Nigeria in 1min: Economic, Business and Financial Headlines - 130821


Friday, August 13, 2021 / 6:00 AM / By News Aggregator / Header Image Credit: Facebook; Securities and Exchange Commission Nigeria

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COVID-19 Health Updates

  • 12th of August 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 180,661 cases (New: 753)
  • Discharged: 166,560
  • Deaths: : 2,200 (New: 5)

Source: NCDC Read More

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DMO Reacts to Media Publication on the Listing of Nigeria, Nine Others as High-Debt Risk Nations - The attention of the Debt Management Office (DMO) has been drawn to the publication on Page 19 of The Punch Newspaper of Wednesday, August 11, 2021, captioned "World Bank lists Nigeria, nine others high-debt risk nations". Source by DMO Nigeria Read More

Analysing CBN's Guidelines for Licensing and Regulating Payment Service Holding Companies - On 3rd August 2021, the Central Bank of Nigeria (CBN) issued the Guidelines for Licensing and Regulation of Payments Service Holding Companies in Nigeria (the "Guidelines") which sets out the requirements for the operation of payment service holding companies in Nigeria. Source by Davidson Oturu and Frances Obiago of AELEX Read More

FEC Approves Federal Tolling Policy and Regulations, Cars to Pay N200 - One of the highlights of today's Federal Executive Council [FEC] Meeting [Wednesday, August 11, 2021] is the APPROVAL of a Federal Roads and Bridges Tolling Policy and Regulations. Source by Tolu Ogunlesi Read More

MAN, LCCI Warn as FG tolls Lagos-Ibadan, Abuja-Lokoja, Enugu-P'Harcourt Roads, Others - Some stakeholders including the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry on Thursday warned against the misuse of funds to be generated from tolls on selected federal roads. Source Punch Read More

FG, States, LGs Suffer N329.6bn Shortfall in Five Months - Between January and May, the Federation Account Allocation Committee shared the sum of N3.18tn to the three tiers of government. The Federation Account is currently being managed on a legal framework that allows funds to be shared under three major components. Source Punch Read More

Increase Extractive Sectors' Investments, Buhari Charges NEITI Board - The President, Major General Muhammadu Buhari (retd.), has charged the newly inaugurated board of the Nigeria Extractive Industries Transparency Initiative to work towards increasing investments in Nigeria's extractive sectors. Source Punch Read More 


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Investors Gain N21.67bn as NSEASI Inches Up by 0.11% Amid Negative Market Breadth - Equities market closed today on a positive note, as NSEASI appreciated by +0.11% to close at 39,490.06 basis points as against +0.69% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -1.94%. Source by Proshare MARKETS Read More

Unilever Nigeria's H1 2021 Result: Making Merry as Revenues Grow and Earnings Soar - Investors in Unilever can so far draw wide smiles as the company's result for H1 2021 show improvements in both the company's top line (revenue) and bottom line (profit) numbers. Source by AbdulQudus Isiaka, Proshare Research Read More 


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We Will Hand Over FX Fraudsters to Law Enforcers, Bankers Warn - The Bankers' Committee, yesterday, warned against abuse of the new foreign exchange (FX) sale, saying individuals who circumvent the process would be handed over to the law enforcement agents. Source The Guardian Nigeria Read More

Clearing Agents Protest Trapped Cargoes in Lagos Ports - Clearing agents operating at the nation's seaports have called on President Muhammadu Buhari to terminate the contractual agreement between the Nigeria Customs Service (NCS) and Webb Fountain over consistent server breakdown. Source LeadershipNG Read More

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Teamapt Welcomes 5 Female Engineers to its Women in Tech Internship Program - TeamApt, a leading provider of financial services for Africa's underserved, has announced the beneficiaries of its Women in Tech internship program. They are Tefe Mebuiefene (Frontend Engineer), Marvelous Frank-Solomon (Backend Engineer), Binta Umar(Backend Engineer), Omenebele Ananenu(Backend Engineer) and Barakat Ajadi (Technical Support Engineer). Source by Teamapt Read More

Lagos Blockchain and Crypto-Arts Conference 2021 - We are delighted to announce that Nigeria's premium hybrid Blockchain Conference of Value and Innovation, annually organized and curated by Blockchain Nigeria User Group is back and bigger! Source by Chimezie Chuta Read More


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FG Begins 4th MSMEs Survey - NBS - The Federal Government is set to begin the fourth round of the Micro, Small and Medium Scale Enterprises (MSMEs) survey. The disclosure was made on Thursday in Abuja at a news conference jointly addressed by the office of the Statistician-General of the Federation and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). Source Vanguard Read More

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