Nigeria in 1min: Economic, Business and Financial Headlines - 020421

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Friday, April 2, 2021 / 6:00 AM / By News Aggregator / Header Image Credit: Ecographics


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COVID-19 Health Updates 

  • 1st of April 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 162,997 cases (New: 106)
  • Discharged:  151,708
  • Deaths: : 2058 (New: 1)

Source: NCDC Read More

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PROSHARE ECONOMY

LIRS Extends the Deadline for Filing 2020 Individual Income Tax Returns (Form A) by Two Weeks - The Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) informing all taxable individuals resident in Lagos State of a two-week extension of the deadline for filing the 2020 individual income tax returns from 31 March 2021 to 14 April 2021. Source Deloitte Read More

Fitch Rates Seplat's New Notes Final 'B-' - Fitch Ratings has assigned Seplat Petroleum Development Company Plc's (Seplat; B-/Positive) new 7.75% USD650 million senior notes due in 2026 a final senior unsecured rating of 'B-'. The Recovery Rating is 'RR4'. Source Fitch Ratings Read More

W'Bank Revises Nigeria, Others' Growth Forecast to 3.4% - The World Bank has revised its growth forecast for Sub-Saharan Africa (SSA) from -5.1 per cent to 3.4 per cent growth for 2021. The Washington-based institution, in its latest Africa's Pulse, titled: 'The Future of Work in Africa: Emerging Trends in Digital Technology Adoption,' anticipated that the continent would grow between 2.3 per cent and 3.4 per cent in 2021, after a two per cent contraction last year. Source THISDAYLIVE Read More


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Investors Lose N196.93bn WoW as NSEASI Dips by -0.96% to Close the Week Negative - Equities market closed today on a negative note, as NSEASI depreciated by -0.33% to close at 38,916.74 basis points as against -0.57% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -3.36%. Source Proshare Markets Read More

SEC Approves Appointment of CEOs of Demutualised Entities of The NSE - The National Council of the Nigerian Stock Exchange is pleased to announce that the appointments of the following Chief Executives to head its non-operating Holding Company and operating subsidiaries have been approved by the Securities Exchange Commission, Nigeria. Source NSE Read More

 

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Alhaji Tijjani Borodo Launches Book "A Journey in Leadership" Dedicates it to Hardwork - The Author of the book "Journey in Leadership" Alhaji Tijjani Borodo has dedicated it to years of hard work, integrity, and faith in God. At a hybrid event (Virtual and Physical following COVID-19 protocols) which brought together family members, friends, and associates, Borodo also used the occasion to eulogize his late father. Source Ottoabasi Abasiekong for WebTV Read More

Power Distributors Blame Allocation Shortage as Blackout Worsens - Two of the nation's power distribution companies, Ikeja Electric and Eko Electricity Distribution Company, have attributed the drop in power supply in Lagos to a shortage in the allocation received from the national grid. Source Punch Read More

BPE Boss Seeks Increased PPP in Maritime Sector - The federal government has called for more private sector partnership to attract the needed investment to drive the maritime sector and boost the economy. Director-General, Bureau of Public Enterprise (BPE), Mr. Alex Okoh, stated this during a webinar session monitored in Lagos. Source THISDAYLIVE Read More


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FITC to host Digital Marketing Summit on Accelerating Sales in Uncertain Times on April 14, 2021 - Most organizations are still faced with a myriad of uncertainties due to the economic toll COVID-19 had on their businesses and the world. These uncertainties include navigating a reality where their products & services may no longer have the same standing as they did prior to the outbreak. Source FITC Read More

Nigerian Fintech Ecosystem Responds to Crypto Transaction Ban by the CBN - The Fintech Association of Nigeria ('FintechNGR) has been invited by the Nigerian Senate to deliver a presentation on behalf of the Nigerian Fintech and innovation ecosystem on the issues pertaining to the Circular. Source FintechNGR Read More

E-Commerce in Africa Receives Boost as Centric Gateway's SeerBit Partners Wix - SeerBit noted recently that it was pleased to announce its partnership with Wix, a leading global SaaS platform to create, manage and grow an online presence, to empower and scale eCommerce businesses in Africa. Source SeerBit and Wix Read More

NIN-SIM Integration: Is the NCC Taming a Giant? - Recently, the Nigerian Communications Commission updated its statistical dashboard showing that number of mobile subscribers have continued to decline since December 2020. In the recent update, the number of subscribers fell 4.13m from 200.21m in January to 196.08m in February 2021 Source CSL Research Read More

FG, Telcos to Meet Over Court Ruling on SIM Blocking Deadline - The Federal Government will be meeting with telecommunications operators and other key stakeholders in the sector over the recent court judgement halting the government from disconnecting SIM cards not linked to National Identity Numbers by April 6. Source Punch Read More

FG has Repatriated 90% Data Hosted Abroad - NITDA - The Director General of National Information Technology Development Agency, Kashifu Abdullahi, has said over 90 per cent of Federal Government's data hosted externally have now been repatriated to Nigeria. Source Punch Read More


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PROSHARE FINANCE

Northcourt Hosts Annual Real Estate Research Competition - To contribute to the growth of professionalism in the Nigeria real estate market, Northcourt Limited will be holding an annual research competition. This is a transition from the Estate Management Students' Association (EMSA) debate and essay competition that it has held at the University of Lagos, Akoka - Yaba, Lagos since 2015. Source Northcourt Read More

 

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PROSHARE MSME

NEXIM launches N10b Women & Youth Export fund - The Nigerian Export-Import Bank (NEXIM) has moved to support women and youth exporters with a seed fund of N10 billion under a new programme coined Women and Youth Export Facility (WAYEF). Source Vanguard Read More

 

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