Nigeria in 1min: Economic, Business and Financial Headlines - 290920

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Tuesday, September 29, 2020 / 6:00 AM / By News Aggregator / Header Image Credit: @NigeriaGov

 

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COVID-19 Health Updates

  • 28th of September 2020: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 58,460 cases (New: 136)
  • Discharged:  49,895
  • Deaths: : 1,111 (New: 3)

Source: NCDC Read More


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PROSHARE ECONOMY 

33,448,633MWh of Energy Generated in 2019 - NBS - The power generation statistics for 2019 reflected that a total of 33,448,633 MWh of energy was generated by power stations. Privatized GenCos generated 19,692,683 MWh, IPP GenCos generated 7,798,253 MWh while the NIPP GenCos generated 5,957,697MWh. Source NBS Read More 

AFEX Special Report - Focus on Kaduna State's Agricultural Sector - Last year we had the first ever AFEX harvest party intended to mark AFEX's 5th year anniversary while emphasizing the amazing contributions of our partner farmers, who have been an integral part of our work since we first began. Source AFEX Read More

 

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PROSHARE MARKETS 

Investors Gain N98.51bn as NSEASI Inches Up by 0.72% to Open the Week Positive - Equities market closed today on a positive note, as NSEASI appreciated by +0.72% to close at 26,507.84 basis points as against +1.28% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -1.25%. Source Proshare Markets Read More

Alta Semper Capital Responds to HealthPlus Pioneer CEO Accusations, Issues a Q and A - The majority of the Board of HealthPlus Limited on Friday, September 25, 2020, issued an instruction terminating, for cause, the appointment of former CEO Mrs. Bukky George and asking Mr. Chidi Okoro to provide interim leadership for the Company as its new Chief Transformation Officer ("CTO"). Source Alta Semper Capital Read More

Average NT-Bills Yield Advances by 3bps to 1.7%; PMA Holds this Wednesday - The Nigerian Treasury Bills ("NT-Bills") secondary market closed on a bearish note last week as weak sentiments were observed in spite of healthy liquidity in the system (N768.1bn long on Friday). Source Afrinvest Research Read More

 

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PROSHARE BUSINESS

Rice production has increased by 1.2 million metric tonnes - FG - The Federal Government on Monday said its interventions in the rice value chain led to an increase in rice production in Nigeria by 1.2 million metric tonnes within three years. Source Punch Read More

CFA Society Nigeria, Others Object to the Proposed CISIM Bill - It was recently reported that a bill to repeal and replace the Act establishing Chartered Institute of Stockbrokers (CIS) effectively transmuting her to Chartered Institute of Securities and Investment Management (CISIM) is before the National Assembly again. Source THISDAYLIVE Read More

OPS Opposes Suspension of New Electricity Tariffs - The OPS also commended the Nigerian Labour Congress (NLC) and the Trade Unions Congress (TUC) for suspending by two weeks the labour strike they planned against the increase in tariffs in order to enable negations and peaceful settlement of the conflicts without disrupting economic activities. Source THISDAYLIVE Read More

NLNG Targets 350,000 Metric Tons LPG by December - The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is set to achieve the production of 350,000 metric tons of Liquefied Petroleum Gas (LPG) from a paltry of 75,000mt it was when it started some years ago. Source THISDAYLIVE Read More

Deregulation: NNPC Paid Itself N1.53trn Petrol Subsidy in 3 Years - The Nigerian National Petroleum Corporation, NNPC, paid itself N1.53 trillion as subsidy on Premium Motor Spirit, PMS, also known as petrol, in three years and six months, from January 2017 to June 2020, according to series of documents obtained from the corporation. Source Vanguard Read More

Oil Slips as Demand Worries Offset Hopes for Stimulus - Oil prices fell on Tuesday as demand concerns driven by COVID-19 outweighed hopes that U.S. lawmakers and the White House were nearing an agreement on a new stimulus package to revive the world's biggest economy. Source Reuters Read More

 

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PROSHARE TECHNOLOGY   

Stakeholders Call for Clarity in Regulation and Standardization of Nigeria's Digital Asset Market - Stakeholders at the CoinNewsExtra 2020 forum agreed that there is a need for clarity in the regulation and standardization of the Digital Asset Market in Nigeria. Looking at the subject of "Interpretation of Nigeria's SEC Regulation (Statement on Digital Assets and their Classification and Treatment) of Cryptocurrency in Nigeria". Source WebTV Read More

 

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PROSHARE FINANCE 

 Nigeria Celebrates 60, Insurance Sings - Nigerians that have had the opportunity of celebrating our Independence Day Anniversary at the stadium would better understand what insecurity, economic instabilities, social maladies and political bickering have caused us. Source Ekerete Ola Gam-Ikon Read More


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PROSHARE MSME

FG to Disburse N300m MSMEs Survival Fund to Mark 60th Anniversary - Government has concluded arrangements to share about N300million under the National Medium, Small and Micro Enterprises (MSMEs) Survival Funds scheme to about 333,000 artisans and transporters, as part of measures to commemorate Nigeria's 60th Independence anniversary on October 1st. Source The Guardian Nigeria Read More

 

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