|Economy|
NSE capitalization hits N12.91tn as Seplat climbs higher: The capitalization of the equities market hit a one-month peak of N12.910 trillion yesterday as Seplat Petroleum Development Company Plc price rallied for the second day on high demand by investors. On the second day of trading its shares, investors raised the price they are willing to pay for the stock higher by N30.24, causing Seplat to close at N635.04. Despite the increase in the price, only 425,265 units of the shares were traded for N270 million in 70 deals. Source:Thisday

Higher food prices push inflation slightly to 7.8% in March: Nigeria’s year-on-year Consumer Price Index (CPI) which measures inflation rose slightly to 7.8 percent in March compared to 7.7 percent the previous month, according to figures from the National Bureau of Statistics (NBS). The NBS attributed the change to higher prices of bread, cereals, fish, dairy, oils and fats as well as fruits. Source:Thisday

FG picks Stanbic, Goldman Sachs for $100 million Diaspora bond sale: The Debt Management Office has disclosed that the Federal Government has appointed Stanbic IBTC Bank and Goldman Sachs as advisers for its debut $100 million Diaspora bond issue. The DMO also announced the appointment of Olaniwun Ajayi LP (Nigerian) and Arnold & Porter LLP  (International) as legal advisers. Source: The Guardian

|Infrastructure|
Hull Blyth to build $50m dry port in Ogun: A shipping and cargo services company, Hull Blyth Nigeria, is planning to build a $50million dry port in Ewekoro Local Government Area of Ogun State. The company’s Managing Director, Christian Holm disclosed that the  dry port was planned to serve as an extension of seaports in Lagos State and would be completed within one year. Source: The Nation