In the news: Stock Market hits nine-year high

Punch

Fuel queues return to Lagos, Ogun …NNPC blames hitch on vessels berthing

Long queues of desperate motorists and other users of Premium Motor Spirit returned to many filling stations in Lagos and Ogun states on Saturday and Sunday after a brief relief from the severe scarcity of the product that rocked the country from December to early this month.

PIGB’ll reduce N200bn oil revenue losses – NEITI

The Nigeria Extractive Industries Transparency Initiative on Sunday welcomed the decision by both chambers of the National Assembly to pass the Petroleum Industry Governance Bill and stated that it would help reduce the country’s over N200bn oil sector revenue losses.

Emefiele allays fears over MPC meeting

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability of the bank to hold the Monetary Policy Committee meeting earlier scheduled for Monday and Tuesday due to the non-confirmation of the MPC nominees by the Senate.

This Day

Huge Debt Service Cost in Nigeria, Others, Worries Moody’s

The elevated public debt-service cost in Nigeria and some other countries in Africa calls for concern, Moody’s Investors Service stated in a report at the weekend.

Stock Market Sustains Rally to Hit Nine-year High

The Nigerian equities market sustained the bull run to hit a nine-year high last week following investors’ buying interest in Tier-2 banking stocks and some other bellwether stocks.

Media Firm Slams N200m Suit Against Access Bank over Unlawful Account Freeze

An Abuja-based media firm, Image Merchants Promotion Limited and its promoter, Mallam Yushau Shuaib, have slammed a N200million suit against Access Bank Plc. over an alleged unlawful freezing of their four different accounts with the bank in the past two years.

Vanguard

CBN to slow liquidity mop-up as DMO kick-starts bond issuance with N110bn offer

The Debt Management Office (DMO) will, this week, offer N110 billion worth of FGN bonds in commencement of  its 2018 bond issuance programme, prompting expectations of reduced liquidity mop-up operations by the Central Bank of Nigeria (CBN).

FRC moves to develop new National Code of Corporate Governance

The Financial Reporting Council of Nigeria has commenced measures to develop a new National Code of Corporate Governance.

7.5m Nigerians jobless since 2016 – NBS

About 7.5 million Nigerians were doing nothing between January 2016 and December 30, 2017, the National Bureau of Statistics has revealed.

The post In the news: Stock Market hits nine-year high appeared first on Realising Ambitions.

Source: Blog