Nigeria in 1min: Economic, Business and Financial Headlines - 280621


Monday, June 28, 2021 / 5:49 AM / By News Aggregator / Header Image Credit: Nairaland

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COVID-19 Health Updates

  • 27th of June 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 167,467 cases (New: 2)
  • Discharged: 163,949
  • Deaths: : 2,119 (New: 1)

Source: NCDC Read More

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Can Anything Halt This Oil Price Rally? - OIR 250621 - Oil appears set to close out another week of gains, although trading became choppy this week as OPEC+ readies production increases. Source Tom Koolof oilprice Read More 

Currency in Circulation Drops to N2.79tn, Says CBN - The currency in circulation dropped slightly from N2.79tn as of the end of April to N2.79tn in May, the latest figures from the Central Bank of Nigeria showed on Thursday. Source Punch Read More

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What To Expect From The Markets This Week - 280621 - According to data from NBS, domestic debt accounted for 62.33% of Nigeria's public debt portfolio as of Q1 2021. The domestic debt portfolio accounted for N20.64trn out of the total public debt stock of N33trn, while external debt was N12.47trn. Source Proshare Content Read More

FG Commends NGX on Capital Market Development - The Federal Government has commended the Nigerian Exchange (NGX) Limited for its efforts in ensuring that the Nigerian capital market (NCM) is deepened. The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, made the commendation during a courtesy visit of the management of the NGX, led by its Chief Executive Officer, Mr Temi Popoola, CFA. Source NGX Read More

Commodity Trading in Nigeria - Beginner's Guide to Commodities Market Investing - Commodity trading is an act of buying and selling the basic goods or raw materials used in commerce. Commodities are generally traded through derivatives like forwards, futures, and options but can also be traded in the spot market physically. Source Saurav Sharma Read More

Nigerian Banks: Resilience Built in - What is the investment case for Nigerian banks? 2021 is proving to be a year of volatile Naira market interest rates (rising sharply), as was 2020 (when they crashed). It is important to understand the drivers of these interest rate changes. Source Coronation Research Read More

Guaranty Trust HoldCo Plc: A Breath of Fresh Air - The suspension of trading earlier placed on the shares of Guaranty Trust Bank Plc (GTB) in preparation for the listing of Guaranty Trust Holding Company Plc (GTCO) was lifted yesterday, post four trading days. Source Chapel Hill Denham Research Read More 


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StanChart launches an Investment Solution for Priority Clients - Standard Chartered Bank (Nigeria) has launched a sophisticated Wealth offering that gives clients access to additional liquidity to meet their investment needs within the Bank. Source StanChart Read More

Sustainable Conversations Webinar: Impact Investments in Africa: Solution, Palliative, Or Poison? - Sustainable Conversations, a Thought Leadership series facilitated by ThistlePraxis Consulting (TPC) Limited, is scheduled to hold on Wednesday, July 28, 2021 from 11am with the theme "Impact Investments in Africa: Solution, Palliative, or Poison?". Source ThistlePraxis Consulting Read More

Oyo State Allocates Landed Property to CIBN for The Building of Branch Secretariat - The Governor Oyo State, Engr Seyi Makinde has promised to allocate  landed property for the construction of The Chartered Institute of Bankers of Nigeria (CIBN) Oyo State Branch Secretariat and Tuition Centre where indigenes of the state desirous of attaining professional banking qualifications and its attendant skills, can study and be tutored for the CIBN's professional banking examinations. Source CIBN Read More 

World Bank, CBN Fully Funding Six Million Meters - FG - The World Bank and the Central Bank of Nigeria are fully providing funds for the estimated six million electricity meters required to close the metering gap in the Nigerian power sector, the Federal Government has said. Source Punch Read More

FG Urged to Address Challenges in Autogas Policy - Players in the nation's energy sector have said advised the federal government to address inherent challenges as it relies on intervention by the Central Bank of Nigeria to implement the National Gas Expansion Programme and National Autogas Roll-out Initiative. Source THISDAYLIVE Read More

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How Can Fintechs Serve as Growth Catalysts? - An analysis of reports from similar emerging markets indicates that FinTech can drive economic development by boosting productivity, creating economic opportunities, improving access to financial services, driving financial inclusion and reducing income inequality. Source FDC Limited Read More

Visa Highlights Key Innovation Capabilities That Will Drive Financial Inclusion in SSA - Visa (NYSE: V), the world leader in digital payments, showcased key innovation capabilities that will accelerate financial inclusion in Sub-Saharan Africa. Hosting industry stakeholders at an event focused on innovation, the company highlighted co-creation as an essential component in developing market-ready payment solutions to accelerate access to financial services. Source VISA Read More

Insights from Happenings in the Fintech Landscape - 250621 - A bill to make Bitcoin a legal tender has been approved in El-Salvador, with a committee set up already to implement the legislation. Seeing that the country does not have its own native currency, it intends to use Bitcoin as a supplementary currency to the US Dollar that has been its fiat for the longest time. Source FintechNGR Read More

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Connected Africa 2021 Summit to Discuss Monetisation in the Digital Economy - Africa's Leading Telecom and Digitization Summit "Connected Africa" will host its 2021 edition on the 28th of July, 2021 through a virtual format discussing the theme "Monetisation in the Digital Economy". Source ICSA Read More

Tanzania's Central Bank Working on President Hassan's Cryptocurrency Directive - "In the financial sector, we have witnessed the emergence of blockchain technology or cryptocurrency," Hassan said during the opening of a new central bank branch in the northern town of Mwanza this month. Source Business Insider Read More

NASRDA Says Nigeria Sat-2 Obsolete, Seeks Additional Funding - The Director General of the National Space Research and Development Agency, Dr Halilu Shaba, has said the country's earth observation satellite, Nigeria Sat-2 has become obsolete. Source Punch Read More


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6 Things to Know About Buying 10-Year Life Insurance - A 10-year term life insurance policy can be a wonderful choice for many people. Those who need to satisfy a mortgage, finance their dependent's college education, and even those planning for retirement can make 10-year term life insurance work for them. It is a tool they use for financial stability and fiscal health. Source Sponsored post by Clayton Richard Read More

Innovation Hubs, Key to Attracting Islamic Venture Capital Investments in Nigeria - The establishment of innovation hubs that are tailored to developing Sharia-Compliant Start-ups will attract Islamic Venture Capital (VC) firms into Nigeria. Source Bukola Akinyele- Yisau for WebTV Read More

Celebrating MSME Day, Insurance Dares - Quite easily, insurance companies and practitioners as well as analysts discuss the next big thing for the industry as microinsurance, retail insurance, inclusive insurance, personal lines, Takaful and most recently, Insurtech and digital insurance. Source OpEd By Ekerete Ola Gam-Ikon Read More

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2021 World MSME Day: Experts, Entrepreneurs Chart The Way Forward For MSME Development - As the world marks the 2021 edition of the "MSME Day" with the theme "MSMEs: Key to an inclusive and sustainable recovery" experts and entrepreneurs provided their perspective on the way forward for enterprise development in Nigeria. Source WebTV Read More

"Why We Are Intensifying Support to Small Businesses" - FCMB - First City Monument Bank has explained that its increased and consistent support to Small and Medium Scale Enterprises (SMEs) is aimed at further empowering them to take the lead in the growth and development of Nigeria's economy. Source FCMB Read More

SMEDAN Seeks OPS, Public Sector Support for 41.5m MSMEs - The Small and Medium Enterprises Development Agency SMEDAN has called on private and public sector to partner the government in supporting the 41.5million Micro Small and Medium Enterprises in the country. Source The Nation Read More

Leapworld to host Webinar in celebration of the United Nations MSME Day 2021 - Leapworld will on June 30, 2021, celebrate the 2021 United Nations MSME Day with small business owners as well as key experts and policy makers in the industry, as they speak on the theme "MSMEs: Key to an Inclusive and Sustainable Recovery". Source Leapworld Read More

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