Nigeria in 1min: Economic, Business and Financial Headlines - 210121


Thursday, January 21, 2021 / 6:00 AM / By News Aggregator / Header Image Credit:


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COVID-19 Health Updates

  • 20th of January 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 114,691 cases (New: 1386)
  • Discharged:  92,336
  • Deaths: : 1478 (New: 14)

Source: NCDC Read More

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Another Case of Adverse Selection - Why Does Nigeria Always Take the Wrong Policy Option? - Having been out of the UAE for a clear one year, my business registration there, and the visa that came with it was nigh expired. The Economic Zone in which I registered Global Analytics Consulting advised that I need to get into the country before full expiry otherwise the visa and business registration may be cancelled in the system. Source OpEd by Tope Fasua Read More

CBN: FG's Revenue Dropped by 18% to N616bn in October - At N616.35 billion, Nigeria's gross federally-collected revenue in October 2020 reduced by 18.3 per cent, compared with the N729.14 billion recorded the previous month. The Central Bank of Nigeria (CBN) revealed this in its monthly economic report for October 2020, which was posted on its website yesterday. Source THISDAYLIVE Read More 


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Investors Gain N50.26bn as NSEASI Inches up by 0.23%, Halts Negative Posture - Equities market closed today on a positive note, as NSEASI appreciated by +0.23% to close at 41,051.63 basis points as against -0.07% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +2.18%. Source Proshare Markets Read More

NSE to Create Cutting-Edge Products and Services in 2021 - Mr. Oscar Onyema, CEO, the Nigerian Stock Exchange (NSE), has said that 2021 would see Nigeria's premier equities exchange introduce cutting edge products and services as the exchange transmutes into a holding company (Holdco) in line with its demutualization plans. Source Nifemi Taiyese for WebTV Read More Read More


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The Payday Revolution from Fidelity Bank is Here - The concept of payday either brings with it hopeful anticipation of needs being met on the one hand, and on the other hand, apprehension that the money wouldn't be received in time to settle overdue needs. Source Fidelity Bank Read More

Benefits of Using Psychometric Test while Recruiting - Nowadays the applicants for the vacancy are so many that it becomes very difficult for the recruiting team to hire the right person for the job. So, to streamline this process, a certain procedure of tests has been framed which the candidates need to appear in. Source Sponsored Post by outreach eseosolutions Read More

The Regulation of Courier and Logistic Companies in Nigeria - The Minister of Communications and the Digital Economy, Dr Isa Ali Ibrahim Pantami (the "Minister") in accordance with Section 62 of the Nigerian Postal Services Act, 2004 ("NIPOST Act") approved the new guidelines for the regulation of the Courier and Logistics sector ("the Sector") in Nigeria in July 20201. Source Florence Bola-Balogun, Kelechi Mba & Oluwapelumi C. Omoniyi of Aelex Read More

FG Moves to Deepen Reforms in Business Environment - To deepen reforms in Nigeria's business environment, the Federal Government has resolved that Chief Executive Officers (CEOs) and Heads of some regulatory agencies in the country be presented with the outcome of a recent survey that exposes major pitfalls in the operations of the agencies. Source Vanguard Read More

Nigeria's Cooking Gas Consumption Rises, exceeds 1m MT - The Petroleum Products Pricing Regulatory Agency on Tuesday announced that the consumption of Liquefied Petroleum Gas in Nigeria, popularly called cooking gas, exceeded one million metric tonnes in 2020. Source Punch Read More

Wall Street Closes at Record Highs as Netflix Jumps Biden Inaugurated - U.S. stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th U.S. president, while solid results from Netflix sparked a rally in shares of "stay-at-home" beneficiaries. Source Reuters Read More

Biden Revokes KXL Permit in Blow to Canada's Oil Sector, Ottawa Disappointed - U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa's hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported. Source Reuters Read More

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Firstbank Deepens Financial Inclusion with Largest Agent Banking Network, Empowers SMEs - At present, there are over 86,000 banking agents across 772 out of the 774 local government areas in Nigeria, a demonstration of FirstBank's commitment to deepening financial inclusion and ensuring the unbanked are adequately catered for. In an interview with BusinessDay, Adesola Adeduntan, FirstBank's CEO, noted that over N9.6 trillion had been processed through the bank's agent network. Firstbank Read More

Payment Security Predictions for 2021 - In parallel to this pandemic-stricken year in which time often seemed to stand still, global economies moved quickly in ways that accelerated change, bringing lasting impact to consumer behavior, fraud patterns and risk mitigation needs. Source Oped by Bevan Smith, Head of Risk: Visa Sub-Saharan Africa Read More


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