Nigeria in 1min: Economic, Business and Financial Headlines - 260821

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Thursday, August 26, 2020 / 6:00 AM / By News Aggregator / Header Image Credit: Instagram; theasovilla


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COVID-19 Health Updates

  • 25th of August 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 188,880 cases (New: 637)
  • Discharged: 169,382
  • Deaths: 2,288 (New: 7)

Source: NCDC Read More

 

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PROSHARE ECONOMY

NBS Publishes COVID-19 Impact Monitoring Survey Report for April 2021 - In April 2020, the National Bureau of Statistics (NBS), with support from the World Bank, launched the COVID-19 National Longitudinal Phone Survey (NLPS); a monthly survey of a nationally representative sample of 1,950 households to monitor the socio-economic impact of the pandemic and other shocks. Source NBS Read More

OPEC Secretary-General Says Africa Needs to Combat Energy Poverty As a Priority - H.E. Mohammed Barkindo, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) has urged African oil-producing countries to continue developing their energy sector activities and reassured that OPEC will continue to serve as a viable partner and "assist [them] in whatever way possible". Source Energy Capital and Power Read More

Anchor Borrowers' Programme: A Lot More Needed - In Nov-2015, the Central Bank of Nigeria (CBN) created the Anchor Borrowers' Programme (ABP) with goal of improving supply of key agricultural products to Agro-processors from Small Holder Farmers. Source United Capital Research Read More

NECA Seeks Enabling Environment for Job Creation - The Nigeria Employers' Conservative Association has called on the government to create an enabling environment for businesses, as this would help increase job creation in the nation. Source Punch Read More

MTEF: FRC, FRSC Split on Non-Remittance of N5.1 Billion IGR - The Federal Road Safety Commission, FRSC, was Wednesday, piqued by a claim from the Fiscal Responsibility Commission (FRC), that the agency, was yet to remit the sum of N5.1 billion it generated from 2016-2019, into the federal government account. Source Vanguard Read More

NEITI Seeks Closer Ties with Foreign Affairs Ministry on Transparency - The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr Ogbonnaya Orji, has met with the Minister of Foreign Affairs Mr. Godfrey Onyeama on the need to incorporate the implementation of natural resource governance into Nigeria's foreign policy. Source THISDAYLIVE Read More


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Total Nigeria PLC H1 2021 Unaudited Result: Bottom Line Growth, From Bad to Good - Total Nigeria Plc (NGX: Total) reported a significant half year (H1) 2021 growth in profits attributed to a rise in revenue, a fall in impairment losses, and milder rise in finance costs. Source Tosin Ige, Proshare Research Read More

Investors Lose N5.66bn as NSEASI Dips by -0.03%, YTD Return Hits -2.04% - Equities market closed today on a negative note, as NSEASI depreciated by -0.03% to close at 39,449.82 basis points as against +0.07% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.04%. Source Proshare Markets Read More

Dangote Cement Q2 2021 Results Review: Moving to Outperform from Neutral - DangCem reported Q2 earnings growth of 58% y/y to N102.5bn, slightly ahead of our estimate. All key P&L lines improved on a y/y basis. While sales grew by 57% y/y, PAT was up 58% y/y. Source FBNQuest Research Read More

Preline Limited Acquires 60.98% Stake in Eterna Plc - Eterna Plc announces that their substantial shareholders (Shareholders) have formally informed the Board of Eterna Plc (the Company) that they are in negotiations to sell equity holdings in the Company to a 'New Investor'. Source NGX Read More

 

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ALAT by Wema to Host the Second Edition of the ALAT Talk Series this Thursday - ALAT by Wema Bank, Nigeria's first fully digital bank, will host the second session of its ALAT Talk Series on Thursday, August 26, 2021, via Zoom. Source ALAT by Wema Read More

Tribunal Orders Multichoice to Pay FG N900bn Tax Backlog - A Tax Appeal Tribunal sitting in Lagos has ordered Multichoice Nigeria Limited, owners of cable television services, DSTV, to pay 50 per cent of N1.8trn tax backlog to the Federal Inland Revenue Service. Source Punch Read More

NEPC Tasks Exporters on Competitiveness, AfCFTA Readiness - With the operationalisation of the African Continental Free Trade Area (AfCFTA), Nigerian exporters have been implored to build capacity and be prepared to compete under the free trade area to avoid dumping of goods in the country. Source The Guardian NG Read More 

 

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AL-HAYAT Relief Foundation 6th NGM to Discuss Economic Growth and Development in Nigeria - AL-HAYAT Relief Foundation has announced that its 6th National General Meeting (NGM) will hold on Sunday the 5th of September, 2021. Source AL-HAYAT Read More

Pension Assets Gain N186b in Five Months - Nigeria's pension fund assets under the Contributory Pension Scheme (CPS) have grown by N186 billion in five months, The Nation has learnt. Data obtained from the National Pension Commission (PenCom) by the newspaper has shown that as at May 31, 2021, the pension fund assets stood at N12.5 trillion from N12.306 recorded last December. Source The Nation Read More


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