The deal led by the Organisation of Petroleum Exporting Countries to cut 1.2 million barrels per day from the start of this month should bring balance back to the oil market in the first quarter of 2019, the UAE’s Energy Minister, Suhail al-Mazrouei, has said. The minister said last month that OPEC and non-OPEC producers…
The Federal Government has proposed to spend a total of N2.26tn on debt servicing in the 2019 fiscal year, this was contained in the detailed budget proposal which was obtained by our correspondent in Abuja. The proposal for debt servicing is more than 25 per cent of the N8.83tn which the Federal Government proposed for…
FMDQ OTC Securities Exchange has launched what it called ‘Dealing Member (Specialists) Market’ for trading in fixed income with banks in the Nigerian debt capital market. It said the market development initiative came on the back of the fragmentation identified in the fixed-income market. According to the FMDQ, the market will provide seamless integration of…
Equities Market At the close of today’s Trading session, the Nigerian equities Bourse declined further by 0.96% as measured by NSE ASI and Market capitalization, as they both closed at 30,771.32 points and N11,474.90tr respectively. Year-to-Date ASI is at a negative of 0.96%. Volume, Value of trades both declined by 21.09% and 27.79%, while No…
