| Wednesday, January 29, 2020 FG recorded N4.62tn fiscal deficit in 2019 — CBN The Federal Government recorded a fiscal deficit of N4.62tn in its operations in the 2019 fiscal period, figures obtained from the Central Bank of Nigeria have revealed…..read more. Regulators undecided about Coronavirus surveillance at Nigerian seaports As coronavirus spreads like wildfire and nations tighten up their entry points, Nigeria has failed to map out strategies to prevent the importation of the virus through the sea….read more. ‘Nigeria on track to commence rice exportation by 2022’ Increased production and capacity utilization by rice millers across the country, may have boosted Nigeria’s quest to commence exportation of Rice by 2022…..read more. What CBN’s new CRR means for banks, economy The hike in the banking sector’s mandatory Cash Reserve Ratio (CRR) signals not only withdrawal of money in circulation, but a measure to curb the four-month resurging inflation and tacit declaration that rate cut is not in consideration, at least in the short-term…..read more. Union Bank to Divest from UK Subsidiary, to Focus on Nigeria Union Bank of Nigeria Plc has announced that it has entered a share sale and purchase agreement to divest its 100 percent equity stake in Union Bank UK Plc….read more. Coronavirus live updates: Chinese health officials say death toll has risen to 132 A rapid escalation in the outbreak has pressured Chinese leadership, said Allison Sherlock, China researcher at the Eurasia Group…..read more. Apple generated $56 billion in iPhone revenue last quarter on strong iPhone 11 sales Apple reported iPhone revenue of $56 billion for its fiscal first quarter on Tuesday, blowing past analysts’ estimates, proving that the new iPhone 11 is off to a strong start….read more. |
