Daily Briefing

Daily Briefing

Stears Financial Journalists

Bio

The Daily Briefing offers quick analyses of a curated selection of news stories. Every weekday morning, readers get 1-minute easily digestible updates, packed with insight you won't find anywhere else.

Social Media

Daily Briefing: Oil and Gas Unions threaten three-day strike

Finance - 23 JUN 2020

Daily Briefing: Oil and Gas Unions threaten three-day strike

23 Jun 2020: Oil and Gas unions threaten strike; Pension fund records decline; Plentywaka launches logistics arm for businesses in Lagos.

Daily Briefing: CBN withdraws ₦216 billion from banks

Finance - 22 JUN 2020

Daily Briefing: CBN withdraws ₦216 billion from banks

22 Jun 2020: CBN moves to reduce excess liquidity; Access Bank MD increases shareholding; Lagos sets new requirements for real estate agents.

Daily Briefing: Domestic flight resumption date postponed

Finance - 19 JUN 2020

Daily Briefing: Domestic flight resumption date postponed

19 Jun 2020: Domestic flight resumption date postponed; Over $2bn needed to replace Kaduna refinery pipeline; China to forgive African debt

Daily Briefing: New electricity tariffs to take effect from July

Finance - 18 JUN 2020

Daily Briefing: New electricity tariffs to take effect from July

18 Jun 2020: New electricity tariffs starts July; Nigeria signs Healthcare MOU with North Korea; Visa launches campaign to support small businesses.

Daily Briefing: NBET director sacked again

Finance - 17 JUN 2020

Daily Briefing: NBET director sacked again

17 Jun 2020: Minister of power sacks NBET boss; FG suspends ExecuJet for illegal flight operation

Daily Briefing: Resident doctors begin indefinite strike

Finance - 16 JUN 2020

Daily Briefing: Resident doctors begin indefinite strike

16 Jun 2020: Doctors begin indefinite strike; Credit Bureau launches real-time credit info submission; WhatsApp adds digital payment option.

Daily Briefing: Beijing imposes new partial lockdown

Finance - 15 JUN 2020

Daily Briefing: Beijing imposes new partial lockdown

15 Jun 2020: Beijing imposes a partial lockdown; NNPC orders reduction of oil price production costs; Netflix signs new deal with Ebonylife films.

Daily Briefing: Osinbajo submits ₦2.3 trillion sustainability plan

Finance - 12 JUN 2020

Daily Briefing: Osinbajo submits ₦2.3 trillion sustainability plan

12 Jun 2020: Osinbajo submits sustainability plan; Unity Bank announces ₦3.6 billion profit; Multichoice to integrate streaming services.

Daily Briefing: Reps approve new 2020 budget of ₦10.8 trillion

Finance - 11 JUN 2020

Daily Briefing: Reps approve new 2020 budget of ₦10.8 trillion

11 Jun 2020: Reps approve revised 2020 budget; Oil price increase unsustainable - NNPC; APM terminals, NRC to restore train cargo transportation.

Daily Briefing: Trade deficit reduces for the second consecutive quarter

Finance - 10 JUN 2020

Daily Briefing: Trade deficit reduces for the second consecutive quarter

10 Jun 2020: Nigeria experienced another trade deficit; DHL Express acquires a minority shareholding in Link Commerce; NERC queries seven discos.

Daily Briefing: WB predicts the worst recession since WWII

Finance - 09 JUN 2020

Daily Briefing: WB predicts the worst recession since WWII

9 Jun 2020: Global economy to shrink by 5.4% in 2020; NERC increases price of meters by 21%; BUA cement announces 25% revenue increase in Q1 2020.

Daily Briefing: AfDB approves $288.5 million loan to Nigeria

Finance - 08 JUN 2020

Daily Briefing: AfDB approves $288.5 million loan to Nigeria

8 Jun 2020: AfDB approves $288.5million loan to Nigeria; OPEC to extend production cuts; PricePally's users increase 213%.

Daily Briefing: Lagos State records ₦163.2 billion revenue in Q1 2020

Finance - 05 JUN 2020

Daily Briefing: Lagos State records ₦163.2 billion revenue in Q1 2020

05 Jun 2020: Lagos records 56% of projected revenue; FEC approves ₦2 billion consultancy fee; DPR restrained from auctioning 8 marginal oil fields.

Daily Briefing: FG reduces education and health spending

Finance - 04 JUN 2020

Daily Briefing: FG reduces education and health spending

04 Jun 2020: Education and health spending reduced; Nigeria urged to comply with OPEC oil cut quotas; Five airports to begin operations.

Daily Briefing: DPR starts marginal field auction

Finance - 03 JUN 2020

Daily Briefing: DPR starts marginal field auction

03 Jun 2020: DPR starts auction of 57 marginal oil fields; Reps approve FG 's $22.8bn; Shoprite to pay $10m to AIC.

DB: Petrol price; Re-opening businesses; Ebola outbreak

Finance - 02 JUN 2020

DB: Petrol price; Re-opening businesses; Ebola outbreak

2 Jun 2020: Petrol price adjusted to ₦123.50 per litre; FG modifies rules for business and flight resumption; Fresh Ebola outbreak in Congo.

DB: Manufacturing PMI; Google's ‘Plus Codes’; NNPC board

Finance - 01 JUN 2020

DB: Manufacturing PMI; Google's ‘Plus Codes’; NNPC board

1 Jun 2020: Business performance index drops; Google launches digital addresses; Buhari approves reconstitution of NNPC board.

DB: NCAA guidelines; MPR reduction; Siemens contract

Finance - 29 MAY 2020

DB: NCAA guidelines; MPR reduction; Siemens contract

29 May 2020: NCAA sets guidelines for international flights; MPR reduced to 12.5%; Siemens power contract.

DB: CBN approves debt reliefs; Bolt raises ₦50.1 billion; AfDB to probe Adesina

Finance - 28 MAY 2020

DB: CBN approves debt reliefs; Bolt raises ₦50.1 billion; AfDB to probe Adesina

28 May 2020: CBN approves moratoriums; Bolt raised $109 million from Naya; AfDB agrees to probe Adesina

DB: UK airline fined; ECOWAS' electricity project; Nigeria's capital importation

Finance - 27 MAY 2020

DB: UK airline fined; ECOWAS' electricity project; Nigeria's capital importation

27 May 2020: FG fines UK airline; ECOWAS to complete electricity project in 2023; Capital imports at $5.8bn

DB: Imo reduces RoW; Inflation rate rises; Plentywaka's staffbus solution

Finance - 22 MAY 2020

DB: Imo reduces RoW; Inflation rate rises; Plentywaka's staffbus solution

22 May 2020: Imo approves ₦145 RoW; Nigeria’s inflation rate rises; Plentywaka launches staff bus solutions

DB: Petrol marketers; BUA's profit; Lagos doctors

Finance - 21 MAY 2020

DB: Petrol marketers; BUA's profit; Lagos doctors

21 May 2020: Petrol marketers can now import fuel; BUA Cement Plc increased profit; Lagos doctors on strike

DB: Electricity demand; Dellyman's growth; Nigeria vs P&ID

Finance - 20 MAY 2020

DB: Electricity demand; Dellyman's growth; Nigeria vs P&ID

20 May 2020: Electricity demand reduces; Dellyman customers grow by 91%; Nigeria to access P&ID case documents

DB: Oil price; Uber's lay-offs; Lagos businesses

Finance - 19 MAY 2020

DB: Oil price; Uber's lay-offs; Lagos businesses

19 May 2020: Oil price at 2-month high; Uber cuts 3000 more jobs; Lagos businesses lose about ₦2.7 billion

DB: Aviation agencies; SPE vs FG; VAT revenue

Finance - 18 MAY 2020

DB: Aviation agencies; SPE vs FG; VAT revenue

18 May 2020: Aviation agencies to relocate; Society of Petroleum Engineers criticises FG; VAT revenue increase

DB: Ekiti's ROW charge; IATA travel outlook; 2020 budget reductions

Finance - 15 MAY 2020

DB: Ekiti's ROW charge; IATA travel outlook; 2020 budget reductions

15 May 2020: Ekiti approves ₦145 ROW charge; IATA predicts low travel demand; 2020 budget cut by ₦70 billion

DB: Airtel Nigeria’s results; Jumia's Q1 results; Forex reserve increases

Finance - 14 MAY 2020

DB: Airtel Nigeria’s results; Jumia's Q1 results; Forex reserve increases

14 May 2020: Airtel Nigeria grows revenue by 27%; Jumia reports Q1 results; Forex reserve increases

DB: Power generation improves; Q1 FAAC allocation; Google’s mobility report

Finance - 13 MAY 2020

DB: Power generation improves; Q1 FAAC allocation; Google’s mobility report

13 May 2020: Power generation improves; FAAC allocation for Q1 highest; Google’s mobility report

DB: Facebook's business support feature; Scarce dollars affect MAN; Saudi Arabia to cut production

Finance - 12 MAY 2020

DB: Facebook's business support feature; Scarce dollars affect MAN; Saudi Arabia to cut production

12 May 2020: FB's business support feature; Scarce dollars affect MAN; Saudi Arabia to cut oil production

DB: Nigerians' consumption; WRPC workers; Retail losses

Finance - 11 MAY 2020

DB: Nigerians' consumption; WRPC workers; Retail losses

11 May 2020: Nigerians non-food consumption; Sacked WRPC workers; Projected decline in retail sales

DB: Discos pay NBET; Licence fee waiver; AfCFTA to begin in January

Finance - 08 MAY 2020

DB: Discos pay NBET; Licence fee waiver; AfCFTA to begin in January

08 May 2020: Discos pay NBET 27% of debt; licence fee waived for broadcast stations; AfCFTA to begin January

DB: Petrol now ₦108; Flight ban extended; 2020 budget revised

Finance - 07 MAY 2020

DB: Petrol now ₦108; Flight ban extended; 2020 budget revised

07 May 2020: NNPC reduces petrol price by 4%; FG extends flight ban; Finance ministry revisits 2020 budget

DB: Abacha loot; Stranded Cocoa; DStv subscription

Finance - 06 MAY 2020

DB: Abacha loot; Stranded Cocoa; DStv subscription

06 May 2020: Mambilla power station to get Abacha loot; Cocoa stranded at Lagos ports; DStv's new subscription

DB: Vodacom launches 5G; 40% of Nigerians are poor; Amazon's engineer resigns

Finance - 05 MAY 2020

DB: Vodacom launches 5G; 40% of Nigerians are poor; Amazon's engineer resigns

05 May 2020: 1st African 5G launched; 40% of Nigerians live on ₦380 daily; Amazon’s senior engineer resigns

DB: Uber plans face mask policy; CBN suspends lay-offs; CO2 emissions to drop

Finance - 04 MAY 2020

DB: Uber plans face mask policy; CBN suspends lay-offs; CO2 emissions to drop

04 May 2020: Uber plans face mask policy for drivers; CBN suspends lay-offs; CO2 emissions to drop in 2020

DB: FG abolishes agencies; Shell cuts dividend; US blacklists Amazon

Finance - 01 MAY 2020

DB: FG abolishes agencies; Shell cuts dividend; US blacklists Amazon

1 May 2020: FG abolishes 38 agencies; Shell cuts dividend to 16 cents; US blacklists 5 Amazon foreign websites

DB: CBN and forex; MTN's profit increased; Workstation's dollar rent

Finance - 30 APR 2020

DB: CBN and forex; MTN's profit increased; Workstation's dollar rent

30 April 2020: Resumption of FX sales; MTN's PAT improves; Workstation now rents in dollars

DB: ₦850bn loan approved; Alibaba group thrives; BOI cut rates

Finance - 29 APR 2020

DB: ₦850bn loan approved; Alibaba group thrives; BOI cut rates

29 Apr 2020: FG’s ₦850bn loan approved; Coronavirus consolidates Alibaba's expansion plans; BOI rates now 8%

DB: Online film festival; Polaris Bank's results; Possible Naira devaluation

Finance - 28 APR 2020

DB: Online film festival; Polaris Bank's results; Possible Naira devaluation

Digital film festival; Polaris Bank posts strong results; A possible naira devaluation

DB: FIRS demands taxes; Declining diaspora remittances; Banks at risk

Finance - 27 APR 2020

DB: FIRS demands taxes; Declining diaspora remittances; Banks at risk

FIRS wants early tax payments; Diaspora remittances to decline; Oil slump threatens banks

DB: NNPC's oil production; Falling commodity prices; Nigerian Breweries Q1 report

Finance - 24 APR 2020

DB: NNPC's oil production; Falling commodity prices; Nigerian Breweries Q1 report

Nigeria's oil production might halt, Commodity prices fall worldwide, Nigerian Breweries releases Q1 results

How to join the Stears Business WhatsApp Channel

Finance - 23 APR 2020

How to join the Stears Business WhatsApp Channel

A new way to connect with us

DB: Google's free listing; CBN ₦50bn credit; GTBank's PBT

Finance - 23 APR 2020

DB: Google's free listing; CBN ₦50bn credit; GTBank's PBT

Businesses to list free on google, CBN commences targeted credit facility and GTBank releases Q1 results

DB:  Coca-Cola's sales dip; CPI increases; Peak energy generation

Finance - 22 APR 2020

DB: Coca-Cola's sales dip; CPI increases; Peak energy generation

Coca-cola's sales dip 25%; CPI increases; Peak energy generation

DB: UAC posts loss; Ghana ease lockdown, WTI crash

Finance - 21 APR 2020

DB: UAC posts loss; Ghana ease lockdown, WTI crash

Gala makers record 3% loss, Ghana eases lockdown restrictions; and WTI oil fall below $0

DB: WorldBank funding; Oil crash; Netflix's growth

Finance - 21 APR 2020

DB: WorldBank funding; Oil crash; Netflix's growth

World Bank announces funding packages, crude oil fall to new lows, and Netflix keeps growing