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.
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.
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.
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
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.
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
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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%
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
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
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
Finance - 23 APR 2020
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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
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
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
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