Morning Beats
Political tension ahead of the
2019 general elections, persistent sell-offs, as a reaction and bargain hunting
by investors, have continued to spur free fall of equity prices.Guardian
NSE’s ‘bell ringing’
elicits reactions, as stakeholders differ on market’s impact
With the myriads of problems
facing the nation’s stock market, stakeholders have expressed divergent views
on the relevance of the routine ‘Bell Ringing’ exercise at the Nigerian Stock
Exchange (NSE) and the impact on the market.Guardian
Emefiele, Elumelu, IMF
for market dealers’ confab
The Governor of the Central Bank
of Nigeria (CBN), Godwin Emefiele; Chairman of UBA, Heirs Holdings and
Transcorp, Tony Elumelu; and the Country Chief, International Monetary Fund
(IMF), Amine Mati, are among the dignitaries who have confirmed their
attendance at the 2018 Financial Markets Conference, organised by the Financial
Markets Dealers Association (FMDA)Guardian
There’s need to review
listing fees – CEO, Magnartis Finance
Mr. Oluwaseyi Abe, is the Chief
Executive Officer of Magnartis Finance and Investments LimitedVanguard
More lies about power
and development exposed
The report further explained that
“the nation’s power generation plunged by 777.9 megawatts on Monday as output
from the hydropower plants and some gas-fired stations including Egbin in
Lagos, suffered declines.”Vanguard
Optimism for revived
FGN bonds, TBs trading as N364bn hit interbank
The financial markets ended last
week with some optimism of revived demand for FGN bonds and treasury bills in
the secondary market this week, anchored on expectation of increased excess liquidity in the interbank
money market due to inflow of N364
billion from maturing treasury bills.Vanguard
HI’18: Manufacturing
firms’ incur more costs, up by 20.2%
Despite the steady decline in the
inflation rate over the past 18 months, leading manufacturers quoted in the
Nigerian Stock Exchange, NSE, which operate across sectors have recorded
significant upsurge of 20.2 percent in their operating expenses, OPEX, in the
first half of 2018, HI’18. The figure rose to N233.9 billion from N194.6
billion recorded in H1’17.Vanguard
DisCos fault govt’s
directive on generation below optimal level
Electricity Distribution
Companies (DisCos) have faulted the National Control Centre’s (NCC’s) directive
to generation companies (GenCos) to generate electricity below optimal level.The
Nation
Nigeria yet to recover
from economic recession – Kale
The Statistician-General of the
Federation, Yemi Kale, has said Nigeria’s economy has not recovered from the
2016 recession.Punch
Dangote calls for more
investment in concrete roads
The AG-Dangote Construction
Company has called on governments at all levels to invest more in rigid
pavement for road construction.Punch
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