Nigeria in 1min: Economic, Business and Financial Headlines - 160821


Monday, August 16, 2021 / 5:00 AM / By News Aggregator / Header Image Credit: odionaleobua


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COVID-19 Health Updates

  • 15th of August 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 180,661 cases (New: 541)
  • Discharged: 167,132
  • Deaths: : 2,219

Source: NCDC Read More

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Headline Inflation is Expected to Decline by 0.25% to 17.5% in July 2021 - Inflation is becoming a hydra-headed problem in the world over. Most advanced and developing economies are reporting inflation rates higher than their targets. For instance, inflation in the US spiked to a 13-year high of 5.4%. Source FDC Ltd Read More

Press and Politics in Nigeria: On Whose Side? - Being the text of an inaugural lecture delivered by Lai Oso, Ph.D, Professor of Mass Communications, on Press and Politics in Nigeria at Lagos State University, Ojo, Lagos. Source Lai Oso, Ph.D Read More

Oil Prices Resilient Despite Demand Doubts - OIR 130821 - Crude prices have pulled off a noteworthy performance this week, with Brent remaining above the $70 per barrel mark despite mounting COVID fears in China and the U.S. While President Biden called on OPEC+ to drill more in order to counter rising gasoline prices. Source Michael Kern of Oilprice Read More

MAN Decries Dwindling Real Sector Contribution to GDP - The Manufacturers Association of Nigeria (MAN) has expressed concerns over the dwindling contribution of manufacturing input into the nation's Gross Domestic Product (GDP). Source The Nation Read More

FIRS Files Appeals Court Judgment on Rivers VAT Collection - The Federal Inland Revenue Service (FIRS) has appealed a recent judgment of the Federal High Court in Port Harcourt Rivers State on the issue of Value Added Tax (VAT)collection. Source Vanguard Read More

Taliban Retake Afghan Capital After 20 Years Fighting U.S. - Taliban leaders marched into Kabul Sunday, preparing to take full control of Afghanistan two decades after they were removed by the U.S. military. The militant group took over the presidential palace, and said it plans to soon declare a new "Islamic Emirate of Afghanistan." Hours earlier, American-backed President Ashraf Ghani fled the country. Source Bloomberg Read More

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What To Expect from The Markets This Week - 160821 - 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 Proshare Content Read More

Dealing in Penny Stocks - Win Big or Go Home Empty - The equities market has been loosely described by many as a casino ground for the more sophisticated speculators, you buy low and you sell high, in the same manner that many deal in commodities and cryptocurrencies. Source Market Pulse by Comercio Partners Read More


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When a Contractor Will Not Be Liable for Repudiatory Breach - Non-payment of contractors by their employers can be frustrating. Therefore, several standard forms of contract allow contractors suspend the performance of their obligations in the contract until employers pay. Source Osinachi Nwandem of AELEX Read More

Big Brother Nigeria and B2B Communications: 7 Tips to Retain Audience Attention - With viewers from 49 countries during its fifth season, Big Brother Nigeria (BBN) has become the most watched reality TV show on the continent. Lasting for about 3 months (90 days) per season. Source Mosron Communications Read More

FixPolitics Condemns EFCC's Harassment of NIPC Boss - #FixPolitics Initiative, as a Community of Practice committed to ethical and competent leadership, has observed with concern the continued harassment of the executive secretary of the Nigerian Investment Promotion Commission (NIPC), Yewande Sadiku, by several agencies, the most recent one being by the EFCC on Monday, 9th August 2021. Source Modestus Anaesoronye of BusinessDay Read More

Foreign Refineries Process N2.39tn oil for Nigeria in 13 Months - Foreign refineries processed crude oil valued at N2.39tn between March 2020 and March 2021 to ensure domestic supply of refined petroleum products in Nigeria as the country's plants remained in a state of disrepair. Source Punch Read More

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Why Nigerian Airlines May Not Cut Ticket Fares - Stakeholders - Stakeholders in the aviation industry have said the charges paid by airlines in Nigeria and the cost of operation make it difficult for them to reduce their ticket fares. Source Punch Read More

NNPC Announces Trading Surplus of N43.57bn for April - The Nigeria National Petroleum Corporation has announced a trading surplus of N43.57bn for April 2021. The NNPC made this known in its weekly review published on Sunday. Source Punch Read More

Marketers Protest DPR's New Charges for Retail Outlets - Oil marketers have protested a new charge by the Department of Petroleum Resources, DPR, for renewal or acquisition of licences for petroleum products storage and sale outlets in the country. Source Vanguard Read More

Goldman Says OPEC Supply Output Review Unlikely Despite US Appeal - Goldman Sachs, a US investment bank has predicted that the recent call by the United States to OPEC+ to boost oil output is unlikely to result in higher production over the short-term. The bank attributed its position to the threat on crude demand from the coronavirus Delta variant. Source LeadershipNG Read More 


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Digital Platform to Provide Non-Interest SME Financing in Nigeria - Fintech will improve non-interest SME financing for Shariah-compliant entrepreneurs in Nigeria with innovative products and services. Mr. Bashir Yusuf, the Founder/CEO of 'eTijar', a non-interest finance and investment platform, made this point while discussing "Leveraging Fintech to Deepen Nigeria's Non-Interest Market". Source Bukola Akinyele-Yisau for WebTV Read More

Nigeria Receives 177,600 Doses of Johnson & Johnson Vaccines for Next Phase of COVID-19 Vaccinations - Nigeria has taken delivery of 177,600 Janssen (Johnson & Johnson) vaccine on 12 August 2021 in Abuja. The delivery marks the first wave of arrivals of COVID-19 vaccines procured through the African Union. Source WHO Nigeria Read More

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How to Maintain Your Current Quality of Life in Retirement - One of the common phrases you hear ex-working professionals voice out in retirement is this. "Children please understand, there is no more money like before". This statement signifies a fall from a privileged life. Source Grace Agada Read More

3 Real Estate Title Documents and What they Mean for your Investment - Investing in real estate, like any other investment asset class, requires knowledge, information and smart decision-making.  With multiple documentation requirements and different verification exercises, successful investment in the sector demands more than the cost price of the property. Source Alpha Mead Read More

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