Nigeria in 1min: Economic, Business and Financial Headlines - 191021


Tuesday, October 19, 2021 / 5:50 AM / By News Aggregator / Header Image Credit: Aso Rock Villa


 Proshare Nigeria Pvt. Ltd.


  COVID-19 Health Updates

  • 18th of September 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory
  • Confirmed: 209,387 cases (New: 89)
  • Discharged: 197,312
  • Deaths: 2,838 (New: 1)

Source: NCDC Read More


 Proshare Nigeria Pvt. Ltd.


Click Here to Read Latest News Updates


 Proshare Nigeria Pvt. Ltd.


GDP by Expenditure: Real GDP Improved to 5.01% in Q2 2021 - NBS - The Gross Domestic Product (GDP) can be derived as the value of all goods and services available for final uses and export. GDP at market prices includes net taxes on products; taxes are subtracted to obtain basic price GDP. Source NBS Read More

My Credit Investments Limited (FairMoney) Receives Investment Grade Ratings from GCR - FairMoney Nigeria, a digital bank, has obtained investment-grade ratings, BBB (NG) Long Term, and A3 (NG) Short Term with a stable outlook by Global Credit Rating (GCR). Source FairMoney Read More

27th Nigerian Economic Summit to Debate Best Strategy for National Poverty Reduction - The 27th Nigerian economic summit scheduled for October 25th and 26th, 2021, will feature a lively debate on the best strategy for 'National Poverty Reduction'. Mrs. Aisha Waziri Ahmed, a member of the technical committee for the summit, disclosed this in a conversation on preparations for the event. Source Ottoabasi Abasiekong for WebTV Read More 

FG Personnel Cost Rises by 79.48%, Gulps N13.2tn in Four Years - The amount budgeted for personnel costs has increased from N2.29tn spent in 2019 to N4.11tn in the proposed 2022 budget, according to data obtained from the budget implementation report of the Federal Government. Source Punch Read More

2022 Budget: Senate Committees to Submit Reports by Nov 24 - The Senate has ordered its Standing Committees to submit budget reports to the Appropriations Committee by November 24, 2021. This is contained in the budget hearings guideline released by the chairman, Senate Committee on Appropriation, Senator Barau Jubril, after meeting with all Standing Committees chairmen. Source LeadershipNG Read More

Zainab Ahmed: Finance Ministry Working with CBN to Close Exchange Rates Gap - Zainab Ahmed, minister of finance, budget and national planning, says the fiscal authority ministry is working with the Central Bank of Nigeria (CBN) to close the gap between the official and unofficial exchange rates. Source TheCable Read More

Proshare Nigeria Pvt. Ltd.

Click Here to Read More News on Economy


Proshare Nigeria Pvt. Ltd. 



Investors Lose N153.15bn as NSEASI Dips by 0.71%, to Open the Week Negative - Equities market closed today on a negative note, as NGXASI depreciated by -0.71% to close at 41,144.67 basis points as against +0.19% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +2.17%. Source Proshare Markets Read More

Why Investor-Driven Credit Rating are Key to a Viable Fixed Income Market - A forward-looking regulatory environment and an investor-driven credit rating system are vital for Nigeria's fixed-income market growth. This formed part of the key takeaways from stakeholders at the Datapro and Association of Issuing Houses in Nigeria, AIHN event. Source Ottoabasi Abasiekong for WebTV Read More

NAFEX Rate Depreciated by 0.10% WoW to N413.40 from N412.98 - In the FX Spot and Derivatives markets, the total turnover for the week-ended October 15, 2021, was $1,569.08 million, representing an increase of 57.47% ($572.63 million) from $996.44 million reported for the week-ended October 8, 2021. Source FMDQ Read More

Grains Dip Further Amid Early Harvest- AFEX Commodities Weekly Report 181021 - The Exchange witnessed low activities last week. In the open market, Soybean was down by 11% w-o-w followed by Paddy rice and Ginger with a respective share of 4.52 and 4.58 following early harvest for commodities. Source Kainosedge Consulting for AFEX Commodities Exchange Read More

Average Yield Dipped 7bps WoW to 5.20% Following PMA - Last week, the Nigerian Treasury Bills ("NT-Bills") secondary market furthered its bullish performance for a third consecutive week. This was on the back of sustained demand which was triggered by unmet Primary Market Auction ("PMA") bids. Source Afrinvest Research Read More 

Proshare Nigeria Pvt. Ltd. 

Click Here to Read More News on Markets


Proshare Nigeria Pvt. Ltd. 



''RIBS'' Investment: NIPC Assures Ekiti Of Technical Support - Acting Executive Secretary/CEO, Nigerian Investment Promotion Commission (NIPC), Mr. Emeka Offor, last Thursday, assured the Ekiti State government of the Commission's support to drive Responsible, Inclusive, Balanced and Sustainable (RIBS) investments to Ekiti State. Source NIPC Read More

Leadership in the 21st Century: How to Future-Proof your Organization - Leadership has been described as that single and consistent factor in defining, shaping, and directing the success of an entity. Regardless of size, every organisation requires strong and effective leadership to traverse and navigate the complexities that life presents. Source Joshua Ademuwagun, Head of Advisory, People Transformation, Phillips Consulting Read More 

Power Firms' Quarterly Revenue Hits N181bn on Tariff Hike - Buoyed by the hike in electricity tariff, the revenue collected by power distribution companies in Nigeria rose by 42.3 per cent in the first quarter of this year, compared to the same period of 2020. Source Punch Read More

Bi-Courtney Indicates Interest in Airport Terminals Concession - Bi-Courtney Aviation Services Limited (BASL), operator of Murtala Muhammed Airport, Lagos Terminal Two (MMA2), has indicated interest to bid in the ongoing concession of four international airport terminals. Source TheCable Read More

Food Security: FG, FAO Sign $0.35m MoU to Boost Drip Irrigation - The Food and Agriculture Organisation (FAO) has provided a $350,000 Technical Cooperation Programme (TCP) to the federal government to help promote the drip irrigation system at selected irrigation schemes in the country. Source THISDAYLIVE Read More

Proshare Nigeria Pvt. Ltd. 

Click Here To Read More News on Business

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 - 181021

2.       Nigeria in 1min: Economic, Business and Financial Headlines - 181021

Related News