Nigeria in 1min: Economic, Business and Financial Headlines - 210721

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Wednesday, July 21, 2021 / 5:40 AM / By News Aggregator / Header Image Credit: Aso Rock Villa


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COVID-19 Health Updates

  • 20th of July 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 169,884 cases (New: 206)
  • Discharged: 164,733
  • Deaths: : 2,128 (New: 0)

Source: NCDC Read More

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PROSHARE ECONOMY

Rating Agencies Affirm 'AAA' Long Term Credit Rating of InfraCredit, With Stable Outlook - Rating agencies, Agusto & Co ("Agusto") and Global Credit Ratings ("GCR") re-affirmed the "AAA" credit rating of Infrastructure Credit Guarantee Company Limited ("InfraCredit"), Source By InfraCredit Read More

Inflation on the Downtrend - Last week, the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report for June 2021 showed a moderate decline in the headline inflation to 17.75% from 17.93% recorded in May 2021. Source By Coronation Research Read More

Households hang by a thread as Inflation Rises by 17.75% in June 2021 - Data released by the National Bureau of Statistics (NBS) last week showed that Nigeria's headline line inflation rate dropped to 17.75% in the month of June 2021 representing the third straight fall in monthly inflation numbers. Source By AbdulQudus Isiaka, Proshare Research Read More

TUC Warns FG Against Increasing Foreign Loans - The Trade Union Congress of Nigeria has cautioned the Federal Government against the nation's increasing indebtedness. According to the union, the wealth of the nation is being transferred to other nations through borrowing. Source Punch Read More

 

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PROSHARE MARKETS

Desperate Policy Actions to Tackle Inflation in the US Will Send Shockwaves - How much spending is too much? Is the global economy over-heating? Is the world about to relive the 1970s-runaway-type-inflation?. These are some of the questions that have dominated the global economic scene, as the world grapples with the varying probability of occurrence of a lasting inflation in the U.S. Source By Content Read More

Privatization Through the Capital Market Will Improve Governance - Prof Uche Uwaleke - Using the capital market to support Nigeria's economic growth and development is gaining public sector appeal with recent steps taken by the Federal Government to collaborate with the Nigerian Exchange Group (NGX). Source By Ottoabasi Abasiekong for WebTV Read More

 

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PROSHARE BUSINESS

Bisi Adeyemi Emerges 17th President of NBCC Outlines 8 Point Agenda - The newly elected 17th President of the Nigerian-British Chamber of Commerce (NBCC), Mrs Bisi Adeyemi, has assured members and stakeholders that she would consolidate on the laudable achievements of the past administrations and ensure the consistent and sustainable growth of the Chamber. Source By NBCC Read More

Nigeria's Sweet Crude Bullish at $75 Despite Oil Prices Crashing to $69 - The decision by the Organisation of Oil Exporting Countries (OPEC) to pump 400,000 barrels per day of crude oil into the market on a monthly basis from August, yesterday pushed oil price to a record low of $69 per barrel, but Nigeria's sweet crude, Bonny Light remains bullish at $75.23. Source The Guardian Nigeria Read More

Gencos Seek NNPC's Intervention as Gas Supply Challenge Persists - With gas supply to thermal power plants around 13 percent more than seven years after the power sector privatisation, power generation companies (Gencos) have called on the Nigerian National Petroleum Corporation (NNPC) to intervene and save the sector. Source THISDAYLIVE Read More

AfDB, IFAD, Others Boost Agric with $800m - The Bank of Industry (BoI), African Development Bank (AfDB), International Fund for Agricultural Development (IFAD) and Islamic Development Bank (ISB) have okayed $800million to reduce poverty, end hunger and increase resilience to climate change in rural communities around Nigeria. Source The Nation Read More


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PROSHARE TECHNOLOGY   

Zoom to Buy Five9 in $15bn Deal - Zoom Video Communications Incorporated has announced a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Incorporated in its largest-ever acquisition, as competition intensifies in its core videoconferencing sector. Source THISDAYLIVE Read More


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