Nigeria in 1min: Economic, Business and Financial Headlines - 090721

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Friday, July 9, 2021 / 6:00 AM / By News Aggregator / Header Image Credit: Facebook; HQ Nigerian Army


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COVID-19 Health Updates

  • 8th of July 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 168,256 cases (New: 146)
  • Discharged: 164,415
  • Deaths: : 2,122 (New: 0)

Source: NCDC Read More

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PROSHARE ECONOMY

TMS Will Resolve the Perennial Traffic Gridlock in Lagos - The use of the Traffic Management Solution (TMS) device would help in resolving the traffic problems in Lagos state by eliminating human discretion and curbing the excesses of traffic law violators. Source By Ottoabasi Abasiekong for WebTV Read More

How to Vote on FirstBank-Sponsored the Voice Nigeria Season 3 - UN1TY Limited and Livespot360, producers of The Voice Nigeria Season 3 have explained how to vote on the voice Nigeria season 3, sponsored by First Bank, Baba Ijebu and Airtel. Source By FirstBank Nigeria Read More

MTN Nigeria's AAA Status by GCR Rating: What Does it Mean? - Nigeria's largest mobile network operator, MTN Nigeria, has announced that the Global Credit Ratings (GCR), a rating agency, has upgraded her national scale long-term issuer ratings to AAA. Source By Kalu Aja Read More

The Petroleum Industry Bill (PIB): Top 20 Changes You Should Know - The PIB seeks to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of Host Communities. It contains 5 Chapters, 319 Sections and, 8 Schedules. Source By PwC Nigeria Read More

Nigeria's Oil Output Hits Five-Month Low at 1.48 million bpd - While the combined oil output from the Organisation of the Petroleum Exporting Countries and its allies rose in June, Nigeria posted the heaviest drop in crude oil production as the country faced significant operational issues. Source Punch Read More

Opposition Kicks as Reps Approve N2.3tn Fresh Loan for Buhari - Members of the minority caucus in the House of Representatives, on Thursday, declined to participate in the consideration and adoption of the report by the Committee on Aids, Loans and Debt Management chaired by Ahmed Safana. Source Punch Read More

House Concurs with Senate, Approves $6.183bn External Loan Request - The House of Representatives has approved the federal government's request for $6.183 billion (N2.343 trillion) as external borrowing in 2021 Appropriation Act. Source THISDAYLIVE Read More


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PROSHARE MARKETS 

NGX Group Engages Analysts Ahead of Planned Listing - Nigerian Exchange Group (NGX Group) Plc continues to hold exciting prospects for investors in the near term. Ahead of its planned listing by introduction on Nigerian Exchange Limited... Source by NGX Read More

Investors Lose N26.68bn as NSEASI Dips by -0.08%, Halts Positive Posture - Equities market closed today on a negative note, as NSEASI depreciated by -0.08% to close at 38,469.87 basis points as against +0.22% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -4.47%. Source By Proshare MARKETS Read More

 

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PROSHARE BUSINESS

Fidelity Bank Plc Promotes Staff Inclusion Through Think and Pitch Initiative - All hands are on deck on Fidelity Bank's digital transformation journey as the Bank concluded the second edition of its Think and Pitch initiative last weekend. Source By Fidelity Bank Plc Read More

Force Majure Clauses - Can Currency Devaluation Act as a Trigger? - Contracts are executed with the expectation that certain conditions will continue to exist to facilitate the smooth performance of the contracts. In most cases, the anticipated conditions subsist till the conclusion of the contract. Source By Adulmajeed Abolaji of AELEX Read More

Senate Okays Chartered IoD - The Senate has also passed the Chartered Institute of Directors Bill, 2021. This followed the consideration of a report by the Committee on Establishment and Public Service during plenary. Source The Nation Read More

Ghana Seeks Review of Nigeria's Import Prohibition List - Speaker of the Ghanaian Parliament, Rt. Hon. Alban Suman Bagbin has asked Nigeria to consider review of the prohibition list banning the importation of specific goods and commodities into the Nigerian market from countries, including Ghana. Source The Nation Read More

How NNPC, Partners Attracted $32bn Investment in Two Years - The Nigerian National Petroleum Corporation (NNPC), some multinationals and local partners have in the last two years attracted about $32 billion investment into the Nigerian oil and gas sector. Source The Guardian Nigeria Read More


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PROSHARE TECHNOLOGY 

Telecommunications Sector Update: Resilience through a COVID-led Recession - In the Telecommunication Sector report 2020 ("A Transformative Past, Resilient Future"), we opined that the sector would remain resilient as the digital economy would boom during the lockdown. Source By Afrinvest Research Read More

Twitter Begins Hiring to Comply with India's New Rules - Twitter Inc's India unit has appointed an interim chief compliance officer and will soon designate other executives to meet the country's new IT rules, the social media giant said in court on Thursday, amid tensions with the government. Source by Sankalp Phartiyal of Reuters Read More

Innovation, Partnership and Co-Creation Key to Driving Digital Payment Growth in Sub-Saharan Africa - The last decade has seen enormous growth in digital technology, including payments. Innovation and technological advances are bringing exciting opportunities for financial inclusion to the fore. Source By Aida Diarra, Senior Vice President & Head of Sub-Saharan Africa, Visa Read More

FintechNGR Partners with Singapore FinTech Festival ahead of the World FinTech Festival - Fintech Association of Nigeria (FintechNGR) is pleased to announce its partnership with the Singapore FinTech Festival, SFF, for the upcoming annual World FinTech Festival to hold during the week of 8-12 November 2021. Source By FintechNGR Read More

Nigeria Fintech Week (NFW) announces 2021 Theme: "Sustainability and Ecosystem Building" - The Fintech Association of Nigeria has announced that its major flagship annual international conference, Nigeria Fintech Week, would be holding from October 25 - 29, 2021 with the theme: "Sustainability and Ecosystem Building". Source By FintechNGR Read More

Highlights from the 2nd Edition of FintechNGR's Intercontinental Webinar - It was indeed a huge learning moment at the just concluded #FintechNGRIntercontinentalWebinar, one of the major flagship events and knowledge session organized by the Fintech Association of Nigeria, held on the 29th of June 2021. Source By FintechNGR Read More

Experts Call for Review of Cybercrime Law to Curb Fraud - Worried about the rise in cybercrime in Nigeria and across the globe, cyber-security experts have called on the federal government to review the country's 2015 Cybercrime Law, in order to effectively address new trends in cybercrime. Source THISDAYLIVE Read More


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PROSHARE FINANCE

Tangerine Officially Launches in Nigeria, Targets at least 8 African Countries by 2024 - Leading financial services and technology platform, Tangerine officially launched with its financial service product offerings at a press conference held on Wednesday 7th July 2021. Source Sponsored Post by Tangerine Nigeria Read More

Proshare to Host Personal Finance Webinar on Wills and Trust on July 14th, 2021 - Following the release of the 4th Edition of the Proshare Personal Finance Report Series titled "Planning for the After Life: Focus on Wills & Trust, Proshare - Nigeria's foremost financial information hub will on Wednesday, July 14, 2021 host the Personal Finance Webinar focused on discussing Estate Planning, Wills & Trust and all that individuals need to know to plan ahead for the afterlife. Source By Proshare Finance Read More 

 

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PROSHARE MSME 

5 Amazing Tips Every Small Business Owner Must Follow - Running a business is not easy if you do not know what you must do and what you should not. Focusing on the right things and ignoring what you do not need is important. Source Sponsored Post by Mason Hamilton Read More

FirstBank Holds SMEConnect Webinar, Enlightens Entrepreneurs on Accessing Finance for their Business - Nigeria's premier and leading financial inclusion services provider, First Bank of Nigeria Limited will hold its SMEConnect Webinar by 11am on Thursday, 8th July 2021 with "The ABCs of Accessing Finance for your Business" being the topic to be discussed at the event. Source By FirstBank Nigeria Read More

Nigeria: AfDB Bolsters Women-empowered Businesses with $50m Loan to FCMB - The Board of Directors of the African Development Bank has approved a loan of $50 million to Nigeria's First City Monument Bank (FCMB) to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors. Source By AfDB Read More


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