Nigeria in 1min: Economic, Business and Financial Headlines - 020921

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Thursday, September 2, 2021 / 5:51 AM / By News Aggregator / Header Image Credit: Twitter; @FeedbackOYSG


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COVID-19 Health Updates

  • 1st of September 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 192,013 cases (New: 582)
  • Discharged: 179,000
  • Deaths: 2,480 (New: 11)

Source: NCDC Read More


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PROSHARE ECONOMY

Ethiopian Unveils Convenient Digital Options to Economy Travelers - Ethiopian Airlines Group, the largest aviation group in Africa, is pleased to announce that it has unveiled a new digital option dubbed My Sheba Space that enables economy class travelers to purchase one or more empty seats on board to get extra space and relax. Source Ethiopian Airlines Group Read More

Metering the Nigerian Households - Based on reports from the Nigerian Electricity Regulatory Commission (NERC), about six million registered customers remain unmetered and are still paying for electricity through estimated bills. Source CSL Research Read More

President Buhari Approves Cabinet Reshuffle as Sabo Nanono, Mamman Sale Exit - In a statement to cabinet members during the Federal Executive Council meeting on Wednesday 1st September, President Buhari announced that Mohammed Sabo Nanono, Minister of Agriculture and Rural Development, and Engr. Sale Mamman, Minister of Power were leaving the cabinet. Source State House Press Release Read More

External Reserves Gain $500m in One Week, Near $34bn - Nigeria's external reserves rose by $500m in one week to the highest point in more than two months, according to the latest data from the Central Bank of Nigeria. Source Punch Read More

Petrol Subsidy Gulps N541b in Six Months - The cost of subsidising the Premium Motor Spirit (PMS) hit N541billion between February and July, 2021. According to Nigerian National Petroleum Corporation (NNPC) presentation to the Federation Account Allocation Committee (FAAC) meeting in February, NNPC spent N25.37billion, March N60.39billion, April N61.97billion, May N126.33, June N164.33 and N103.28 in July. Source The Nation Read More

 

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Zenith Bank's H1 2021 Audited Results: Bottom-line Earnings Rises But Interest Margin Falls - Zenith Bank Plc's H1 2021 audited result showed marginal growth in profitability and a fall in earnings attributed to the lower yield environment as interest income dipped by -6.00%, despite the increase in interest-bearing assets. Source Adaeze Nwachukwu, Proshare Research Read More

Investors Lose N18.46bn as NSEASI Dips by -0.09%, Maintains Negative Market Sentiment - Equities market closed today on a negative note, as NSEASI depreciated by -0.09% to close at 39,184.18 basis points as against -0.27% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.70%. Source Proshare Markets Read More 

 

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PROSHARE BUSINESS

Transcorp Appoints Oliver Andrews as an Independent Non-Executive Director - The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria's largest listed conglomerate, has today announced the appointment of Oliver Andrews to the Board, as an Independent Non-Executive Director. Release by Transcorp Read More

Asoko and Center for International Private Enterprise Launch Ethics 1st - Asoko Insight and The Center for International Private Enterprise (CIPE) are proud to announce the launch of Ethics 1st, an innovative digital solution to meet the compliance needs of Africa's small and growing businesses and reduce the transparency barrier to trade and investment in Africa. Source Asoko Insights Read More 

NLNG Denies Alleged Complicit As Cooking Gas Price Hike Escalates - As the rise in price of Liquefied Natural Gas (LPG) commonly known as cooking gas continues to escalate and some fingers being pointed towards the Nigeria Liquefied Natural Gas (NLNG) Limited as part of the cause, the company has denied the allegation. Source THISDAYLIVE Read More

NCDC Boss, Chikwe Ihekweazu, Appointed Assistant DG of WHO - Nigeria's Dr. Chikwe Ihekweazu has been appointed Assistant Director-General of the World Health Organization (WHO) in charge of Health Emergency Intelligence with effect from November 1, 2021. Source Thisday Read More

NPA Unveils e-Document Records Centre to Improve Operations - The Nigerian Ports Authority (NPA) has commissioned an e-documents management and records solution centre at its corporate headquarters in Marina, Lagos, to improve seamless customer-based services and operations as well as data storage. Source The Guardian NG Read More


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PROSHARE TECHNOLOGY   

Telecoms Sector Attracts $3.9 Billion Foreign Investments in Five Years - Between 2015 and 2020, Nigeria's telecommunications sector attracted $3.9 billion foreign investments (portfolio and direct). The 2021 Telecommunications Industry report released by Agusto & Co, which revealed this, observed that this accounted for an average of seven percent of Nigeria's total capital importation during the same period. Source The Guardian NG Read More 

 

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PROSHARE FINANCE

American Hartford Gold Group Resource: Finding A Gold IRA Company and Its Benefits - Gold IRAs are gaining in popularity and you may have heard of this type of IRA or by its other name which is precious metals IRA. It is already one of the most known companies in the United States and other places that offer different types of transactions that include trading and safekeeping gold from their clients or customers. Sponsored Post Read More

7 Tips required to Prepare Your Child for Study Abroad - Parenting is a full-time job no one prepares you for. First off, you are putting someone's life, cares and burdens over yours consistently for the reward that takes the form of an indescribable love you feel when you look at your child. Source FBNQuest Read More

 

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PROSHARE MSME

4 Tips to Create a Successful Video Marketing Strategy for your Business - Video has been named one of the most essential developments in marketing, and it isn't going away anytime soon, according to experts. Video is no longer a fad in content marketing; it's now an essential aspect of many organizations' marketing strategies. Sponsored Post Read More 

Federal Govt Begins Last Phase of Survival Fund Scheme - The federal government has rolled out the last component of the Survival Fund programme known as the Guaranteed Off-take Scheme (GOS). Government said the purpose of the GOS is to stimulate direct local production by enabling 100,000 MSMEs in the production sector with funds to produce 'post-COVID lockdown' off-take products. Source LeadershipNG Read More


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