The African Export-Import Bank (Afreximbank) has announced a $3-billion facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to help African countries deal with the economic and...
The domestic equities market closed in the red as the All-Share Index (ASI) declined marginally by 5bps to 21,729.48 points following losses in MTNN (-2.9%), TOTAL (-10.0%) and...
IMF’s African Department director Abebe Aemro Selassie said “Last week, the IMF received Ghana’s request for a disbursement under the Rapid Credit Facility to help the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to retain the monetary policy rate at 13.5%. This was announced...
Federal Government, States and Local Government shared a total of N581.566 billion for the month of February from the federation account. The decision was announced at...
Gains in NPFMCRFB (+9.5%), STANBIC (+9.4%) and TRANSCORP (+8.9%) moved the All-Share Index up 19bps to 21,741.16 points. Consequently, YTD return eased to -19.0% while market capitalisation appreciated ₦20.9bn to ₦11.3tn. Activity level...
International Monetary Fund Managing Director Kristalina Georgieva has said that a global recession as bad as 2008 financial crisis is in the offing. In a statement...
Ecobank Transnational Incorporated (ETI) has recorded a 32% growth in profit before tax of NGN146.5 billion for 2019 financial year. This was up from the N110.8...
Equities began the week in the negative region as the All-Share Index declined 2.2% to 21,700.98 points due to price depreciation in the banking tickers – GUARANTY (-10.0%), ZENITH (-9.7%) and STANBIC (-10.0%). Consequently, YTD return...
United Bank for Africa said weekend that it held a Micro Small and Medium Enterprises (MSME) capacity training in Onitsha where about 400 small and medium...
Central Bank of Nigeria and the Bankers Committee have identified twelve Nigeria based pharmaceutical companies to that will be supported to produce local drugs and other...
Zenith General Insurance Company Limited (commonly known as Zenith Insurance) has, in a trailblazing move, partnered with Telecommunications giant – MTN Nigeria to provide the first...
Trading on the floor of the Nigerian Stock Exchange (NSE) closed upbeat on Friday with the All-Share Index growing by 0.54 percent. Specifically, the index grew...
By Omoh Gabriel As the COVID-19 continue to take its toll on the global economy and fall in oil prices, the Cenral Bank of Nigeria CBN...
Bank of Industry BoI, has said that in line with the focus of President Muhammadu Buhari’s administration to revitalise Nigeria’s industrial sector and create 10 million...