Nigeria in 1min: Financial, Enterprise and Monetary Headlines

Friday, December 03, 2021 / 6:00 AM / By Information Aggregator / Header
Picture Credit score: 
The Chartered Institute of Bankers of Nigeria – CIBN




  COVID-19 Well being Updates

  • 1st of December 2021: Nigeria COVID-19 Standing in 36 states and the Federal Capital Territory
  • Confirmed: 214,270 instances (New: 52)
  • Discharged: 207,312
  • Deaths: 2,978 (New: 1)

Supply: NCDC Learn Extra


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Fitch Charges
Warranty Belief Holding Firm ”B”; Outlook Steady –
Fitch Rankings has assigned Nigeria-based Warranty
Belief Holding Firm Plc (GTCO) a Lengthy-Time period Issuer Default Ranking (IDR) of ‘B’
with a Steady Outlook and a Viability Ranking (VR) of ‘b’. Supply Fitch Rankings
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Moody’s Modifications
Nigeria’s Outlook to Steady, Affirms B2 Rankings –
Moody’s Buyers Service (“Moody’s”)
has at this time modified the outlook on the Authorities of Nigeria to secure from
adverse and affirmed its long-term issuer and senior unsecured scores at B2.
Moody’s additionally affirmed the Authorities of Nigeria’s (P)B2 senior unsecured
medium-term be aware program ranking. Supply Moody’s Buyers Service
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Modifications Outlook to Steady on 3 Nigerian Corporates Following Sovereign Ranking
Motion –
The ranking actions observe Moody’s sovereign outlook change of the
Authorities of Nigeria’s scores on 29 November to secure from adverse and
affirmation of the B2 long-term foreign-currency issuer scores. Nigeria’s Ba3
local-currency and B2 foreign-currency ceilings stay unchanged. Supply
Moody’s Buyers Service
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Buhari Transmits Finance Invoice to NASS for 2022 Funds
The President, Main
Common Muhammadu Buhari (retd.), has transmitted the Finance Invoice 2021 to the
Nationwide Meeting for consideration and passage to present authorized backing to some
of the proposals within the 2022 Appropriation Invoice at the moment earlier than the parliament.
Supply Punch Learn

Airport Concession: ICRC Completes Analysis of
Bi-Courtney, 12 Native, International Corporations –
The Impartial Concession and Regulatory Fee,
the Federal Authorities company supervising the concession of the nation’s 4
fundamental worldwide airports, has accomplished the analysis of 13 corporations that
have submitted Requests for Qualification to take part within the bidding
course of. Supply Punch Learn

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Buyers Eyeball MTN Nigeria’s 575m Models New Supply – Within the wake of world company
repositioning, MTN has determined to shake up the investor composition of its
Nigerian operation by promoting off a further 575m items to native Nigerian
buyers. The transfer comes off the again of its itemizing on the Nigerian Trade
Restricted (NGX) in 2019. Supply Adaeze Nwachukwu, Proshare Analysis
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Buyers Lose N112.28bn as NGXASI Dips by -0.51%, Sentiment
Stays Damaging –
Equities market closed on a adverse be aware, as NGXASI depreciated by
-0.51% to shut at 42,247.98 foundation factors as in opposition to -1.81% depreciation recorded
beforehand. Its Yr-to-Date (YTD) returns at the moment stands at +4.91%. Supply
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Omicron Will increase Progress Dangers and Policymaking Challenges – It’s too quickly to include the
results of the Omicron coronavirus variant into our financial progress forecasts
till extra is understood about its transmissibility and severity, Fitch Rankings
says. Supply Fitch Rankings
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UAE Bizmen Make investments $2bn in
Nigerian Mining Sector –
Buyers from the United Arab Emirates have
pledged $2bn value of investments into the Nigerian mining sector because the
aftermath of the Africa-UAE Commerce and Funding discussion board. Supply Punch Learn

OPEC+ Retains Month-to-month Oil Output
Improve by 400,000bpd Amid Omicron issues –
The brand new
choice is for oil manufacturing in January 2022. The oil cartel made the
choice on the twenty third OPEC and non-OPEC ministerial assembly (ONOMM) held on-line
on Thursday. The month-to-month assembly by the alliance is held primarily to evaluate
oil output to ‘guarantee a secure and balanced oil market’. Supply TheCable Learn


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