Nigeria in 1min: Economic, Business and Financial Headlines - 081021


Friday, October 08, 2021 / 5:55 AM / By News Aggregator / Header Image Credit: Facebook; Aso Rock Villa


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 COVID-19 Health Updates

  • 7th of September 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 207,210 cases (New: 290)
  • Discharged: 194,796
  • Deaths: 2,742 (New: 11)

Source: NCDC Read More


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Budget 2022: Budget of Economic Growth and Sustainability - The 2022 Budget will be the last full year budget to be implemented by this administration. We designed it to build on the achievements of previous budgets and to deliver on our goals and aspirations as will be reflected in our soon-to-be launched National Development Plan of 2021 to 2025. Source State House Read More

Landmark Report Highlights Untapped Potential of Africa's Film Industry - Africa's film and audiovisual industries could create over 20 million jobs and contribute $20 billion to the continent's combined Gross Domestic Product (GDP), the UN cultural agency, UNESCO, said on Tuesday in a new report highlighting this untapped potential. Source UN News Read More

Sell Refineries, Moribund Assets, Reduce Deficit, Economists, NASS tell Buhari - Experts on Thursday advised the Federal Government to consider selling refineries and other assets being used to siphon public resources in order to realise resources required to sell finance part its budget deficit of N6.3tn. Source Punch Read More

PIA'll Boost Nigeria's Oil Production by 317% to 4m bpd - FG - The Federal Government has said that the implementation of the newly enacted Petroleum Industry Act (PIA) will boost the oil production capacity of Nigeria by about 317 percent to four million barrels per day (bpd) from the current level of 1.2 million bpd. Source Vanguard Read More

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Investors Gain N33.33bn as NSEASI Inches Up by 0.16%, Maintains Positive Posture - Equities market closed today on a positive note, as NSEASI appreciated by +0.16% to close at 40,829.15 basis points as against +0.12% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +1.39%. Source Proshare Markets Read More

NGX Group Confirms Intention to List on NGX - Shares of NGX Group are expected to commence trading on NGX following their Listing by Introduction. All regulatory requirements have been fulfilled and the Listing has received the approval of NGX Regulation Limited. Source NGX Read More 


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Embracing the Culture of Digital Revolution in Everyday Work - The ability to create a remote work culture and Flexi-work arrangements, handle employee relations and daily business demands with the required agility and efficiency across geographic locations now place a heavy responsibility on HR Leaders in a post COVID world than ever before. Source Mayowa Oloyede, Senior Consultant, Phillips Consulting Read More

Enterprise NGR Announces Ms. Obi Ibekwe as New CEO - EnterpriseNGR, Nigeria's newly-established professional policy and advocacy group representing members of the Financial and Professional Services (FPS) sector, announced the appointment of Ms. Obi Ibekwe as its founding Chief Executive Officer. Release by EnterpriseNGR Read More

Shift from Fossil Fuels Threatening Nigeria, Others - World Bank - The World Bank has said that the wealth value of Nigeria and some countries with abundant nonrenewable energy or recent oil and gas discoveries will be at risk due to a shift from oil, gas and coal. Source Punch Read More

700MW Zungeru Plant Ready for Investors' Takeover - FG - The Federal Government on Thursday announced that some power generation and transmission projects had been completed and were ready for takeover by investors. It named the 700 megawatts Zungeru Power Plant and the 10MW Katsina Windfarm project as some of the facilities that were ready for takeover. Source Punch Read More

BPE, SAHCO Bicker over Payment Modalities for N1.8bn Benefits - Many ex-workers of the Skyway Aviation Handling Company (SAHCO) are dying, as there is no hope in sight on who pays the severance benefits of the workers. Source THISDAYLIVE Read More

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NCC's Proposed Age Limit for SIM Registration - In a press statement today, the Nigerian Communication Commission (NCC) clarified its position stating that the commission has not disqualified Nigerians below 18 from getting SIM cards. Source CSL Research Read More

Facebook Unveils Plans to Connect the Next 1bn People Online - Facebook has announced new connectivity technologies that will bring the next billion people online and enhance existing infrastructure projects. Since 2013, Facebook Connectivity has helped bring more than 500m people online to faster internet. It now aims to enable affordable, high-quality connectivity for the next billion people with emerging technologies. Source Facebook Read More

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Overcoming Challenging Investment Realities in Uncertain Times - A myriad of challenges has continued to plague countries across the globe owing to the current post-pandemic realities putting a strain on most global economies. Associated with these is the fear of uncertainty as policymakers seek avenues to effect change amid the challenging operating environment. Source StanbicIBTC Read More 

NAICOM Worries About Uninsured Public Buildings Under construction - The National Insurance Commission (NAICOM) has expressed displeasure that most of the public buildings under construction in the country are under-insured when compared to other climes. Source Guardian NG Read More

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