|Economy|
FG Identifies 13 Products to Replace Oil Revenue: In a swift move to give momentum to non oil export, the Federal Government has marked out 13 National Strategic Export Products meant to replace the petroleum products which prices have continued to nose dive in the international markets. Minister of Trade and Investments, Mr. Olusegun Aganga, listed the 13 National Strategic Export Products (NSEP) in three categories including; Agro industrial - Palm Oil, Cocoa, Cashew, Sugar and Rice); Mining Related - Cement, Iron ore/metals, Auto parts/cars, Aluminium and Oil and Gas Industrial Products - Petroleum products, fertilizer/Urea, Petrochemical and Methanol. Mr. Aganga, disclosed that this is part of the spirited moves by the government towards reviving the dwindling national economy with emphasis on rapid growth of the non-oil sector for exports. Source: Daily Trust

|Capital market|
Oteh Bows Out as SEC DG Today: The Director-General, Securities and Exchange Commission, Ms Arunma Oteh, will today officially bow out of office after spending the mandatory five years. She is expected to hand over to any of the commissioners on the board of SEC in Abuja. There are five commissioners on the board of SEC three of who are executive commissioners, while the other are non-executive commissioners. Source: Punch

|Money market|
US$400m Intervention Bolsters the Naira: The Central Bank of Nigeria (CBN) offered a total of $400 million to currency dealers at the Retail Dutch Auction System (RDAS) last week. Last week’s forex sale by the regulator was the first bi-weekly auction at the official market this year. However, while the CBN sold $178.94 million on Monday, $450.56 million was sold on Wednesday at the marginal rate of N$168 to a Dollar. Although activity level rose during the week as demand heightened following sustained losses in the stock market occasioned by portfolio reversals, Dollar sales by oil companies and the central bank’s intervention moderated the demand-supply mismatch. At the interbank market, the Naira strengthened to N180.25 to a Dollar. The Naira also appreciated marginally at the parallel market as it climbed to N190.50 to a Dollar, just as the currency maintained its value of N189 to a Dollar at the BDC. Source: Thisday

|Real estate|
FG, Firm Sign $80m Housing Deal: Federal Government and the Dubai based Signature Value Homes (SVH) have signed an $80 million housing deal. Under the deal, 300 houses will be provided in Abuja within six months in the first phase. The project is expected to start next month. According to the Minister of Lands, Housing and Urban Development(MLHUD), Mrs. Akon Eyakenyi, Messrs Signature Value Homes Limited submitted an unsolicited proposal of intent to develop affordable mass housing under the Public Private Partnership (PPP) Contractors finance initiative. Source: Daily Independent