Nigeria in 1min: Economic, Business and Financial Headlines - 201021


Wednesday, October 20, 2021 / 6:00 AM / By News Aggregator / Header Image Credit: Facebook; Babajide Sanwo-Olu


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 COVID-19 Health Updates

  • 19th of September 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 209,546 cases (New: 159)
  • Discharged: 197,546
  • Deaths: 2,838 (New: 0)

Source: NCDC Read More


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Food Prices Push Upwards But Average Inflation YoY Drops - Data released by the National Bureau of Statistics last Friday showed that Nigeria's Inflation rate sustained a downward trend in September, after falling for the sixth consecutive month as CPI rose by 16.63% Y-o-Y. Source AbdulQudus Isiaka,Proshare Research Read More

FG Scraps DPR, PPPRA, PEF for New Agencies - The Guardian is reporting that the Federal Government has officially scrapped the Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum Equalisation Fund (PEF). Source The Guardian Read More 

Federal Government to Unveil New Agriculture Policy - Following the expiration of the Agricultural Promotion Policy (APP) that lasted from 2016-2020, the Federal Government is in the process of developing another policy termed National Agricultural Technology and Innovation Policy (NATIP) to cover the 2021-2025 period. Source The Guardian NG Read More

Nigeria, Others to Save Over $774b Through LPG Adoption Amid Rising Costs - By achieving 50 per cent market penetration, Nigeria and other African countries can save more than $774 billion by intensifying the adoption of Liquefied Petroleum Gas (LPG) as a cleaner cooking fuel alternative by 2030. Source The Guardian NG Read More

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Credit Rating Agencies Should Focus on Investors' Protection - SEC - The Securities & Exchange Commission (SEC) has admonished Credit Rating Agencies (CRAs) operating in Nigeria to focus on Investors' protection in all their dealings, services, and activities within the Capital Market. Source DataPro Read More

What Happens to Nigeria if US Equities Fall? - Early this year it looked as if US inflation was on the rise. This was reflected in the yield of the US Government 10-year bond which rose from 0.68% pa in October 2020 to 1.74% pa in March 2021. Source Coronation Research Read More

A Conversation With Zainab Ahmed, Nigeria's Finance Minister - I was a Rapporteur at the National Workshop of the Chartered Institute of Stockbrokers (CIS) at Transcorp Hilton, Abuja, on August 19, 2021. The Honourable Minister of Finance, Mrs. Zainab Ahmed, presented a lucid and detailed paper on how the Nigerian Capital market had in the past enhanced economic growth... OpEd by Sola Oni Read More 

Iroko TV To Raise $150m Capital from LSE - Film-streaming service, IROKO TV, is currently planning to raise $150 million fresh capital from the London Stock Exchange (LSE), according to the Cable News Network (CNN). Source Leadership NG Read More

Nigeria, Ghana, South Africa Lead in Market-supportive Environment Ranking - Nigeria, Ghana and South Africa have been ranked higher than 20 other African countries on the enforceability of standard master agreements pillar in the latest African financial markets index presented by Absa, a leading financial services provider. Source Leadership NG Read More

Fidelity Bank to Raise $500m from International Debt Capital Market - Leading tier-2 lender, Fidelity Bank Plc plans investor meetings commenced on Monday, October 18 as the bank considers raising about $500 million from the international debt capital market. Source BusinessDay Read More

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2021: Dangote Emerges Most Valuable Brand In Nigeria For The Fourth Time - For the fourth time in a row, Dangote Group, a fully integrated Conglomerate and proudly Nigeria brand has again emerged as the most valuable brand in Nigeria while MTN Nigeria trailed as the Most Popular brand in the new Top of the Mind (TOM) survey conducted among corporate executives in the country. Source Dangote Group Read More

Nigeria Producing $18bn Cassava, Missing in Global Market - FG - Nigeria produces 45 million metric tonnes of cassava, estimated at about $18bn annually but is not an active player in cassava trade in the international market, the Federal Government has said. Source Punch Read More

Despite Setting Monthly Revenue Target of N414.941bn, NNPC Misses Eight-month Revenue Goal by N1.276tn - The Nigerian National Petroleum Corporation (NNPC) has largely failed to meet its revenue target set for between January to August this year, with a deficit of about N1.276 trillion within the period. Source THISDAYLIVE Read More

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