The Nigerian Stock Exchange has given a report of shares traded as of 20th October 2020. According to NSE 297,311,966.00 shares valued at #2,926,878,117.39 were traded as at yesterday in 4,736.00 deals. The Nigerian Stock Exchange stated that the all-share index rose by 0.3% to close at 288,665.82. The top 3 advancers are NB with 4.67%, Flour Mill advanced by 4.55% and INTBRE rose by 3.90%. The market snapshot reveals that equity capital is #14,983,157,268,577.55, while the value of bond capital is #17,021,869,565,806.40 and ETF capital was valued at #16,406,553,859.11. The top 3 decliners are Mobil with -4.60% , followed…
Author: Adebimpe A.
The World Trade Organization has today announced the initiation of the new portal which according to the WTO will facilitate progress in attaining trade- related ‘Sustainable Development Goals’. According to WTO, the Sustainable Development Goals Trade Monitor was launched today at the United Nations Conference on Trade and Development (UNCTAD) and the International Trade Centre (ITC). The new portal assembles the latest progress in achieving the trade-related Sustainable Development Goals (SDGs) of the United Nations. The new portal which was launched on World Statistics Day, permits users to carry out customized analysis of the trade-related SDG indicators, with the…
In a bid to safeguard health of Nigerians, the National Agency For Food and Drug Administration and Control, the bagency ensures that all regulated products by NAFDAC, have expected quality. The Agency has therefore developed a 5-year traceability plan towards achieving supply chain visibility. According to NAFDAC, it has partnered with pre-shipment agent in China and India to eliminate substandard medicines in Nigeria. The Director-General of NAFDAC, Prof Mojisola Adeyeye added 70% of the medicines used in Nigeria are imported, while 30% are produced in the country. She therefore stated that attention must be given to both imported and local…
Chevron alongside other oil and gas producing companies has today announced progress in reducing upstream carbon emission and have set a target for the collective upstream carbon level in order to reduce the effect of carbon emission on climate. The Oil and Gas Climate Initiative also noted that they reached beyond the set target of upstream methane intensity of 0.25% and tends to lower methane level to 0.20% by 2025. The statistics show 22% progress made in upstream methane emissions since 2017. 7% of the collective upstream carbon intensity was as a result of members contributory action. In 2019, 21.1kg…
The Honourable minister of states for health, Dr A.O Mamora, has today during the presidential task force briefing on COVID-19, stated that medical equipments such as ventilators and oxygen concentrators have been distributed to all federal government owned tertiary hospitals all over the country. Dr Mamora while speaking noted that the initiative to achieve regular and stable power supply in hospitals all over the country are being figured out. According to him, the management of the Niger Delta Power Holdings have been dialogued with, during which they discussed partnership that will enhance stable power supply in federal government owned teaching…
The International Monetary Fund has today given an outlook of ‘World Economic Growth Projections’. IMF identified that growth in advanced economies as at 2019 is 1.7%, while in 2020 it is at -5.8% and will probably be at 3.9% in 2021. Growth in emerging markets and developing economies in 2019 was 3.7%, while in 2020 it was at 3.3% and will probably be at 6.0% in 2020. The World Economic Outlook released in June shows how difficult it would be to revive the economy while the pandemic persists. As many economies reopened during the pandemic in May and June the…
In view of the selection of the next World Trade Organization, consultations have kicked start today and come an end on the 27th of October 2020. According to the WTO who made it known on their page, only two candidates remain for members consideration. Recall that the nomination for the position of new Director-General of the World Trade Organization started on the 8th of June 2020 at the end of which 8 candidates were nominated by their respective governments. The candidates met with WTO at the special general council meeting, during which they presented their views and entertained questions from…
The World Trade Organization has released the statistics of trade in Covid-19 related products. According to the WTO trade has played an important role in delivering essential supplies to fight COVID-19. Due to the pandemic trade in COVID-19 products increased rapidly. There has been rapid increase in global export of critical products which includes Personal Protective Equipments, hand sanitizers and ventilators. The trade in this product increased to an estimated $187 billion in the first half of 2019. According to the WTO, global trade in face masks, which has constituted substantial part of the ‘PPE’ figure increased by 76% to…
The Nigerian National Petroleum Group has in a post disclaimed the alleged hack of its website. According to the NNPC, it’s notice has been drawn to the purported hack of it’s website and that of prominent federal government owned institutions. In lieu of this the NNPC has stated that no breach of the corporation’ website has occurred. The Corporation thereby urged NNPC group partners and stakeholders of the authenticity of their spamware protection. Also NNPC has made it clear that the corporation’ web-based platforms are properly secured and members of the public are assured of quality service on all their…
The World Trade Organization, has in commemoration of it’s 25th year anniversary tend towards getting a female Director- General, and in view of this celebrates it’s women pioneers. These women according to the WTO, have made landmark contributions to the WTO and have developed international trade. One of these women is Arancha Gonzalez, who was the first woman to attain the position of a chief of staff to a WTO Director-General, in the cabinet of Pascal Lamy. She was also appointed as the Executive-Director of the International Trade Center in 2013. In 2020, Arancha Gonzalez, was appointed as the Minister…
Before COVID-19 struck human capital witnessed rapid growth globally. Due to the effect of the ravaging pandemic on human capital, the World Bank has noted that 80 million children likely be unable to get vaccinated, while 26 million women might lose access to contraception and there will be a massive increase in birth rate, as over 8 million children will be born. Human Capital Project is a global effort initiated to enhance more investment in people to bring about greater equity and economic growth. With the COVID-19 pandemic, it is more important for countries to invest in Human Capital Project.…
The International Monetary Fund have revealed that financial stability risk around the globe have been contained by massive monetary and fiscal support. The timely policy response has helped avert financial break down and maintenaned the flow of money in the economy. Despite this the rate of poverty is rising. Poverty rate have increased in businesses as firms are coping with more debt shortage of cash. As the crisis continues debts in corporate sectors may prove unsolvable particularly if the recovery is delayed. Small and medium enterprises are more prone to increased debt than big enterprises who have access to capital…
The Federal Ministry Of Health, Nigeria has given further non-pharmaceutical advise on how to reduce the risk of contacting chronic diseases. The ministry has today identified healthy eating as a vital role in preventing chronic diseases like COVID-19. In its advice the Federal Ministry Of Health urged people to increase their intake of fruits and vegetables more than ever and reduce the intake of salt and sugar. The ministry also recommended drinking water in large quantity at every meal. The Federal Ministry Of Health further stressed that these measures increases someone’s immunity against chronic diseases.
The World Bank latest estimates shows the need for reduction in global poverty, which has been the trend in the last few years.This trend is maintained by the Sub-Saharan Africa’ slower pace of poverty reduction compared to other regions. The 2020 report on ‘Poverty and Shared Prosperity’ reveals that extreme poverty might be predominant in Africa by the next decade. Even though the number of people living in poverty has reduced in East Africa, the Pacific, and South Asia, there has been no reduction in Sub-Saharan Africa. The increase in the number of extremely poor in Sub-Saharan Africa made the…
A Deputy Director General of the World Trade Organization, Yi Xiaozhun has commended the partnership between the World Trade Organization and the World Custom Organization in effecting the custom valuation agreement. According to Yi Xiaozhun the custom valuation process have been neutral and uniform over years which have helped in maintaining flexible flow of international trade and accessibility of market. Deputy Director General Yi Xiaozhun thanked the World Custom Organization, for it’s proper custodian of the committee which has ensured uniformity in the interpretation and application of the WTO ‘ customs valuation agreement right from inception. He however stressed the…
The Central Bank of Nigeria has reiterate it’s support for the textile and garment industry. CBN have kicked start it’s intervention in reviving textile business in Nigeria. The motive of the initiative is to resuscitate the sector and bring back the glory days of the textile industry. CBN According to the CBN, the intervention will create more jobs and diversify the Nation’ economy thereby bring about self sufficiency in cotton production. The CBN further noted that over 300,000 metric tons of cotton seed output is expected this year. Also the production capacity of ginneries is expected to be over 102,000…
The Federal Ministry of Health have announced the establishment of sample collection centers in Rivers state in a bid to combat the coronavirus. In a post the ministry, have urged persons who are experiencing COVID-19 symptoms to visit the collection center nearest to them. The collection centers includes General Hospital Eleme, which operating hours is 8 a.m to 4 p.m daily, University of Portharcourt Teaching hospital, from 8 a.m to 4pm. Am the list is Indorama Petrochemicals treatment center, from 8 a.m to 4 p.m daily. Shell petroleum treatment center from 10 a.m to 4 p.m daily and Yakubu Gown…
The Federal Ministry of Health, Nigeria given further non pharmaceutical measures in tackling COVID-19. The ministry in a post have urged people to always wear their face mask when going to public places. As not only does it serve as a barrier, it limits the spread of respiratory droplets which is capable of causing spread of the virus if the droplets comes from an already infected person. People have therefore been advised to always wear their face mask and to wash their reusable face mask at the end of each day. The Federal Ministry of Health, thereby urged people to…
The Nigerian Stock Exchange has today released a performance report on the weekly top 10 brokers by volume and top 10 top brokers value. According to the NSE, Apel Assets led with 673,703,084 shares which is 17.23% in volume, and Cardinalstone followed with shares of 323,334,711 and 8.27% in volume. Stanbic Ibtc followed suit with a total of 280,719,364 shares and 7.18% in volume, while Hermes came fourth with a total shares of 236, 583,516 and 6.05% in volume. Rencap Securities have 190,048,295 shares which is 4.86% in volume. APT has a total of 137, 597,746 shares and 3.52% in…
The World Health Organization has today released a list of diseases which can be preventing by getting vaccinated. These diseases include Ebola, Cervical cancer, Hepatitis B, Typhoid, Tetanus, Meningitis, Measles, Dipheteria, among others. According to WHO without vaccines people risk serious illness and disability from disease. In the modern day world, where the globe is interconnected infectious diseases easily cross borders and usually infect persons who are not vaccinated and vaccines are a safe and clever way to keep us healthy. The main reason to get vaccinated is to protect ourselves and people around us. WHO however stated that not…