Nigeria in 1min: Economic, Business and Financial Headlines - 091020

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Friday, October 9, 2020 / 6:00 AM / By News Aggregator / Header Image Credit: Twitter, @NigeriaGov

 

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COVID-19 Health Updates

  • 8th of October 2020: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 59,841 cases (New: 103)
  • Discharged:  51,551
  • Deaths: : 1,113 (New: 0)

Source: NCDC Read More


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PROSHARE ECONOMY 

Thrive Agric Founders Issue Statement to Customers Over Delay in Payouts - By now, you may be aware that payouts for some farm subscriptions are delayed.  This is an unfortunate outcome of the COVID-19 pandemic and its consequent restrictions on physical access to farms and farming markets. Source Press Release By Thrive Agric Read More 

Buhari Presents Nigeria's N13 trillion 2021 Budget to Lawmakers - 2021 Budget Speech: Budget of Economic Recovery and Resilience Delivered By: His Excellency, President Muhammadu Buhari President, Federal Republic Of Nigeria At The Joint Session Of The National Assembly, Abuja Thursday, 8th October 2020. Source Presidency Read More

NNPC to End Oil-for-Fuel Swap System - Speaking at a virtual conference at the African Refiners & Distributors Association annual conference, NNPC Group Managing Director, Mele Kyari noted a plan to end the country's oil-for-fuel swap system which has saved the country c.US$1bn a year, as soon as local refining capacity improves by 2023.  Source CSL Research Read More

NESG v CBN: Next Steps - The State of the Nation Execution Imperatives - After battles, the troops are called in and the generals sit at the negotiating table with politicians to determine the terms of the truce. The outrage of war if not forgotten is pushed behind and the realities of the continuation of life become pressing, what follows is a commitment to new steps at restoring and sustaining peace. Source Proshare Research Read More

  

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PROSHARE MARKETS 

Investors Lose N46.06bn as NSEASI Dips Further by -0.31% Amid Positive Market Breadth - Equities market closed today on a negative note, as NSEASI depreciated by -0.31% to close at 28,546.22 basis points as against -0.95% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +6.35%. Source Proshare Markets Read More

 

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PROSHARE BUSINESS

PENGASSAN Threatens Oil, Gas Operations Over Salary Seizure - Protesting oil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria have renewed their threat to disrupt oil and gas operations across the country over alleged Federal Government's posture to enforce the IPPIS policy on them. Source Punch Read More

Autogas: Conversion of Cars'll Be Affordable - FG - The Federal Government, Thursday, disclosed that it is working to make the cost for conversion of cars to run on autogas, affordable to all Nigerians. Source Vanguard Read More

Okonjo-Iweala in Final Two for WTO Race - Former Minister of Finance Ngozi Okonjo-Iweala has advanced to the final stage for Director General race of the World Trade Organisation (WTO). She made the last cut with South Korea's Yoo Myung-hee, according to Bloomberg. The implication is the 25-year-old body will have its first female Director-General. Source The Nation News Read More

Senate Denies Dumping PIB, for Debate Oct 20 - The Senate yesterday denied ever dumping the Petroleum Industry Bill (PIB), saying it is committed to expeditious passage of the Bill and the N13.08 trillion 2021 budget estimates. Source LeadershipNG Read More

Asian Shares Close in On Two and Half-Year Peak as U.S. Stimulus Hopes Return - Asian shares inched close to 2-1/2-year highs on Friday as revived hopes for a U.S. stimulus deal eclipsed weaker-than-expected jobs data, while mainland Chinese markets jumped after a week-long holiday. Source Reuters Read More

 

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PROSHARE FINANCE 

Chime Jude To Speak on The Halal Market: Opportunities for the Nigerian Economy - Jude Chime is the Executive Director Trade of Abuja Chamber of Commerce and Industry Nigeria (ACCI).  He was the Head of News and Current Affairs at Biscon Communications, Jude was the Head, International Marketing BKG Exhibitions. Source WebTV Read More

 

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