| Thursday, March 19, 2020 |
Greif places travel ban on workers, postpones AGM
Following the announcement of five new coronavirus cases in Nigeria, Greif Nigeria Plc has announced a travel ban on all its employees as well as social distancing rules for workers engaged by the firm…read more
CBN announces N1.1tn intervention fund to boost economy
The Central Bank of Nigeria on Wednesday announced a N1.1tn intervention fund to support critical sectors of the economy…read more
Coronavirus: NNPC reduces petrol price to N125 per litre
The Nigerian National Petroleum Corporation has reduced the pump price of petrol from N145 per litre to N125…read more
Govt reduces March bonds, auctions N50b
The Debt Management Office has said that Federal Government will auction N50bn worth of bonds by subscription on March 25…read more
Nigeria, others may lose $110b in taxes, revenue as oil hits $26
As Coronavirus pandemic continues to rage and disrupt international economies, the African Energy Chamber (AEC), as well as other analysts, have stated that Nigeria and other African countries stand to lose over $110 billion in taxes, petroleum exports, jobs, and contracts to local companies over the next three months….read more.
AFEX to invest N2 trillion in agric sector growth
Afex Commodities Exchange Nigeria has concluded plans to invest over N2 trillion to finance agricultural growth nationwide for the next five years. It also recorded about $50 million transactions in agriculture value chain to small holder farmers across 15 States in Nigeria….read more.
Senate Committee States Commitment to Safe Capital Market
The Senate Committee on Capital Markets has expressed its determination to safety of investments in the Nigerian capital market…read more
CTF gingers economic business growth in Kwara
Ilorin No fewer than 300 SMEs operators across Kwara state will converge at Ilorin the state capital as a social entrepreneur group, Classic Trending Fabric(CTF) Exhibition has finalised arrangements to organise a Trade fair for them to showcase their talents through their products….read more
Oil price drop: FIRS automates tax platform to mitigate effect on economy
The Federal Inland Revenue Service, FIRS, Wednesday, unveiled a new electronic and automated platform for taxpayers, as part of measures to aggressively mobilise revenue for the country to cushion against the effect of the Coronavirus and the declining price of crude oil….read more
TURKISH authorities require ships that have called at ‘contaminated countries’ to be quarantined for 14 days prior to being allowed to berth at Turkish ports….read more.
Italian borowing costs fall sharply as ECB launches $820 billion coronavirus package
“Extraordinary times require extraordinary action,” ECB President Christine Lagarde said Wednesday on Twitter.The ECB had been criticized since Lagarde last week told a press conference that the bank’s role was not to close the spread in sovereign debt markets…read more.
Coronavirus live updates: China reports 34 new cases but none in epicenter Hubei
Australia and New Zealand announced tighter border controls in an attempt to curb imported cases of the new coronavirus, reported Reuters. China’s National Health Commission said there were 34 new cases, which were attributed to travelers returning from abroad…read more.
JPMorgan Chase says it will close 20% of its branches because of the coronavirus pandemic.
JPMorgan, the biggest U.S. bank by assets, is the first of the U.S. megabanks to announce broad closures of branches because of the coronavirus….read more.