Nigeria in 1min: Economic, Business and Financial Headlines – 121121

Proshare Nigeria Pvt. Ltd.

COVID-19 Health Updates 11th of November 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory

Confirmed: 212,947 cases (New: 53)

Discharged: 205,000

Deaths: 2,933 (New: 11)

Proshare Nigeria Pvt. Ltd. Proshare Nigeria Pvt. Ltd. PROSHARE ECONOMY

Guidelines on Simplified VAT Compliance Regime for Non-Resident Suppliers – The Federal Inland Revenue Service (FIRS) has issued Information Circular No.: 2021/19 ("the Circular") on Guidelines on Simplified Compliance Regime for Value Added Tax (VAT) for Non-Resident Suppliers (NRSs) of goods, services or intangibles to persons in Nigeria through electronic, digital or similar platforms. Source Wole Obayomi Read More

FG Planning to Replace Fuel Subsidy with Transport Palliative – Minister – The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has described fuel subsidy as a major waste and a drain on the Nigerian economy,saying the government plans to replace it with transport subsidy to assuage the effect of its removal on the masses for a short period. Source Punch Read More

House Suspends National Theatre’s Budget, to Review Privatisation Deal – The House of Representatives’ Committee on Tourism and Culture has suspended action on the proposed 2022 budget of the National Arts Theatre Lagos, saying the Federal Government should not continue to spend huge sums of money on the facility when it has been privatised. Source Punch Read More

BPP, Lawmakers Disagree Over Funding, Recruitment – There was a mild drama at the House of Representatives on Thursday when the Deputy Chairman of the Committee on Public Procurement, Uju Kinsley, disagreed with the Director-General of the Bureau for Public Procurement, Mamman Ahmadu, that N50m was enough for audit of the bureau’s procurements in 2022. Source Punch Read More

Proshare Nigeria Pvt. Ltd. PROSHARE MARKETS Investors Lose N82.46bn as NGXASI Dips by 0.36%, Sentiment Remains Negative – Equities market closed on a negative note, as NGXASI depreciated by -0.36% to close at 43,549.28 basis points as against -0.05% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +8.14%. Source Proshare Markets Read More SEC, Stakeholders Harp on Global Acceptance of Nigeria’s Commodities – The Securities and Exchange Commission (SEC), among other stakeholders have demanded improved standard of locally produced commodities and take into cognizance internationally accepted standards. Source THISDAYLIVE Read More Proshare Nigeria Pvt. Ltd. PROSHARE BUSINESS What do Investment Advisers do? […]

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