Nigeria in 1min: Economic, Business and Financial Headlines - 211021

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Thursday, October 21, 2021 / 5:58 AM / By News Aggregator / Header Image Credit: Aso Rock Villa

 

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  COVID-19 Health Updates

  • 19th of September 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 209,546 cases (New: 159)
  • Discharged: 197,546
  • Deaths: 2,838 (New: 0)

Source: NCDC Read More

 

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PROSHARE ECONOMY

Japan Asks OPEC for More Oil - Japan has approached OPEC producers and their partners in OPEC+ with a request for more output, Kyodo News reported this week, citing industry minister Koichi Hagiuda. The minister said the calls will continue until the next OPEC+ meeting, scheduled for November 4. Source Irina Slav of Oilprice.com Read More

External Debt Service Still Manageable; Amounted to US$299m in Q2 2021 - The DMO's latest quarterly data release shows that the FGN's external debt service payments amounted to USD299m in Q2 '21, consisting of USD157m and USD142m to market and non-market creditors respectively. Source FBNQuest Research Read More

Moody's Announces Completion of a Periodic Review of Ratings of Nigeria - Moody's Investors Service ("Moody's") reviews all of its ratings periodically in accordance with regulations either annually or, in the case of governments and certain EU-based supranational organisations, semi-annually. Source Moody's Investors Service Read More 

 

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PROSHARE MARKETS

Investors Gain N54.81bn as NSEASI Inches up by 0.26%, YTD Return Hits +2.43% - Equities market closed today on a positive note, as NGXASI appreciated by +0.26% to close at 41,249.71 basis points as against -0.71% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +2.43%. Source Proshare Markets Read More 

 

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PROSHARE BUSINESS

CSCS Board Re-appoints Haruna Jalo-Waziri for Another 5-Year Term - The Board of Directors of Central Securities Clearing System (CSCS) Plc has announced the reappointment of Mr. Haruna Jalo-Waziri as Managing Director/Chief Executive Officer for another term of five years, effective 01 November 2021. Source CSCS Plc Read More

Unlocking New Possibilities in The Workplace and Workforce of The Future - COVID-19 triggered a new work age and adapting the change thrust on us by the pandemic has created a need for organisations to reimagine the work, workforce, and workplace of the future. Today's technology and new sources of talent are unlocking new possibilities for what we refer to as the "Future of Work". Source Phillips Consulting Read More

Transcorp Emerges the Best World Class Energy and Power Brand of the Year 2021 - Transnational Corporation of Nigeria Plc ("Transcorp"), Nigeria's largest and most diversified conglomerate, announced on Thursday, October 14, 2021 that it received the International Standards Excellence Awards for Best World Class Energy/Power Brand of the Year 2021. Source Transcorp Read More

Road Transport Needs Quick Regulation - FG - The Federal Government on Tuesday described Nigeria's road transport sector as a completely disoriented industry that required urgent regulation. Source Punch Read More

'Tax Evasion': Tribunal Okays Multichoice's N8bn Deposit, Fixes Date to Hear Appeal Against FIRS - The tax appeal tribunal (TAT) has ruled that Multichoice Nigeria Limited met the conditions necessary to prosecute an appeal against the N1.8 trillion tax levied on it by the Federal Inland Revenue Service (FIRS). Source TheCable Read More

NCAA to Decommission 7,012 Masts Over N5.96 Billion Debt - The Nigeria Civil Aviation Authority (NCAA) has again threatened to decommission telecommunication masts belonging to operators that are indebted to the regulatory body. Source The Guardian Read More


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PROSHARE TECHNOLOGY   

CBN: Nigerians Will Use eNaira Without Internet-Enabled Phones - The Central Bank of Nigeria (CBN) says Nigerians without Internet-enabled phones will still make transactions on the eNaira platform. The apex bank disclosed this in a document title 'Design paper for the eNaira'. Source TheCable Read More

Alibaba Shares Soar After Jack Ma Reported on Europe Trip - Alibaba shares surged more than six percent on Wednesday after billionaire founder Jack Ma was reported to be in Europe, fuelling investor hopes that the worst of China's regulatory crackdown for the internet giant might be over. Source The Guardian Read More 

 

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PROSHARE FINANCE

Between Developing and Transforming the Insurance Industry: Who is Responsible? - Global discourse on economic rebounds, especially during post-crisis periods like we have had with the COVID-19 pandemic, focus on the efforts of governments to ensure the environment is safe for citizens to return to work and business and vigorously manage her fiscal policies to minimize the effect of inflation. OpEd By Ekerete Ola Gam-Ikon Read More


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