Today, market activities ended on a bullish note as the local bourse gained 232bps to close at 21,879.95 points as a result of price appreciation in DANGCEM (+3.4%), MTNN (+3.2%)...
South Africa’s Finance Minister Tito Mboweni ruled out an International Monetary Fund structural adjustment programme on Tuesday but said the COVID-19 pandemic would cause a deep...
Nigeria financial reporting Council FRC, has released guidelines for auditing companies during this period of COVID-19. In the guideline obtained by Businessnewsreport.com.ng the council said “we...
By Ikenna Lansar Aghaji Housing Deficit in Nigeria – The housing sector of Nigeria has been experiencing housing deficit since the civil war in the 60’s,...
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has appointed Dr. Okonjo-Iweala and 11 others to serve as external advisory group to the IMF. ...
Today’s trading session ended positive as the All-Share Index gained 147bps to 21,384.03 points following gains in NESTLE (+8.5%), ZENITH (+5.7%) and UBA (+9.7%). Investors gained ₦162.0bn as market capitalisation rose to ₦11.1tn while...
International Monetary Fund IMF, Managing Director Ms Kristalina Georgieva has said that the Fund anticipate the worst economic fallout since the Great Depression when the Covid...
The rapidly-spreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years, the World Bank said in...
Zenith Bank Plc, Nigeria’s leading financial institution, has introduced an automated voice banking service, an interactive voice response (IVR) solution which enables customers to perform basic...
The Federal Government has cut the 2020 budget by N318 billion and sent it to the National Assembly for approval. The government decided to reduce the...
The local bourse closed in the green as the All-Share Index rose 71bps to 21,073.26 points due to gains in WAPCO (+9.8%), DANGSUGAR (+9.6%) and ZENITH (+2.3%). Consequently, YTD loss eased to -21.5%...
The African Export-Import Bank (Afreximbank) today in Cairo released its audited financial statements for the year ended 31 December 2019, showingstrong and consistent growth, with total...
Today, the All-Share index gained 124bps to 20,925.19 points following bargain hunting in MTNN (+3.0%), ZENITH (+7.5%) and UBA (+9.0%). Accordingly, YTD return moderated to -22.0% while investors gained ₦133.3bn as market capitalisation...
International Monetary Fund IMF, has confirmed that Nigeria has asked for financial assistance from the multilateral institution to fight covid-19 under the rapid financing instrument. IMF...
The Federal Inland Revenue Service (FIRS), in its response to the impact of the Coronavirus on its operations, has launched business continuity plan and measures to...