN2
Stocks rise despite record US job losses
May 13, 2020--The rand strengthened against the greenback as it peaked at a session high of R18.30 before it was recorded trading 1.41% firmer at R18.32/$ at 17.00.
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Source: FIN24
Stocks rise despite record US job losses
May 8, 2020--The rand strengthened against the greenback as it peaked at a session high of R18.30 before it was recorded trading 1.41% firmer at R18.32/$ at 17.00
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Source: FIN24
Local stocks edge higher as optimism remains
May 7, 2020--Still, there was disappointment in terms of economic data following the release of the SACCI Business Confidence index data for April which came in at 77.8, compared to a forecast of 89.2.
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Source: FIN24
Nigeria: SEC Asks Nigerians to Explore Capital Market Investment Options
May 6, 2020--As the Coronavirus pandemic continues to impact businesses and individuals in Nigeria with unquantifiable losses, Nigerians have been urged to look to the capital market as an avenue to create wealth.
The Acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, gave the advice on Tuesday in Abuja.
Uduk said the commission was aware of the economic implications of the virus, hence the management has ensured that the capital market remains open for trading.
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Source: allafrica.com
Nigeria: Economy to Contract By 3.4% in 2020-Govt
May 6, 2020--The Federal Government yesterday revised downward its earlier forecast of 2.9% growth for the nation's economy this year, saying rather, the economy will contract by 3.4%.
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Source: allafrica.com
