Morning Beats
FMBN begins zero equity for housing loan subscribers
The Federal Mortgage Bank of
Nigeria (FMBN), has commenced the implementation of the new approved conditions
for accessing loans from the National Housing Fund (NHF).Guardian
Duet invests $50million
in AJEAST Nigeria
Duet Private Equity Limited
(DPEL), a principal investor in emerging and frontier markets, has announced
the acquisition of a majority stake in AJEAST Nigeria Limited.Guardian
Political uncertainties
depress stock market indices further by N54b
Political uncertainties has
continued to spark volatility and induce sell pressure on the equity sector of
the Nigerian Stock Exchange (NSE), as virtually all the major blue chip stocks
depreciated in price, causing market capitailisation to dip further by
N54billion.Guardian
Cummins Power to
inaugurate 26MW power plant in Q3
Cummins Nigeria has concluded
plans to make its installed 25.75megawatt (MW) power plant at Sapele Power Plc
in Delta State operational this third quarter.Guardian
Ease of doing business:
FG targets top 100 ranking in 2yrs
The federal government is working
at entering the list of top 100 countries on the global ranking in Ease of
Doing Business by 2020.Vanguard
CBN injects $210m into
forex market
The Central Bank of Nigeria (CBN)
yesterday injected $210 million into the inter-bank Foreign Exchange (forex)
Market. The move was meant to boost forex availability and also meet customers’
requests in various segments of the market.The
Nation
Denmark unveils $650m
devt fund
Denmark and six pension funds on
have launched a 4.1 billion crowns ($650 million) investment fund aimed at
promoting Danish technology and fighting poverty and climate change in developing
countries.The
Nation
‘Banks’ credit to
consumers, MSMEs below 10%’
Banks provide less than 10 per
cent loans to consumers and Micro, Small and Medium Enterprises (MSMEs) in
Nigeria compared to other emerging economies,The
Nation
CBN may increase
interest rate soon
The Central Bank of Nigeria has
hinted about plans to increase the interest rate as it hopes to tighten the
monetary policy in response to higher inflation ahead of the general elections
in February.Punch
External reserves fall
below $47bn, lowest since April
The nation’s foreign exchange
reserves have dropped below $47bn, losing $251m in the first six days of the
month, data from the Central Bank of Nigeria showed on Tuesday.Punch
FG, BoI support traders
with interest-free loans
The Federal Government and the
Bank of Industry on Tuesday gave out interest-free loans to traders in various
markets across Lagos.Punch
Stock market ends
lower, NSE unveils e-payment platform
The market capitalisation of
equities listed on the Nigerian Stock Exchange fell further at the close of
trading on Tuesday as the share prices of 21 firms dropped.Punch
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