Nigeria in 1min: Economic, Business and Financial Headlines - 021220


Wednesday, December 2, 2020 / 6:00 AM / By News Aggregator / Header Image Credit: Twitter; @dabiodunMFR

Proshare Nigeria Pvt. Ltd.

COVID-19 Health Updates

  • 1st of December 2020: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 67,838 cases (New: 281)
  • Discharged:  63,430
  • Deaths: : 1,176 (New: 3)

Source: NCDC Read More

Proshare Nigeria Pvt. Ltd.


Click Here to Read Latest News Updates

Proshare Nigeria Pvt. Ltd.



Inside Nigeria's Killing Fields - On Saturday, November 28, about 43 farmers who had gone to their farms during the current harvest season were attacked by Boko Haram terrorists. They were tied up; their hands behind their backs, one after the other their throats were slit. The United Nations puts the number of casualties at 110, not 43. Source Dr. Reuben Abati Read More

LASG Reviews 2021 Budget; Builds on the T.H.E.M.E Agenda - As the Lagos State Government (LASG) prepares for the 2021 fiscal year, members of the state executive council recently had a web-based virtual conference to explain the structure of the budget and its design around the states T.H.E.M.E.S agenda, crafted as a policy-focused acronym by the Babajide Sanwo-Olu-led administration. Source WebTV Read More

Oil Prices Drop On OPECplus Uncertainty - OIR 011220 - Oil prices dipped on Tuesday as the OPEC+ meeting ran into some unexpected turbulence, with the three most influential members failing to agree on how best to proceed with production in 2021. Source Tom Kool of Oilprice Read More 


Click Here to Read More News on Economy


Proshare Nigeria Pvt. Ltd.



Investors Gain N55.17bn as NSEASI Inches Up by 0.30% Amid Negative Market Breadth - Equities market closed today on a positive note, as NSEASI appreciated by +0.30% to close at 35,147.62 basis points as against +0.45% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +30.94%. Source Proshare Markets Read More

GTBank Q3 2020 Results Review: Restructuring into Holdco to Drive Growth - GTBank's (GTB) Q3'20 results were in-line. As such, the mid- single-digit PBT growth delivered by the bank underscores its intent to restructure into a holding company (Holdco), flexible enough to allow it pursue opportunities in other fast-growing segments of the financial services sector. Source FBNQuest Research Read More

CBN Looks to Improve Retail FX Liquidity in The Parallel Market Through a Series of Directives - Volumes traded in the I&E FX market dipped further for a second consecutive session, dropping by 65% to close at only $35million in value traded, and leaving the closing rate unchanged at N390.25/$. Source Zedcrest Capital Read More



Click Here to Read More News on Markets


Proshare Nigeria Pvt. Ltd. 



Nanono Orders Increased Production of Rice, Maize to Boost Food Security - The Minister of Agriculture and Rural Development, Alhaji Sano Nanono, has directed agricultural agencies to focus more on the production of rice and maize which he classified as political commodities. Source THISDAYLIVE Read More

Flared Gas Capable of Generating 28,700 GWH of Electricity - As the age-long battles over gas flaring in Nigeria's oil industry seem intractable, a total of $1 billion, about N379 billion, has been recorded as the cumulative value of gas lost to the recorded incidents in 10 months of this year. Source Vanguard Read More

OPEC Delays Talks with Allies Until Thursday - The members of the OPEC oil producers cartel decided Tuesday to delay by two days talks with their allies over a possible extension to output cuts to support the pandemic-stricken market. Source The Guardian Read More

Asian Shares Edge Lower But Stimulus, Vaccine Hopes Provide Support - Asian shares shed early gains from a strong Wall Street lead on Wednesday, as some investors booked profits on a stellar run to record highs, but hope for additional U.S. economic stimulus and a coronavirus vaccine kept market sentiment well supported. Source Reuters Read More


Click Here To Read More News on Business


Proshare Nigeria Pvt. Ltd.



PCI DSS - Why it Matters to Payment Schemes and Fintechs - In this age of the Internet of Things, paying for goods and services is frequently done with the use of payment cards. Whether you are swiping, inserting or placing your card on a scanner, payment cards have transformed the way we transact business. Source Oluwapelumi C. Omoniyi of AELEX  Read More

Ecobank, Vanguard Announce New Date for Digital Financial Inclusion Summit - Ecobank Nigeria in partnership with Vanguard Economic Forum Series has announced that the earlier postponed event on Digital Financial Inclusion will now hold December 8th 2020 at 11 am - 1 pm on ZOOM Live broadcast. Source Ecobank Read More


Click Here to Read More News on Technology

Proshare Nigeria Pvt. Ltd. 



NAICOM Permits Microinsurance Window Operations for Conventional Insurance Companies in Nigeria - As part of the ongoing pursuit to support Financial Inclusion and increase Insurance penetration in Nigeria, the Commission hereby permits Microinsurance window operations for Conventional Insurance Companies. Source NAICOM Read More


Click Here to Read More News on Finance


 Proshare Nigeria Pvt. Ltd.



Proshare Nigeria Pvt. Ltd. Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd. Proshare Nigeria Pvt. Ltd.

Related News

1.         What To Expect From The Markets This Week- 301120

2.        Nigeria in 1min: Economic, Business and Financial Headlines - 301120

3.        Nigeria in 1min: Economic, Business and Financial Headlines - 011220

Related News