Nigeria in 1min: Economic, Business and Financial Headlines - 041120


Wednesday, November 4, 2020 / 6:00 AM / By News Aggregator / Header Image Credit: Raw Story


Proshare Nigeria Pvt. Ltd.

COVID-19 Health Updates

  • 3rd of November 2020: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 63,173 cases (New: 137)
  • Discharged:  59,634
  • Deaths: : 1,151 (New: 4)

Source: NCDC Read More

Proshare Nigeria Pvt. Ltd.

Click Here to Read Latest News Updates

Proshare Nigeria Pvt. Ltd. 


#EndSARS: The Aftermath - The #EndSARS protests which lasted for about two weeks until the crisis in Lagos on October 20, 2020, now known as the Black Tuesday in Nigeria's contemporary history, may have abated, with the disappearance from Nigerian streets of the horde of protesters, looters, hijackers, and miscreants. Source OpEd by Reuben Abati Read More

US Dollar Eurobond Yields Now Higher Than Naira Yields? - Which has the higher yield, the Federal Government of Nigeria's (FGN) Naira-denominated debt, or its US dollar-denominated debt? After a huge rally in the Naira T-bill and FGN bond market this year, the answer is the US dollar-denominated debt. Source Coronation Research Read More

Take the Stress Out of Election-Related Market Indecision and Uncertainty with Covesting - Fear, uncertainty, and doubt are the worst enemies of investors and traders. When these emotions begin to creep up due to economic, political, or market conditions, volatility kicks into overdrive, and things get messy. Source PrimeXBT Analysis Read More

Why Oil Markets Aren't Focused on The Election - OIR 031120 - The world is holding its breath as American voters head to the polls. The oil market, however, likely won't see much influence on prices either way, at least not immediately. Near-term price movements will be much more influenced by COVID-19 and other market fundamentals. Source Toam Kool of Oilprice Read More


Click Here to Read More News on Economy

Proshare Nigeria Pvt. Ltd.


Investors Gain N132.80bn as NSEASI Inches Up by 0.83% Amid Renewed Bargain Hunting - Equities market closed today on a positive note, as NSEASI appreciated by +0.83% to close at 30,733.47 basis points as against -0.17% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +14.50%. Source Proshare Markets Read More

S&P 500 Futures Surge as Trump Leads in Florida - U.S. stock futures jumped late on Tuesday as President Donald Trump narrowly led Democratic rival Joe Biden in the vital swing state of Florida, with investors hoping for a quick resolution that clears the way for fiscal stimulus to help the coronavirus- stricken economy. Source Reuters Read More

Global Stocks Swing Higher, Bonds Rally as U.S. Vote Goes to The Wire - Share markets swung between losses and gains in wild Asian trading on Wednesday as results from the U.S. presidential election proved far closer than polls had predicted, leaving the outcome utterly in doubt. Source Reuters Read More 

Jack Ma's Blunt Words Just Cost Him $35 Billion - Jack Ma is a very busy man. China's richest man has been busy launching the world's biggest IPO. He has been busy preparing for Alibaba Group Holding Ltd.'s grandest four-day Double Eleven shopping extravaganza. And yet two weeks ago, Ma somehow found the time to opine on China's banking system at a high-profile financial forum in Shanghai, once again throwing himself into the eye of the storm. Source Bloomberg Read More

Click Here to Read More News on Markets


Proshare Nigeria Pvt. Ltd.



Ngozi Okonjo-Iweala: Best Woman for the WTO Job - The emergence of Dr. Ngozi Okonjo-Iweala as the consensus candidate for the position of the Director General of the World Trade Organization (WTO) has been held up by the last minute objection of the United States. Source OpEd by Reuben Abati Read More

FG Seeks Fresh $1.2bn Loan From Brazil - The Federal Government is seeking a $1.2bn external borrowing from China to finance agricultural programmes in the 2021 budget. A request for approval has also been transmitted to the National Assembly. Source Punch Read More

COVID-19 Crisis Threatening Rights of Workers, ILO Warns - The International Labour Organisation has warned that the novel coronavirus pandemic is putting the freedom and rights of workers at risk. The organisation in a new document published by the Fundamentals Branch of ILO said many countries faced rising poverty, inequality and vulnerability as a result of the crisis. Source Punch Read More

Click Here To Read More News on Business


Proshare Nigeria Pvt. Ltd.



NCC Assigns 357 Million Telephone Numbers to Operators - The Nigerian Communications Commission has assigned 357.53 million new telephone numbers for the use of telecommunications operators. The new telephones numbers were added in the third quarter of 2020 and belonged to about 32 licensed telecom operators, as contained in the NCC's Q3 2020 National Numbering Plan. Source Punch Read More 


Click Here to Read More News on Technology

Proshare Nigeria Pvt. Ltd. 



NMRC Issues N10bn Bond to Boost Industry Liquidity - The Nigeria Mortgage Refinance Company (NMRC) has concluded a N10 billion 7.20% Series 3 Fixed Rate Bond to boost funding for affordable mortgage. The 2020 Bond issuance comes under the company's NMRC N440bn Medium Term Note Programme and follows its 2018 N11 billion 13.80% Series 2 Bond and its very first N8bn 14.9% Series 1 Bond issued in 2015. Source CSL Research Read More


Click Here to Read More News on Finance

Proshare Nigeria Pvt. Ltd. 


Proshare Nigeria Pvt. Ltd. Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd. 

Related News

1.          What To Expect From The Markets This Week - 021120

2.         Nigeria in 1min: Economic, Business and Financial Headlines - 021120

3.         Nigeria in 1min: Economic, Business and Financial Headlines - 031120

Related News