Nigeria in 1min: Economic, Business and Financial Headlines – 231121

Nigeria in 1min: Economic, Business and Financial Headlines - 231121

Proshare Nigeria Pvt. Ltd.

COVID-19 Health Updates 21st of November 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory

Confirmed: 213,589 cases (New: 57)

Discharged: 206,518

Deaths: 2,974 (New: 1)

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


Axxela Announces Its Long-term Issuer and Issue Ratings Upgrade With a Stable Outlook from GCR – Axxela Limited ("Axxela"), one of Sub-Saharan Africa’s leading energy solutions provider today announced that Global Credit Ratings (GCR) has upgraded its National Scale Long-Term Issuer rating to "A-(NG)" and affirmed the Short-Term Issuer at "A2(NG)", with a Stable Outlook. Source Axxela Read More

CBN Issues Guidelines for the Agricultural Credit Guarantee Scheme – The Agricultural Credit Guarantee Scheme Fund was established by the Federal Military Government under the Agricultural Credit Guarantee Scheme Fund Decree 1977 (Decree No. 20) and as amended on 13th June 1988, and 26th June 2019. Source CBN Read More

GDP Slows at 4.03% in Q3 2021 as Base Year Effects Wane – The Q3 GDP report was released 7 days ahead of schedule. The growth rate even though slower than Q2 was a positive surprise to analysts and the markets. The economy grew by 4.03% (year-on-year) compared to 5.01% in Q2’21. Source FDC Read More Proshare Nigeria Pvt. Ltd. Exploring Incentives for the Nigerian Creative and Entertainment Industry – The Nigerian entertainment and creative industry has experienced massive growth over the last decade. According to the International Monetary Fund (IMF), the entertainment industry now accounts for 1.45% of Nigeria’s GDP. Source Rapheal Irenen of AELEX Read More

Nigeria can Resolve its Revenue Challenges through the Optimization of its National Assets – Nigeria’s fiscal challenges can be solved by optimizing idle national assets spread across the country. The CEO of Economic Associates, Dr. Ayo Teriba, claimed while fielding questions on "Nigeria and the Pathway to Sustained Economic Growth." Source Ottoabasi Abasiekong for WebTV Read More Proshare Nigeria Pvt. Ltd. PROSHARE MARKETS Lafarge Africa’s 9months 2021 Result: Rise in Earnings and Declining Debt – High costs in the cement industry rubbed off on Lafarge Africa in the first 9months of 2021. However, the profit of the company equally rose as the manufacturer was able to pass rising costs through to consumers resulting in revenue and profit growth above 20%, despite the challenging business environment. Source Adaeze Nwachukwu, Proshare Research Read […]

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