Nigeria in 1min: Economic, Business and Financial Headlines - 050321


Friday, March 5, 2021 / 6:00 AM / By News Aggregator / Header Image Credit: Ecographics

Proshare Nigeria Pvt. Ltd.

COVID-19 Health Updates 

  • 4th of March 2021: Nigeria COVID19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 157,671 cases (New: 709)
  • Discharged:  136,335
  • Deaths: : 1,951 (New: 12)

Source: NCDC Read More

Proshare Nigeria Pvt. Ltd.


Click Here to Read Latest News Updates

Proshare Nigeria Pvt. Ltd.



February 2021 Headline Inflation May Jump to 17.27% - We are estimating a sharper increase in headline inflation to 17.27% for February 2021 up from 16.47% in January. If this happens, it will be the 18th consecutive monthly increase in Nigeria's inflation rate. It will also be the highest level in 46-months. Source FDC Limited Read More

Central Bank of Nigeria: Resuscitating an Ailing Economy - Earlier in 2020, the CBN had given the initial forbearance following the complete stall in economic activities brought about by the need to community transmission following the emergence of the coronavirus pandemic is nipped in the bud. Source CSL Research Read More

CBN Extends Its Regulatory Forbearance for the Restructuring of OFIs Credit Facilities - The Central Bank of Nigeria reduced the interest rates on the CBN intervention facilities from 9% to 5% per annum for one-year effective March 1, 2020, as part of measures to mitigate the negative impact of COVID-19 Pandemic on the Nigerian economy. Source CBN Read More

Taxpayers to File the 2020 Individual Income Tax Returns by the Deadline of March 31st, 2021 - In accordance with Section 41 of the Personal Income Tax Act (PITA) (as amended), all taxable persons are required to file a return of claims and income from every source (earned and unearned income) for the year preceding the year of assessment, with the relevant tax authority (RTA). Source Deloitte Read More

The New Gas Reality - With COVID-19 presenting a great cover story to avoid facing the pre-existing issue of cleaner global energy production and greener use of the environment with lower levels of industrial waste and higher rates of recycling. Source Proshare Research Read More

FG Okays Abuja-Kano Road Reconstruction, Jacks up Cost by N642.2bn - The Federal Executive Council on Wednesday approved the complete reconstruction of the Abuja-Kaduna-Kano highway. With the approval, the government changed the scope of work on the highway from the ongoing renovation to complete reconstruction. Source Punch Read More

Click Here to Read More News on Economy


Proshare Nigeria Pvt. Ltd.



Investors Lose N82.35bn, NSEASI Dips by -0.40%, YTD Return Hits -2.25% Loss - Equities market closed today on a negative note, as NSEASI depreciated by -0.40% to close at 39,364.67 basis points as against -0.44% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.25%. Source Proshare Markets Read More

Seplat FY 2020 Report: A Resilient Performance in the Face of Pandemic and Low Oil Prices - Seplat Petroleum Development Company Plc's (SPDC's) FY2020 audited accounts reflected COVID-19-induced problems mirrored in the company's revenue dip which slid off the back of rising cost of sales. Overall, the company's 2020 fiscal performance was a shadow of the result posted in 2019. Source Proshare Research Read More

ALERT: 0.52% of UNIVINSURE's Outstanding Shares Traded on NSE Today - At the close of trading today, a total volume of 83.26mln units of shares of Universal Insurance Plc valued at N16.65mln were traded. This represents 16.88% of the total market volumes of 493.17mln while the value of UNIVINSURE shares traded represents 0.35% of the total market value traded which was put at N4.72bn. Source Proshare Research Read More

Nasdaq Ends Sharply Lower After Powell Comments - Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields. Source Reuters Read More

Click Here to Read More News on Markets


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



The Anonymous 360-Degree Whistleblower - Most whistleblowers find themselves on the firing line for turning the spotlight on unethical practices, especially when their identity is given away by the recipients of their reports. Source Deloitte Read More

ECOWomen Series 1: Recycling Sachet Water Nylons, Getting Ahead with Waste - Adejoke Lasisi, the founder of Planet3r, is a Nigerian Fashion Designer who makes fashion products with recycled water sachet, popularly known as pure water nylon and textile waste. Source WebTV Read More

1,029MW Stranded Due to Gas Shortage, Unpaid Invoices - Eight of the power plants on the national grid suffered gas constraints on Wednesday amid concerns by gas producers over unpaid invoices in the Nigerian electricity supply industry. A total of 1,029.80 megawatts of generation capacity was idle as of 6am on Wednesday as a result of gas constraints. Source Punch Read More

Global growth estimate of 4.8% will increase oil demand, market stability in 2021 - OPEC - The Organisation of Petroleum Exporting Countries, OPEC, has stressed that the estimated 4.8 per cent global growth will culminate in oil market stability this year. Source Vanguard Read More

Senate Delays Debate on Biden's $1.9 Trillion COVID-19 Bill While It Is Read Aloud - The U.S. Senate voted on Thursday to take up President Joe Biden's $1.9 trillion coronavirus aid bill but put off the start of a contentious debate until the full text of the 628-page bill is read aloud. Source Reuters Read More


Click Here To Read More News on Business


Proshare Nigeria Pvt. Ltd. 



The Role of Blockchain in the CBD Industry - Blockchain technology and the CBD industry are growing in popularity, attracting interest and attention from all sectors. The two share common interests, such as heavy advertising and restricted banking opportunities. Source Sharon Duncan Read More

Click Here to Read More News on Technology

Proshare Nigeria Pvt. Ltd. 



Ramlan Osman To Speak on Trends, Challenges and Opportunities in the Halal Industry - Mr. Ramlan Osman is a Visionary, forward thinking and cultural fit executive who builds and improves organizational effectiveness and communication through strong leadership and decision-making skills Goal oriented. Source WebTV Read More

#EndSARS: 25 Insurance Companies to Pay N20.4bn Claims - Twenty-five insurance companies have recorded claims totalling N20.4bn from losses that emanated from the #EndSARS protests which occurred in the country in October, findings have revealed. Source Punch Read More 


Click Here to Read More News on Finance

Proshare Nigeria Pvt. Ltd.


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

Related News

1.            What To Expect From The Markets This Week - 010321

2.           Nigeria in 1min: Economic, Business and Financial Headlines - 010321

3.           Nigeria in 1min: Economic, Business and Financial Headlines - 020321

4.           Nigeria in 1min: Economic, Business and Financial Headlines - 030321

5.           Nigeria in 1min: Economic, Business and Financial Headlines - 040321

Related News