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Tuesday, January 26, 2021 / 6:00 AM / By News Aggregator / Header Image Credit: Twitter; @Opetuyii
COVID-19 Health Updates
Source: NCDC Read More
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PROSHARE ECONOMY
Finance Act 2020 And Its Impact on Employment Tax - President Muhammadu Buhari, on 31 December 2020, signed into law, the 2021 Appropriation Act and the 2020 Finance Act. The Finance Act, 2020 (the Act) amends portions of various extant tax provisions, including that of the Personal Income Tax Act (PITA), Cap P8, LFN, 2007 (as amended by the Personal Income Tax (Amendment) Act, 2011). Source Deloitte Read More
PIB Will Ensure
Nigerians Benefit Optimally from Oil and Gas Resources - Ahmed Lawan - President of the Senate, Ahmad Lawan, has said
that the Petroleum Industry Bill (PIB) presently before the National Assembly
will ensure that Nigerians benefit optimally from crude oil production and the
sale of fossil fuel reserves. Lawan stated this on Monday while declaring open
a 2-day public hearing on the bill by the National Assembly. Source Senate Read More
Communique - Meeting of
the SW Governors, MACBAN and Security Agencies - communique issued at the
end of the meeting of the governors' forum with the leadership of Miyetti-Allah
cattle breeders association of Nigeria (MACBAN) and the heads of security
agencies on emerging security challenges in the south-west geo-political zone,
held at the international culture and event centre (dome), akure, Ondo State on
monday, 25th january, 2021. Source communique Read
More
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PROSHARE MARKETS
AFEX 2020 Review and 2021 Outlook Nigerian Commodities Space Not Immune to the Impact of COVID-19 - The outbreak of the novel coronavirus, COVID-19, in 2020 brought about some unprecedented shocks to the global economy. The effect of the pandemic was unique given its adverse impact on supply chains and global demand of commodities. Source AFEX Read More
Ecobank Nigeria
Secures N50bn 10-Year Subordinated Loan - Ecobank Transnational Incorporated
("ETI"), the parent of the Ecobank Group, announces that one of its
significant subsidiaries, Ecobank Nigeria, secured N50 billion, 10-Year
bilateral subordinated loan. Source NSE Read More
Domestic and
Foreign Portfolio Participation in Equity Trading - December 2020 - On a monthly basis, The Nigerian Stock Exchange
polls trading figures from market operators on their Domestic and Foreign
Portfolio Investment (FPI)4 flows. As at 31 December 2020, total transactions
at the nation's bourse decreased by 15.28% from N317.81billion (about
$813.87million) in November 20205 to N269.24billion (about $687.06million) in
December 20206. Source NSE Read More
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PROSHARE BUSINESS
Refineries Shut for 15 Straight Months,
Lose N152.08bn -
The nation's refineries lost a total of N152.08bn in
15 consecutive months of being idle, the latest data from the Nigerian National
Petroleum Corporation have shown. Analysis of data collated from NNPC monthly
reports revealed that all the refineries did not refine crude oil from July
2019 to September 2020. Source Punch Read
More
Oil'll
Retain Largest Share in Energy Mix - OPEC - The
demand for crude oil is projected to increase by about nine million barrels per
day in future, as oil will continue to retain its largest share in the global
energy mix, the Organisation of Petroleum Exporting Countries has said. Source Punch
Read
More
Senate
Queries NBET's N50bn Escrow Account - The
Senate Public Account Committee has asked the Nigeria Bulk Electricity Trading
Plc to explain how it managed the N50bn in its Escrow Account. The chairman of
the committee, Senator Matthew Urhoghide, issued the directive based on the
2015 audit report submitted to it by the Office of the Auditor General for the
Federation. Source Punch Read More
Oil
Export Revenue Declines 41% - REVENUE from oil export
fell by a whopping 41.44 percent to $2.033 billion in the first nine months of
2020, compared to $3.47 billion received in the corresponding period of 2019,
data from the Nigerian National Petroleum Corporation, NNPC, has revealed. Source
Vanguard Read
More
Fed
Set to Look Beyond Possible Post-Pandemic Inflation shock - Between the closed theaters and restaurants, the prices slashed by
airlines and half-empty hotels, and the government benefits paid or in the
pipeline, Americans may have as much as $2 trillion in extra cash socked away
by this spring. Source Reuters Read More
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PROSHARE TECHNOLOGY
Subscribers Kick as FG Extends NIN-SIM Integration - Telecoms subscribers under
the aegis of the National Association of Telecoms Subscribers (NATCOMS) have
called on President Muhammadu Buhari and the Executive Vice Chairman of the
Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta. Source THISDAYLIVE
Read
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PROSHARE MSME
2021:
Establishment of Enterprise Hubs Will Unlock Growth for MSMEs in Nigeria - Seye
Olurotimi - Intentional
Policies driven by the Federal and State Governments towards establishing
Enterprise Hubs across the nation will unlock the growth of Micro, Small, and
Medium Enterprises, MSMEs in Nigeria. Mr. Oluseye Olurotimi Founder/President
of MSME Africa advocated for this in a conversation on "How Nigerian MSMEs
Can Scale Growth In 2021". Source WebTV Read More
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MSME
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