Nigeria in 1min: Economic, Business and Financial Headlines - 151021


Friday, October 15, 2021 / 5:55 AM / By News Aggregator / Header Image Credit: Facebook; Babajide Sanwo-Olu


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 COVID-19 Health Updates

  • 13th of September 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 208,404 cases (New: 251)
  • Discharged: 196,123
  • Deaths: 2,761 (New: 5)

Source: NCDC Read More

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OPEC Monthly Market Report: Nigeria Reports Marginal Production Uptick in September 2021 - In the recently released Organization of the Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (MOMR), there were series of changes in outlook for the global Oil market. Source CSL Research Read More

Energy Transition: Sahara Group to inject $1 billion into LPG Vessels, Infrastructure in Africa - Leading energy and infrastructure conglomerate, Sahara Group, will invest over 1billion USD to enhance access to Liquefied Petroleum Gas (LPG) in Africa and emerging economies in a bid to boost energy transition on the continent. Source Sahara Group Read More 

Nigeria not Generating Enough Revenue from Stamp Duty - FIRS - The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami, has decried the inefficiencies in the current stamp duty and capital gain tax collection system. Source Punch Read More

Reps Fault Budget Deficit, Loans, $57 Oil Benchmark, Threaten MDAs - The House of Representatives on Wednesday began the second reading of the 2022 Appropriation Bill during which members debated the general principles of the national budget. Source Punch Read More

National Development Plan Implementation to Gulp N350tn - Govt - The  Federal Government has said that the 2021 National Development Plan will require a total of N350tn for infrastructural projects over the next five years. Source Punch Read More

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Investors Gain N44.06bn as NSEASI Inches up by 0.19%, YTD Return Hits 2.13% - Equities market closed today on a positive note, as NGXASI appreciated by +0.19% to close at 41,129.98 basis points as against +0.38% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +2.13%. Source Proshare Markets Read More

NGX to Host 6th Market Data Workshop on November 03, 2021 - Nigerian Exchange Limited is set to host the 6thedition of its virtual Market Data Workshop, on Wednesday, 3 November 2021 at 10:00 am prompt. The virtual event is themed "How Market Data Powers Investment Strategies Using Derivatives Products." Interested participants can register to attend. Source NGX Read More

AXA Mansard Completes Capital Reconstruction Following NAICOM's Proposed Changes to Regulatory Requirement - AXA Mansard Insurance Plc, a member of AXA, a global leader in insurance and asset management has announced the conclusion of its regulatory-driven share capital increase process following NAICOM's proposed changes to minimum regulatory requirement on paid-up capital. Source AXA Mansard Read More


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PSL Capital Limited Announces Rebranding, Changes Name to Parthian Securities Limited - PSL Capital Limited, a leading indigenous broker/dealer firm, has completed a strategic rebranding effort as part of its accelerated company growth and renewal of its corporate vision. Source PSL Capital Limited Read More

NGX Announces Resignation of Oscar N. Onyema on the Back of the Imminent Listing of NGX Group - Nigerian Exchange Limited (NGX or The Exchange) has announced the resignation of Mr. Oscar N. Onyema, OON, as Non-Executive Director, effective immediately. Source NGX Read More 

WIMBIZ Celebrating Legacy @ 20; Unveils Conference Details - The 2021 conference aptly themed "Celebrating Legacy", has an interesting line-up of iconic events and legendary personalities to grace the week-long celebrations specially curated to spotlight the non-profit's 20-year contribution to elevating the status of women in Nigeria and Africa. Source WIMBIZ Read More

FG May Re-Award 11 Marginal Fields as PIA Implementation Intensifies - Eleven marginal field licences may be re-awarded to original owners over one year after the fields were revoked. The development is coming on the backdrop of the implementation of the Petroleum Industry Act, assented to months ago by President Muhammadu Buhari. Source The Guardian NG Read More

Reps Summon Zainab Ahmed, Hameed Ali Over Delay on $3.1bn e-Customs Project - The lawmakers also summoned Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), Zainab Ahmed, minister of finance, budget and national planning, chairman of technical committee on Comprehensive Import Supervision Scheme (CISS) and managing director of Adani Mega Systems Ltd, a firm, to appear before it. Source TheCable Read More

1,500 Exhibitors, 200,000 Visitors for Lagos Trade Fair - About 1,500 exhibitors from 16 countries and over 200,000 visitors are expected at the 2021 Lagos International Trade Fair. The 35th edition of the Fair organized by the Lagos Chamber of Commerce and Industry (LCCI) is scheduled to hold from November 5-14, 2021 at the Tafawa Balewa Square (TBS) in Lagos. Source Daily Trust Read More

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Proshare to Host a Webinar Focused on "Online Trading Beyond Nigeria" on November 03, 2021 - The webinar, which will focus on the theme "Online Trading beyond Nigeria: The Case for a Unified Exchange", will have has its Keynote Speaker, Lina Tonui, Project Manager, African Exchanges Linkage Project (AELP), amongst other representatives from the SEC, NGX Exchange, FMDQ, NASD, AFEX, CSCS, CFS West Africa Limited, fintech and tech infrastructure organisations. Source Proshare Read More 


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The Importance of Business Education to the Growth of Start-ups - Getting a lift on a business start-up has become increasingly difficult. Despite a slew of digital platforms that provide access to wider audiences, success is less about knowledge of the existence of these media than it is about the use of these platforms. Source Josephine Eriyo for WebTV Read More 


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