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...
Vice President Yemi Osinbajo at the Presidential Villa, Abuja, presided over the meeting of the Economic Sustainability Committee (ESC) set up to address the economic fallout...
The U.S. Securities and Exchange Commission has dropped its inquiry into Royal Dutch Shell’s 2011 acquisition of an offshore oil block in Nigeria, the Anglo-Dutch company...
The African Export-Import Bank (Afreximbank) has set up a $3-million grant to complement continental efforts to combat the COVID-19 pandemic. Afreximbank President Prof. Benedict Oramah, who...
The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as Federation Account revenue for March 2020 to the Federal, States and Local...
Nigeria recorded crude oil and gas export sale of $434.85million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the...
Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The...
IMF Executive Board said it has set up Covid-19 short term liquidity line to enhance the adequacy of global financial safety net. In a statement the...
Guaranty Trust Bank Plc, Unaudited Q1:2020 Result result released at the floor of the Nigerian Stock Exchange showed that the bank’s gross earnings grew 2.3 per cent Y-o-Y...
Nigeria’s inflation rate for March 2020 rose marginally by 0.06 percent higher than the 12.20 per cent rate recorded in February. The National Bureau of Statistics...
The capital market community led by the Securities and Exchange Commission (SEC) has launched a funding initiative with the aim of raising N1 billion to support...
What would have been another major fire disaster in the country was today averted by the staff of the Central Bank of NIgeria (CBN) Jos Branch. ...
The Lagos State Governor, Babajide Sanwo- Olu has commended Ecobank Nigeria for donating food items to support the state government’s relief efforts to mitigate the effects...