Nigeria in 1min: Economic, Business and Financial Headlines - 300921

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Thursday, September 30, 2021 / 6:06 AM / By News Aggregator / Header Image Credit: Proshare

 

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  COVID-19 Health Updates

  • 29th of September 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 205,484 cases (New: 437)
  • Discharged: 193,482
  • Deaths: 2,701 (New: 6)

Source: NCDC Read More

 

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PROSHARE ECONOMY

High Crude Oil Price; Double Edge of Wealth and Penury? - Earlier this week, the benchmark price of Brent reached US$80 per barrel, the highest price in three (3) years. We expect this would reflect well on Nigeria's oil proceeds. The price movement was driven by improved energy demand, despite the current wave of the delta variant of the coronavirus, force majeure, and supply control. Source CSL Research Read More

1.38m Passengers Arrived Across All Nigerian Airports in Q2 2021 - NBS - In first quarter 2021, domestic passenger's movement (arrival) across all airports was reported as 1,274,350, while departure stood at 1,247,797. These numbers are lower when compared with figures recorded in first quarter of 2020 at 1,595,810 (arrival) and 1,531,688 (departure). Source NBS Read More

Gov Makinde Presents N294.5bn 2022 Budget to Oyo Assembly - The Oyo State governor, Engr. 'Seyi Makinde, on Wednesday, presented a budget in the sum of N294.5 billion to the State House of Assembly for the 2022 fiscal year. Source LeadershipNG Read More

 

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PROSHARE REGULATORS

Nigeria's SEC and the Burden of Regulation - A mild drama over disclosure of corporate deficit and returns ensued early this month between the Securities and Exchange Commission (SEC) and the Senate Joint Committee on Finance, National Planning, Petroleum Upstream, Downstream and Gas. Source OpEd by Sola Oni Read More 

 

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PROSHARE MARKETS

100 Days After CBN's Board Removal: The Analyst Buggy Train - In the thirty-two weeks since the beginning of 2021, FBNH's share price recorded a year-to-date loss of -1.36% from N7.35 on January 8, 2021, to close at N7.25 on August 13, 2021, trading session. Source Proshare Research Read More

Investors Gain N382.06bn as NSEASI Inches Up by 1.89%; NSEASI Closes Above 39,000bpts - Equities market closed today on a positive note, as NSEASI appreciated by +1.89% to close at 39,592.29 basis points as against -0.01% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -1.68%.  Source Proshare Markets Read More 


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PROSHARE BUSINESS

Ecobank Nigeria Board Announces the Appointment of Bola Adesola as New Chairman - The Board of Directors of Ecobank Nigeria has announced the appointment of three non-executive directors: Mrs. Bola Adesola, Mrs. Titilayo Olujobi and Mrs. Bimbola Wright. Source Ecobank Nigeria Read More

How AfCFTA is Scaling up Local Content Initiatives in Nigeria - With the implementation of the African Continental Free Trade Agreement on January 1, 2021, Nigeria has the chance to significantly increase local content initiatives, expanding economic activity beyond its borders and driving local capacity. Source African Energy Chamber Read More

Society for Corporate Governance Nigeria Hosts Annual Corporate Governance Conference - This year's virtual conference scheduled to hold on Tuesday, 5th October 2021 by 11:00 am promises to be impactful, insightful, and an expository experience as our esteemed panel of speakers discuss: Emerging Trends in Corporate Governance with a core focus on Environmental Social and Governance (ESG), Board Diversity, Regulation and Digital Transformation. Source Society for Corporate Governance Nigeria Read More

Africa's Refining Outlook Improves on Dangote Project, Says OPEC - The Organisation of the Petroleum Exporting Countries said on Tuesday that Africa's refining outlook had improved, with Dangote project accounting for half of the 1.2 million barrels per day of new capacity expected by 2026. Source Punch Read More 

 

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PROSHARE TECHNOLOGY   

Andela Raises $200 Million, Becomes Nigeria's Latest Unicorn - Andela, a Nigerian startup that connects African software engineering talent to global companies, has become the country's newest startup to attain the unicorn status after raising $200 million from investors. Source Premium Times Nigeria Read More

 

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PROSHARE FINANCE

FIRS to State Assemblies: You Need to Give Attention to Tax Matters - Muhammad Nami, executive chairman of the Federal Inland Revenue Service (FIRS), has asked state assemblies to give greater attention to tax matters. This is as the FIRS boss advised governments at all tiers to ensure that tax-compliant citizens enjoy the value for the taxes they pay. Source TheCable Read More 

 

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PROSHARE MSME

We Saved One Million Jobs, Prevented Shutdown of 150,000 SMEs - Osinbajo - Vice President Yemi Osinbajo says that through the Economic Sustainability Plan, the present regime has saved over one million jobs and forestalled the closure of over 150,000 small businesses hit by COVID-19. Source Punch Read More

 

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