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The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced a scientific inquiry to identify the cause of the recent shoals of dead fish washed ashore...
FBN Holdings PLC shareholders have approved a total dividend payout of N13.64 billion declared by the company for the financial year ended December 31, 2019. The...
Price appreciation in GUARANTY (+3.6%), MTNN (+0.9%) and ZENITH (+1.1%) buoyed market performance as the All-Share Index advanced 7bps to close at 22,616.28 points. Consequently, market capitalisation appreciated ₦8.8bn to settle at ₦11.8tn while YTD...
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is engaging the Central Bank of Nigeria(CBN) to determine the applicable foreign exchange rates for the importation...
The coronavirus pandemic and its devastating economic impact on developing countries could fuel fresh interest in so-called diaspora bonds that allow migrants to support their countries...
Despite the supply chain constraints involved in simultaneous nationwide delivery and distribution of medical items at this period, the Nigerian National Petroleum Corporation (NNPC)-led Oil and...
Ecobank Nigeria has donated fooditems to several state governments across the country as contribution to various initiatives aimed at cushioning the effect of the current lockdown on citizens. These palliatives are targeted at the most vulnerable members of the society who have been the hardest hit economically as a result of the current crises. Speaking in Lagos, Executive Director Commercial Banking, Ecobank Nigeria, Carol Oyedeji said this action would also go a long way in supporting members of the community who earn a daily wage and may not have the opportunity of working under the present environment. She noted that the donations are part of the bank’s Corporate Social Responsibility (CSR) and focused on providing support as best as possible. She remarked that “as a bank we give strong priority to people’s welfare. We are determined to assist ordinary Nigerians during the current difficulties and this is one of the ways we are achieving this. We are also offering concessions to our SME Lending customers at this time given the strain on their cashflows and creating ease for the general public to transact digitally while at home”. Ecobank Group has so far contributed over US$3 million to the fight against COVID-19 across its footprint in Africa in line with the Bank’s commitment to the Region. The Institution is supporting governments, the World Health Organization (WHO) and partnering with private sector operators to alleviate the effect of the pandemic on citizens. These have been in the form of cash, healthcare equipment, donation of supplies, awareness campaigns while also using digital platform to provide funds to beneficiaries of various funds being distributed. The Bank is particularly mindful of the needs of its communities and remains committed to providing the appropriate support required.
The International Monetary Fund on Friday said it would meet on April 28 to consider Nigeria’s request for $3.4 billion in emergency financing to combat the...
The Nigeria Labour Congress (NLC) says it opposes the use of contributory pension as palliatives for workers as part of effort to cushion the effect of...
The Lagos State Government said it has shortlisted 10 firms out of the 32 eligible companies that responded to the call for Expression of Interest (EOI) and...
International Monetary Fund IMF and World Trade Organisation have said that open trade policies is what is needed to defeat coronavirus. The two multilateral institutions in...
The ongoing efforts by the Nigerian National Petroleum Corporation (NNPC)-led Oil and Gas Sector coalition against COVID-19 was bolstered Thursday in Lagos with the handing over...
World Bank Group has said that COVID-19 pandemic could push 49 million people into poverty in 2020. The Bank in a report said “The coronavirus (COVID-19)...
At the close of trade today, sell pressures in DANGCEM (-3.3%), BUACEMENT (-5.3%) and NESTLE (-6.7%) weighed on the All-Share Index, depreciating 136bps to close at 22,470.79 points. Consequently, market capitalisation shed ₦161.3bn to settle...
Nigeria Breweries PLC has reported a decrease in revenue in the first quarter of 2020. According to the board the company made a revenue of N83.2...