Nigeria in 1min: Economic, Business and Financial Headlines - 160721


Friday, July 16, 2021 / 6:00 AM / By News Aggregator / Header Image Credit: Ecographics


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COVID-19 Health Updates

  • 15th of July 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 169,074 cases (New: 159)
  • Discharged: 164,662
  • Deaths: : 2,126 (New: 1)

Source: NCDC Read More

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Oil Production Quota: UAE and Saudi Compromise: What is in it for Nigeria? - Recently, news reports say the United Arab Emirates and Saudi-Arabia reached a compromise on oil production quota. Source by CSL Research Read More

Nigeria Hires Money Managers for $37bn Infrastructure Fund - Vice President Yemi Osinbajo approved hiring money managers for the Infrastructure Corp. of Nigeria Ltd., according to central bank's spokesman Osita Nwanisobi. Source by Emele Onu and Anthony Osae-Brown of Bloomberg Read More

How 6 Finalists Will Emerge from FirstBank's Sponsored the Voice Nigeria Season 3 Second Live Show - Six finalists are expected to emerge through the viewers votes following the second live show of the FirstBank Sponsored the Voice Nigeria Season 3. Source by First Bank Nigeria Read More

Senate Approves Buhari's Request for $8.325m, 490m Euros External Loans - The Senate on Thursday approved the President, Major General Muhammadu Buhari's (retd) request for ongoing external loans to the tune of $8,325,526,537 and 490,000,000 Euros under the 2018-2020 External Borrowing (Rolling) Plan. Source Punch Read More

COVID-19 Impeding FG's Economic Diversification Drive, Says Ahmed - The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, stated Thursday that efforts by the federal government to achieve economic diversification has been affected by a decline in revenue due to the challenges of the COVID-19 pandemic. Source THISDAYLIVE Read More

Tax Credit: FEC Awards N309.9bn Road Contracts to Dangote - The Federal Executive Council on Wednesday approved the award of a contract to Dangote Industries for the construction of five roads totaling 274.9 km at the cost of N309.9bn to be advanced to the company as tax credit. Source Punch Read More

Senate Upholds AG's Report, Orders N300bn Refund from NPA, BPE, 57 agencies - The Senate on Tuesday directed 59 Federal Government agencies to return over N300bn funds allegedly misappropriated by them to the federation account. Source Punch Read More

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Investors Lose N2.94bn as NSEASI Dips Marginally by -0.01% Amid Positive Market Breadth - Equities market closed today on a negative note, as NSEASI depreciated by -0.01% to close at 37,872.55 basis points as against +0.04% appreciation recorded previously. Source by Proshare MARKETS Read More

NGX, BPE, NIPC Collaborate to Host Investors' Webinar - Nigerian Exchange (NGX) Limited was pleased to collaborate with the Bureau of Public Enterprises and the Nigerian Investment Promotion Commission to host an investors' webinar on Tuesday, 13 July 2021. Source by NGX Read More


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Sustainable Conversations Webinar: Impact Investments in Africa: Solution, Palliative, Or Poison? - In 2013, the United Nations Development Programme (UNDP), through its territorial private segment unit African Facility for Inclusive Markets (AFIM), delivered a lead report on "Realizing Africa's Riches - Building Comprehensive Businesses for Shared Prosperity". Source by ThistlePraxis Consulting Read More

Zenith Bank Reaffirms Market Dominance with Best Commercial Bank Award - Zenith Bank Plc has been named the Best Commercial Bank in Nigeria in the World Finance Banking Awards 2021. Source by Zenith Bank Read More


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Microsoft Unveils Windows 365 - Ushering in a New Category of Computing - Microsoft Corp. on Wednesday announced Windows 365, a cloud service that introduces a new way to experience Windows 10 or Windows 11 (when it becomes available) to businesses of all sizes. Source by Microsoft Read More

NCC to Auction 5G Spectrum in Q4 2021 - The Nigerian Communications Commission (NCC) will auction the 5G spectrum by the fourth quarter of 2021. The Executive Vice-Chairman (EVC) of NCC, Prof. Umar Danbatta, who disclosed this on Thursday during a conference on "Multidisciplinary engineering and applied sciences" at Nile University, Abuja. Source THISDAYLIVE Read More

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Experts harp on the Need for Increased Awareness on Estate Planning at the Proshare #PFWebinar - On Wednesday, July 14, 2021, Proshare - a digital market intelligence and financial information hub focused on Sub-Saharan Africa hosted the first edition of its Personal Finance Webinar, following the release of the fourth (4th) report in its Personal Finance Series which commenced in 2019. Source Proshare Finance Read More

Nigeria COVID-19 Update: Delta Variant Poses Some Risks - Last week, the National Center for Disease Control (NCDC) announced that the "Delta" variant of Covid-19 had been detected in the country. The highly infectious nature of the variant suggests the increased possibility of a third wave of Covid-19 infections in Nigeria. Source by United Capital Research Read More 

Standard Chartered Commits USD 200m Facility for AU COVID-19 Vaccination Programme - African Export-Import Bank (Afreximbank) and Standard Chartered today announced an agreement for Standard Chartered to provide USD 200m of not-for-profit funding towards Afreximbank's structured framework to help finance the acquisition of COVID-19 vaccines for African nations. Source Standard Chartered Read More

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