Bargain hunting drives positive performance as GTbank Q1 earnings grew 2.3%

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...

CBN staff avert fire disaster in Jos branch

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. ...

Ecobank’s Support will help cushion Effects of the Lockdown Lagosians – Babajide Sanwo- Olu

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...

FBN Holding PLC post profit of N28.7 bn first half of 2020

FBN Holdings Plc in its unaudited results for the three months that ended on 31st March 2020 made N104.9 billion from interest income, lower than N109.5 billion in the same period...

ICPC probes PENCOM over N9bn spent as salary on 386 staff

Independent Corrupt Practices and Other Related Offences Commission, ICPC, is probing acting Director-General of the National Pension Commission (PenCom Aisha  Dahir Umar for alleged misappropriation of...

Banking stocks drag Nigerian Stock market performance… ASI down 0.01%

Trading activities on the local bourse resumed the week negative with a 1bp marginal decline in the All-Share Index  to close at 22,920.41 points, due to sell...

 African Development Bank denies claims it plans to provide financial support to East African Crude Oil Pipeline Project

African Development Bank has denied claims that the institution plans to provide financial support to the East African Crude Oil Pipeline Project. The Bank in a...

List of Contributors to the CACOVID Relief Fund As At Friday, April 17, 2020

IMF/WB Development Committee backs G20 debt service suspension initiative, Nigeria makes case for IDA

Minister of finance Zainab Ahmed said a debt relief agreement reached at the ongoing IMF/World Bank Group virtual Spring Meetings to help the world’s poorest countries...

“We expect COVID-19-related projects in 100 countries by end of April— David Malpass

World Bank Group President David Malpasshas said that the multilateral institution expects to have COVID-19 projects in 100 countries before the end of April 2020. Delivering...

The Bullish trend continues at Nigerian Stock market as investors gain ₦7.8bn

Today, the local bourse sustained its uptrend, advancing 7bps to close at 22,554.84 points following gains in MTNN (+3.6%), NESTLE (+10.0%) and DANGCEM (+2.2%). Consequently, market capitalisation was up ₦7.8bn  to settle...

CBN develops, short, medium, long term measures to insulate economy from covid-19 induced recession—Emefiele

Central Bank Governor Mr. Godwin Emefiele said the CBN has developed a short, medium and long term Policy Response Timeline to guide the apex bank crises...

Sub-Saharan Africa M&A transactions totalled $4.8 bn in Q1 2020

Refinitiv 2020 first quarter investment banking analysis for Sub-Saharan Africa showed that investment banking fees in the region reached an estimated $128.2 million during the first...

COVID-19 crisis may reverse gains, weigh on growth for years in Africa—IMF

International Monetary Fund IMF has said that Sub-Saharan Africa is facing an unprecedented health and economic crisis. The IMF in its  Regional Economic Outlook for Sub-Sahara...

Trump’s move to cut WHO funding prompts world condemnation

U.S. President Donald Trump’s move to halt funding to the World Health Organization over its handling of the coronavirus pandemic prompted condemnation on Wednesday from world...