Nigeria's inflation report, FAAC meeting and other things to know in Finance this week

The June Consumer Price Index report, African Export-Import Bank (Afreximbank) 25th annual meeting, among other stories we are following this week.

Here are some of the financial stories:

NBS June inflation figure  - July 13

The National Bureau of Statistics is expected to release inflation figures for June on Friday, July 13, 2018. The annual inflation rate dropped to 11.61% in May 2018 from 12.48% in the prior month, the sixteen consecutive decline and lowest in over 2 years.


Afreximbank 25th annual meeting - July 11 to 14 2018 in Abuja

The African Export-Import Bank (Afreximbank) is celebrating a quarter century of financing and promoting intra- and extra-African trade - The Annual General Meetings are open to the Banking Industry professionals, Trade and Trade Finance practitioners and other stakeholders involved in economic development from across Africa and beyond.

The meetings will be attended by business and political leaders and reputed to be among the most important gatherings of economic decision-makers in Africa.

JUNE FAAC meeting deadlock

NNPC's remittance into federation account – Head to head between the Finance minister and the NNPC. No word yet from Nigeria's Muhammadu Buhari on the impasse.



Securities and Exchange Commission said information about MTN IPO is misleading and without merit. The SEC said MTN or Advisers are yet to file any IPO request for regulatory review. SEC says it will welcome MTN filing at due a time

Nigeria’s vice president, Osinbajo, is in Silicon Valley

Osinbajo is in the United States discussing the Nigerian business environment at the tech and entertainment roadshow.

On Monday, the vice president met with LinkedIn Co-Founder, Allen Blue and visited young promising Nigerians at Google House, Silicon Valley, California.


Nigeria’ state oil oil firm signs agreements for 7 critical gas development projects

The Nigerian National Petroleum Corporation, NNPC, has signed agreements for seven Critical Gas Development Projects (7CGDP) to deliver about 3.4 billion standard cubic feet of gas per day (bscfd) to bridge the foreseen medium-term supply gap by 2020 on an accelerated basis.

Stock market report

Dangote cement stock lifted the equities market on Monday, July 9, 2018, as the market started the week on a positive note. The Nigerian Stock Exchange (NSE) All-Share Index rose 0.07% to close at 37, 647.93 compared with the bearish performance last week.


The bullish performance was fragile as 19 stocks appreciated while 27 depreciated.

Lagos Business School

The Pan-Atlantic University has been ranked as the 48th Business School in the world and the only school in Africa to be listed among top 50 business school in the world by the Economist Magazine’s 2018 EMBA ranking.

The Lagos Business School beat the University of Pittsburgh – Katz Graduate School of Business United States and the EMLYON – EMLYON Business School in France to make the 48hh position in global MBA schools.

Also from Business Insider Sub-Sahara Africa:


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