Indication are that the Central Bank of Nigeria has lifted its hold on interbank cheques clearing. This indication emerged from the Secretary to the Government of...
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 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...
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...
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...
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...
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...