Nigeria in 1min: Economic, Business and Financial Headlines - 220721

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Thursday, July 22, 2021 / 6:00 AM / By News Aggregator / Header Image Credit: @TheAsoVilla

 

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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

A Terrible Time for OPECplus to Resolve Its Differences - OIR 200721 - It seems that the news of Saudi Arabia and the UAE ironing out their OPEC+ policy differences could not have come at a worse time for oil markets. The news came against the background of increasing COVID-19 cases globally, triggering concerns that OPEC+ will be bringing production back just at a time when demand would be subdued again. Source By Tom Kool of Oilprice.com Read More

Nigeria, Niger, 4 Others to Benefit from the first UN Regional Humanitarian Fund - Following the approval of the first ever Regionally hosted Pooled Fund to boost humanitarian operations in West and Central Africa, OCHA has launched the Niger envelope starting with the release of US$ 15 million. Source By Office for Coordination of Humanitarian Affairs (OCHA) Read More

PIB to Boost Nigeria: Committed to Driving Collaboration and Deal-Making in Nigeria's Energy Sector - NJ Ayuk, Executive Chairman of the African Energy Chamber's (AEC) recently conducted a working visit to Nigeria with a sole mandate to expand cooperation, reaffirm critical energy partnerships, and promote the country as a premier investment destination. Source By African Energy Chamber Read More

OPEC Agreement: Nigeria to Raise Oil Production - Nigeria is to ramp up crude oil production following the agreement reached by members and allies of the Organisation of Petroleum Exporting Countries to increase output. Nigeria is a long time member of OPEC, collaborating with the organisation for more than 50 years running. Source Punch Read More

Insecurity Threatens N20b Agric Investments - Growing insecurity is threatening more than N20 billion agricultural investments in most parts of the country, The Nation learnt. Major agricultural investments are located in Kaduna, Niger, Borno, Zamfara, Benue, Nassarawa and Oyo states. They have suffered an unprecedented attacks on farms by bandits and herdsmen may have that has resulted in $8.5 billion in crop and livestock losses. Source The Nation Read More


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Coronation Merchant Bank to host a Webinar on Capital Mobilization through the Private Markets - Nigeria's leading financial institution, Coronation Merchant Bank, is set to hold the July edition of its Interactive Session themed "Capital mobilization through the Private Markets" on July 26, 2021 from 11am. Source By Coronation Merchant Bank 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

UK Government Nominates Prof Dapo Akande to Serve on The 2021 International Law Commission - The Government of the United Kingdom recently nominated Professor Dapo Akande to serve in the 2021 International Law Commission for the year 2021. In a statement issued by the Foreign Secretary of State Mr. Dominic Raab, the UK has a longstanding relationship with the commission and its invaluable work. Source UK Government Read More

Power Generation Falls Below 4,000MW Amid Gas, Trasmission Problems - Power generation in Nigeria dropped below the 4,000 megawatts mark on Tuesday amid the Eid-el-Kabir celebration. The total generation in the country stood at 3,958.7MW as of 6am on Tuesday, down from 4,270.7MW on Monday, according to data obtained from the Nigerian Electricity System Operator. Source Punch Read More

48 Disputes Resolved Through Alternative Mechanism, Says DPR - The Department of Petroleum Resources (DPR) has disclosed that a total of 48 disputes in the oil and gas industry were resolved in the first three months after the inauguration of its Alternative Dispute Resolution Centre (ADRC). Source THISDAYLIVE Read More

Nigeria to Boost Trade Volume Through ECOWAS TPOs - Nigeria is poised to boost its non-oil exports following the official launch of the Economic Community of West African States (ECOWAS) Trade Promotion Organisations (PTOs). With Executive Director /CEO of the Nigerian Export Promotion Council (NEPC) Segun Awolowo as the inaugural president of the ECOWAS TPOs, the NEPC is repositioning the nation's export through the implementation of its N50 billion Export Expansion Facility Programme (EEFP). Source The Nation Read More

 

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PROSHARE TECHNOLOGY

Google Launches the AI Academy for Small Newsrooms in Partnership with LSE - As people searched for the latest information on COVID-19 last year, including school reopening's and travel restrictions, the BBC recognized they needed to find new ways of bringing their journalism to their audiences. Source By David Dieudonne, Google News Lab Lead, France, Italy, & Spain Read More

Chaka to Power Digital Investments for African Businesses, Secures $1.5M in Pre-Seed Funding - SEC-Licensed Digital Sub-broker and leading digital investment platform, Chaka Technologies, has raised $1.5M in a pre-seed funding round led by Breyer Capital, premier global venture capital and private equity firm focused on catalysing growth in high-impact tech companies like Spotify and Facebook. Source By Chaka Technologies Read More

Cyberattacks in Africa: Financial Services Sector Remains a Top Targeted Industry - With digital transformation a top priority on the corporate agenda as companies identify new ways to grow their business, cyber attackers and opportunist cybercriminals remain very active. Source By Kaspersky Read More

Can Your PCs Self-Heal, Check Out the HP EliteBook PC Security - Remote work has your PC fleet out of sight, but endpoint security is on your mind more than ever. And you're not alone. A whopping 94% of surveyed cybersecurity pros say they're more concerned about security now than before COVID-19... Source By HP Inc. Read More

 

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PROSHARE FINANCE

Obi Cubana and the Oba Burial - The sociology of death and funerals is an important aspect of the African cosmogony. Parents pray that their children should outlive them in order to give them a befitting burial. Source By OpEd by Dr. Reuben Abati Read More

eTijar Set to Lead Innovation in the Nigerian Non-Interest Finance Market - eTijar is poised to lead innovation and deepen the Nigerian non-interest finance market, as it is working out modalities to be a full shariah-compliant ethical finance and wealth management fintech platform. Source eTijar Read More


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