Nigeria in 1min: Economic, Business and Financial Headlines - 071221


Tuesday, December 07, 2021 / 6:00 AM / By News Aggregator / Header Image Credit: Ngozi Okonjo-Iweala


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 COVID-19 Health Updates

  • 6th of December 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 214,789 cases (New: 167)
  • Discharged: 207,478
  • Deaths: 2,980 (New: 0)

Source: NCDC Read More


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Nigeria Air: Bringing Nigeria Closer to the World, but is it Time? - At the last Federal Executive Council (FEC) meeting, the Minister of Aviation, Hadi Sirika, among other things, announced that the country's delayed national air carrier, Nigeria Air, is planned to launch on or before April 2022. Source CSL Research Read More 

Rising Food Prices Fuelling Inflation in Nigeria, Others - IMF - The International Monetary Fund says rising food prices is the major factor fuelling inflation in Nigeria and other Sub-Saharan African countries. Source Punch Read More

Oil Companies Earn $174 Billion Profits in Nine Months - International Oil Companies in the first nine months of this year, earned about $174 billion despite the volatility in the sector and the impact of the Covid-19 pandemic. Source Guardian Nigeria Read More

JP Morgan Forecasts $125 Oil Price in 2022, $150/bbl in 2023 - Oil prices are expected to overshoot $125 a barrel next year and $150 in 2023 due to capacity-led shortfalls in the Organisation of Petroleum Exporting Countries (OPEC) production, JP Morgan Global Equity Research has said. Source THISDAYLIVE Read More

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MTN Nigeria's 9M 2021 Result: Rising Revenue on the Back of Growing Leverage - MTN Nigeria's 9months 2021 unaudited results reflect resilience, as revenue and earnings rebound, majorly on the back of increased total debt stock. The gearing ratio shows that the bulk of the capital structure of the Telco is made up of debt. Source Jariyat Bakare, Proshare Research Intern Read More

Shrimp Farming, Nigeria's Seafood Problem - Fish is a great source of protein but, contrary to popular belief, Nigeria does not have a competitive advantage. The country's long marine shoreline in its southern borders is not an oasis of fish but a festival of crustacean aqua life. Source Eniola Eniafe, Proshare Research Read More


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Ebenezer Onyeagwu Emerges CEO of the Year as Zenith Bank Wins Most Responsible Organization - Zenith Bank's Group Managing Director/CEO, Mr. Ebenezer Onyeagwu, has emerged CEO of the Year for a second consecutive year at the Sustainability, Enterprise and Responsibility (SERAS) CSR Africa Awards held at the weekend in Lagos. Source Zenith Bank Read More

The Gains of Standardizing Investment Information in Alignment with Best Practices - I was a little torn between a couple of my musings this morning as I noticed I have not made a post on investments in a while. But the overwhelming urge to do investment, from a quick succession of certain market experiences of late, won the battle eventually. Source Akin Adeniyi, CIPM Read More

Ecobank Group names Mobolaji Lawal as Regional Executive and Managing Director Designate - Ecobank Group, the leading pan-African banking group, announces that Jubril Mobolaji Lawal has been appointed as Regional Executive and Managing Director designate of Ecobank Nigeria, subject to the approval of the Central Bank of Nigeria. Ecobank Group Read More

NBCC Inaugurates Bisi Adeyemi as her 17th President launches a Software Programming Academy - The Nigerian-British Chamber of Commerce (NBCC) on Friday, December 03, 2021, hosted the inaugural dinner to formally celebrate its 17th President, Mrs Bisi Adeyemi. The dinner had in attendance members of the chamber, special guests, and dignitaries, who came to celebrate and share their goodwill messages with the newly appointed President. Source Josephine Eriyo for WebTV Read More

Nembe Communities Protest Continuous Oil Spill, 31 Days after Blowout - Indigenes of Opu-Nembe and surrounding communities have protested the inability of the Aiteo Eastern Exploration and Production Limited or the government to stop the oil spillage currently devastating their communities following the blow out from the OML 29 Well Head 1, which was operated by the indigenous oil company. The oil spillage has lasted for 31days. Source THISDAYLIVE Read More

NPA: ALL Port Operations to go Digital by 2025 - Mohammed Bello-Koko, acting managing director of the Nigerian Ports Authority (NPA), says deliberate measures and investments are being taken to create a fully digital ecosystem in all the country's port locations by 2025. Source TheCable Read More

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Brain Drain and its Effect on the Health Sector - The healthcare industry registered a 4.65% increase in the second quarter of the year11; however, this should not be used to define the sector's performance as the level of brain drain in the sector continues to rise. Source FDC Ltd Read More

Highlights of Pencom's Operational Framework for the Non-Interest Fund - The National Pension Commission (PENCOM) recently introduced a new category of fund which complies with sharia principles of investment. The Non-Interest Fund (Fund VI) permits pension contributors and retirees to choose the preferred investment portfolio they would want their pension contributions remitted to. Source Rebecca Ebokpo Read More 

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