Nigeria in 1min: Economic, Business and Financial Headlines - 040521

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Monday, May 04, 2020 / 6:00 AM / By News Aggregator / Header Image Credit: @jidesanwoolu


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COVID-19 Health Updates 

  • 4th of May 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 165,199 cases (New: 18)
  • Discharged: 155,371 
  • Deaths: : 2063 (New: 0)

Source: NCDC Read More

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PROSHARE ECONOMY

Hospitality: Re-imaging Progress, the Many Faces of the New Industry - The new business realities of tomorrow would require major mental maps to shift business paradigms towards restrategizing, reimaging, and rethinking operating activities, especially for service sector enterprises. Source Proshare Research Read More 

Review Export Proceeds Repatriation Policy, LCCI Tells CBN - It has become imperative for the Central Bank of Nigeria to review its policy on repatriation of export proceeds, the Lagos Chamber of Commerce and Industry has said. Director-General of LCCI, Dr Muda Yusuf, said this at an interactive session with business editors on Friday. Source Punch Read More 

Nigeria Ranks 102 Out of 104 Countries in the Chandler Good Governance Index - The Chandler Good Government Index (CGGI) 2021 is the first edition of what will be an annual series, measuring the effectiveness of governments in 104 countries globally. It is the world's most comprehensive index of governance quality and outcomes. Source Chandler Institute of Governance Read More

 

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PROSHARE REGULATORS 

Requirements of the Digital Sub-broker Regulations Introduced by Nigeria's SEC - On 19 December 2020, the Securities Exchange Commission, Nigeria ("SEC") published a statement, informing the public that the Investments and Securities Tribunal, ("IST") had made interim Orders restraining a Fintech company, Chaka Technologies Limited, and its promoters from advertising or offering for sale shares, stock or other securities of companies or other entities. Source Oluwapelumi C. Omoniyi (AELEX) Read More

 

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PROSHARE MARKETS

NGX Lists FGN Savings Bonds Issued in April 2021 - The Market and Investing Public are hereby notified that the April 2021 Issue of the Federal Government of Nigeria (FGN) Savings Bonds were listed on the Nigerian Exchange Limited, on 26th April 2021. Source NGX Read More 

May 2021 FGN Savings Bonds Offer for Subscription - Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, LFN 2004 Debt Management Office on behalf of the Federal Government of Nigeria Offers for Subscription and is authorized to receive applications for the Federal Government of Nigeria Savings Bond at the following interest rates. Source DMO Read More

 

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PROSHARE BUSINESS  

Finance Minister Commends NEXIM Bank's Reduction in NPLs - Management of Nigeria Export - Import Bank (NEXIM) has been commended for returning the bank to profitability and reduction in non- performing loans. Minister of finance, budget and national planning, Zainab Ahmed gave the commendation when she inaugurated two newly appointed non - executive directors into the board of the bank in her Abuja office. Source Leadership Read More 

CBN Ramps up Metering Intervention to Discos - The intervention by the Central Bank of Nigeria (CBN) in the metering challenges in the power sector, has started to yield the needed results, it was learnt yesterday. Source Punch Read More 

Electricity: BPE, NDPHC Set to Sell 5 Generating Plants in Nigeria - The Board of Directors, Niger Delta Power Holding Company, NDPHC, and the National Council on Privatisation have approved the sale of five generating companies in the country through a competitive bidding process. Source Vanguard Read More

 

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PROSHARE TECHNOLOGY   

Experts from NITDA, CERT-MU, WHO, UN and more to Share insights at the CyFrica 2021 - African countries are brimming with potential as investment in technology infrastructure is seen as a very important catalyst for economic and social transformation in the region. This opens doors for an increasing number of cyber risks which can become an obstacle in the path of the total digital transformation in these countries. Source Tradepass Read More 

Verizon to sell Yahoo, AOL for $5bn - Verizon announced on Monday it was selling faded internet stars Yahoo and AOL to a private equity firm for $5 billion, ending the media ambitions of the telecoms giant. Source Punch Read More 

EBay Says Open to Accepting to Cryptocurrencies In Future, Exploring NFTs - EBay Inc (EBAY.O) is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform, the company said on Monday. Source Reuters Read More 

ATM Transactions Decline by N67bn In Q4'20 - The value of Automated Teller Machine (ATM) transactions, on quarterly basis dropped by N67 billion to N4.82 trillion in the fourth quarter of last year (Q4'20) from N5.49 trillion in the previous quarter, Q3'20. Source Vanguard Read More

 

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PROSHARE FINANCE 

Nigeria's Insurance Industry Needs A Policy Roadmap - Ekerete Ola Gam-Ikon - A clear policy roadmap will unlock the growth and potentials of the Nigerian Insurance industry, which could lead to deeper consumer in support of the economy. Mr. Ekerete Ola Gam-Ikon, an insurance expert, and management consultant made this point while providing commenting on  "The Insurance Industry and Nigeria's Economic Stability". Source Ottoabasi Abasiekong for WebTV Read More 

 

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PROSHARE MSME

Stakeholders at the MSME Dialogue Reiterate the Importance of Technology and Digital Transformation - Stakeholders at the third edition of MSME Dialogue have reiterated the importance of powering businesses, whether big or small, with technology and digital transformation to guarantee growth. Source MSME Africa Read More 

NEPZA Mulls Export Accelerator Programme for SMEs - The Managing Director/Chief Executive, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has said he is prepared to canvass for the adoption of export business accelerator programme to speedily integrate the country's small and medium scale enterprises (SMEs) into the Special Economic Zones (SEZ) scheme for the benefit of the country. Source Thisday Read More 

 

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